Passive income is a source of income, which one starts getting regular income after one has done a particular activity once and as a result of such an activity. The most common example is of the investment deposit in a Bank, investment in bonds and mutual funds, who are involved in some development activities, which achieve higher return to them and are in a position to give dividends and bonuses.
Every one does not have funds for making investment and gets deprived of the possible benefits. The other option available to look for a networking opportunity, where one joins with an initial small investment in lieu of which he gets products of the company for self use and promote the products to other persons by demonstration of company’s products online or offline to create customers and in due course convert the customers by building relations with them.
Long Term Goals & achievement:
To achieve long term financial security, is the only objective of persons under 30 years age. In between there are many more priorities of the present time like acquiring a car, a house, which is required for the family to live comfortably and securely. There is hardly any attempt or possibility to save for the future ahead, because the long term security can not be achieved by depriving one of the essential necessities of the present time.
The goal set for long term financial security and working on it one has immediate benefits also, since financial insecurity can cause immense stress, which is present in some persons even at the age of 20 years.
Thus the aim is achieving long-term financial security not at the cost of short-term goals. A well begun goal is half done. In this direction the best useful tip is to achieve both short term and long term goals the starting point of which is very easy just have fun.
Just Have Fun:
It is a source of enjoyment required in young age, which boosts up creativity because youth and miseries can not go together. The living of successful life with enjoyment and happiness is centered on maintaining a necessary balance in the areas of family, friends and work.
The principle of financial independence is of not live as today is the last day to live. A wise decision is to be made. What is to be spent today and what is to be saved for future? The perfect balance is the guide post of success.
Steps to Successful Living:
Following factors are to be considered by a person to become successful in living well in the present and planning adequate security for the future.
• One needs to consider making permanent positive changes so that one can shift position by learning how one can access money by a great measure and conserve it for long term period and handling it wisely with this objective.
• One must have a decided time based goal, which is achievable, measurable consisting of a number of small goals leading to long term financial security.
• There needs to be failsafe planning subdivided into easy steps so that one can realize having achieved a pre-planned step and should take the next step leading to a successful and well satisfied living. This can build a financially independent life style and helping others to achieve the same. Steps planning can aid in building a financially secure future.
Story of Man’s Adventures & Success:
Man is an improvised version of the entire animal kingdom god created and present in this universe from a single celled organism to countless multi-cellular organisms lower to man in their hierarchy of splendid evolution, which is a continuous process. The present day man is not the one, which appeared millenniums before and had plenty of non ending natural resources to depend upon and money was not on the scene. There perfect harmony between man and nature.
Today’s man is an adventurous, taking all type of risks to possess more than required and this has created inter race unhealthy competition and is surrounded by risks of all kinds. The good old bartering system is replaced by monetary system. Few persons have amassed huge wealth and few others own majority of the resources and the rest of humanity is shuttling serving the ends of these two factions and are more vulnerable to risks.
Progress of the Passive Income Journey:
To continue the journey of creating passive income, there are no risks involved. One has to identify the opportunity and work at in guidance of the person designated as your up line, who helps you to be successful and in turn you have to do the same with your selected down lines so that in a short time there is a network of persons, who have learned themselves and have perfected their approach and the same teachings are to be imparted to persons in your down line.