The Remote Work Bible: Your Blueprint for Freelancing, Working at Home, and Side Hustles (Life Mastery Book 3) by Kaelah Hennessee

Author:Kaelah Hennessee [Hennessee, Kaelah]
Language: eng
Format: azw3, epub
Publisher: Kaelah Hennessee
Published: 2020-06-08T16:00:00+00:00

Chapter 5: Building a Passive Income

What is the process of creating passive revenue, and how can we be financially free? The starting point depends on an investor's profile and the investment's profile. Some rich investors start by carefully researching the factors affecting their investments. Some begin by getting acquainted with everything. But most of us do not even start with a capital. The less capital we have, the longer the passive income cycle will be created.

The creation of passive income for an average person will begin with saving money. Saving money is very simple, but difficult because it requires patience and discipline. This is the best way to start the passive income cycle. Most people would rather borrow money to invest. With time, they'll understand it's not they who receive passive income but the creditors. In reality, credit is particularly good for business expansion. Nevertheless, very few creditors lend to start-up developers.

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