The Investor is smart enough to use their money to make money. People like Henry Ford, Aliko Dangote, and Mark Zuckerberg have surrounded themselves with intelligent people who knew all the answers allowing them to concentrate on new ideas.īusiness owners must have more than 500 persons working under them to be called a business. The Business owner is someone who has developed a system where other people do the work. Whenever a self-employed person stops work, income stops flowing in.Ī perfect example of a self-employed person is a plumber, A freelancer, and many other relevant independent skilled Jobs. However, things can go wrong when you intend to expand and go on short rest a self-employed person cannot do such a thing because their income is tied around their availability. One thing about being self-employed is that you get to offer your skills independently without working for anyone. The Self-employed person builds an income stream using a skill, or a profession learnt over time.Ī self-employed person does not want their income to depend on other people. Money earned in this system is called a wage or Salary.
#Passive income ideas with little money how to
Passive income can help you earn more during the good times and tide you over if you suddenly become unemployed or voluntarily take time away from work.īefore we learn how to build passive income, here are some of the excerpts to be drawn from Robert Kiyosaki’s explanation of the various cash flow quadrant, and they were coined into an acronym known asĪn Employee values security above all else and seeks the safety of a long-term contractual agreement.Īn employee works within someone else’s system to earn money. Passive income can be a great way to help you generate extra cash flow, whether you’re running a side hustle or just trying to get a little extra dough each month. You get the Freedom to work anywhere in the world.ĭo you want to make money while sleeping? Then, it would help if you build passive income.Įveryone wants to make money while sleeping, but not everyone knows how.
You get more time to spend doing other things. You earn based on your efforts and not time.
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