Passive Income - The Way to FREEDOM
Hello, this is Elie Abboud.
I am drawn to this idea of having a passive income. We can't rely on our salary to live a great life. If you want to get wealthy or even wealthier than you are now, you need to stop trading your time for money and learn more about passive income.
Now to be sincere with you, I hate talking about money.
My purpose is to show you how you can achieve financial freedom and help you understand the necessity of having a passive income so you can live a very decent life without the need to work all day long, every day.
Please note that I am not a financial expert neither a very rich person. I am giving you advice and ask you to be open-minded because even if I am only 1 step ahead of you I can help you.
That said, let's dive into our today's subject.
What is Passive Income?
So a passive income represents money that flows into your bank account without the need for you to work hard every single day.
Most people think, wow! that's a great idea, let me try it for a few months and if it doesn't work, I will try something else!
But with this mindset, obviously, nothing will work, they will get frustrated and they will say, "it doesn't work, there is no such thing as passive income, I am going back to my 9 to 5 job routine..."
I have a question for you.
How could people like Robert Kiyosaki and Tim Ferris reach the point in their lives where the money works for them? They don't even need to work because they have built a system - a money machine - that will work for them 24/7/365 even when they are asleep.
No, it's not an overnight success and they are not lucky or superheroes!
They worked hard and studied all the details.
Robert always says that he had to learn about taxes, insurances, laws and all the stuff that bore him because it's a meaning to an end goal - FREEDOM.
He definitely didn't want to be a "normal" employee or trade his time for money. He said that he would rather invest in what he loves instead of doing what he loves. Counter-intuitive, isn't?
Passive Income Definitions
Here are few technical definitions for passive income.
Wikipedia: "Passive income is income resulting from cash flow received on a regular basis, requiring minimal to no effort by the recipient to maintain it."
Investopedia: "Passive income is earnings derived from a rental property, limited partnership or other enterprises in which a person is not actively involved. As with active income, passive income is usually taxable. "
I think by now you have a good idea about passive income and how it can FREE you from your 9 to 5 job and gives you more time FREEDOM to do what you desire.
With a passive income, you won't trade your time for money anymore... Isn't amazing?
You will create a money machine that never sleeps or gets tired.
You won't struggle with your debts and bills anymore. You are going to live your life to the fullest!
But of course, everything in life has a price. It's just the way life works. We can't change it.
The price is to be committed, serious and wanting the change so badly. You need also to be willing to learn a new skill and master it with massive daily action. Consistency is key in anything you want to achieve.
Financial FREEDOM is not easy! if it was that easy, everyone would be doing it, right? Keep in mind that I will share with you a simple passive income formula that has the potential to change your life as it's doing for me. I said "simple" but not easy, just to be clear!
Are you hungry to learn and take actions consistently? Are you going to make it happen, no matter what?
If you answered yes to these 2 questions, please keep reading and congratulations on your commitment, you are already successful with your mindset.
Can You Stop Working?
Does passive income mean that you won't work anymore in your life? No, of course not. There is some work to be done especially at the beginning of the process.
For exp. in Real Estate, you need to find the property, buy it and then rent it out. Once you have everything set up, you will see the cash flowing into your bank account.
You can consider also doing the stock exchange or investing in a company where you aren't really involved.
My favorite passive income formula is something related to the internet, it's very scalable.
It doesn't require you to have a product. You can promote other companies products and they will happily do all the difficult stuff, like selling, maintenance, support, and customer fulfillment. In the meanwhile, you can enjoy your time on the beach or in a new place in the world you always wanted to visit but you didn't have the time to.
Think about this for a moment...
Passive income doesn't mean that you will earn money out of nowhere or it's very easy. The process at the beginning might be complicated. It requires time, effort and money to set it up.
You really need to get into the process of learning and applying. The doing gives you most of the needed experience.
I am surrounding myself with like-minded people who already succeeded and achieved a similar goal to mine, so now I can learn from them and reduce dramatically my trial and errors process.
My Passive Income Formula to Success
So the formula I am using is called Affiliate Marketing. You might know it already but I am going to share something special with you today.
Basically, Affiliate Marketing is when you advertise others products. I prefer to use the product first before promoting it. If I love it and see the benefits from it, I will share it with my audience online (Facebook, Youtube, Google, Bing...).
Why is it a passive income? And why is it so special? you might say.
First of all, there is some work to do, you need to set up a website or what we call in marketing - a landing page, you will set up an email followup campaign for people who subscribe to your email list, you need to figure out your advertising platforms like Facebook or Youtube...
So as you see, there is some work you need to do and some skills you should master, like giving the right message to the right audience at the right time. You need to master influence and communication and other skills of course.
You should be sincere and authentic, don't try to mislead people just to earn few bucks here and there. The most important thing is to give value and share your insights with your audience.
I am willing to pay money in order to share good information with my audience because my mission is to help people live a new life of FREEDOM. This is why I am sharing this blog post with you today.
Several months ago, I have found a special community of like-minded digital entrepreneurs. I knew deep down in my heart that this is the beginning of my path to FREEDOM and SUCCESS. Why? Well you are very curious, aren't you ;-)
It's special because we help and support each other to succeed, unlike the outside competitive world. We mastermind together on daily basis. We hold each other accountable so there's no room for procrastination or not doing what needs to get done.
Passive Income Sources
As we have seen so far, there are multiple passive income sources that we can benefit from. Real estate, stock exchange, investing in companies and my personal favorite is Affiliate Marketing.
It's my favorite because I love influencing people and impacting the world in a positive way. I can reach people around the world which is HUGE.
Technically, I am earning while I am learning. With the company that started our community, we can earn high ticket value commissions. We can model our leaders and mentors and duplicate their successes.
My mission today is helping people to start with affiliate marketing so they can benefit from a passive income that will provide them with a more fulfilling life.
A Life Changing Opportunity
You can go down any path you want, to acquire a passive income.
But I have found that affiliate marketing can change your lifestyle and gives you more time, financial and geographical freedom.
So, if you want to travel the world and discover new places, new countries, new cultures, and new food, if you are fed up with your 9 to 5 job and you are struggling to get out of it as I was, you need to consider looking into affiliate marketing and start tapping into the booming digital economy.
We can't just keep going with life and wishing for things to change.
I am so grateful that I have come across this amazing opportunity and our unique community of like-minded high achievers.
Now, it's time for me to go and for you to continue doing what you where doing before, but please keep in mind that there is a way for you to live your life with passion and excitement.
I challenged myself and got out of my comfort zone and now I am going down a new, exciting path of entrepreneurship, lifestyle, and FREEDOM.
P.S: When you enter your name and email here, I am going to send you a 7 days video series, it's a great training to start with and it's FREE. Also, you can unsubscribe whenever you want so you really have nothing to lose. Go check the 7 days video series and I will speak to you soon.
Wishing you all the best in your life,