How do some people get to live the life of their dreams while they are stuck working a 9-5 job? Is it because they were born into wealth?
Are they risk-takers, entrepreneurs, or gamblers? They may be lucky. Sure, some of these things may be true, but the truth is they discovered that money is about time.
When we don’t have “the information,” we spend countless hours working for money—exchanging our souls for a paycheck someone else gives us.
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However, we have all the tools necessary to create our own paychecks and freedom. We need only jump on the options provided, dig in, and build the future of our dreams. Let’s begin.
What is passive income? You may have heard people loosely throwing around the words passive income, but you must take these words seriously.
Passive income comes in all shapes and sizes, but the central theme is that you are not exchanging your time for money or salary.
Some forms of passive income have you create something once, and you can reap its benefits for the rest of your life.
These options include dividend-paying stocks, writing books, or releasing music. You may still need to promote or maintain these income streams, but you did the heavy lifting upfront.
Happy Cash Flow Retirement 2
Other forms of passive income require more active work, including renting your car on Turo or operating a vending machine business.
Why pursue passive income? Now to the deep discussion about building passive income streams. Most people will never do what it takes to create an income stream from scratch.
In the short term, working a job and getting paid every two weeks is too easy. It’s tough to make $100,000 a year and convert to writing books that earn $5,000 annually.
In the long run, the author will eventually surpass the employee and earn serious money (if they stick with it). Even better, they will be in control of their time and effort.
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You see, passive income (and money in general) is not about money but time. The goal is to be where you want and with the people you love while earning money silently in the background.
Love, Passion, and Freedom. There is no better feeling than having complete freedom of movement and time but still having a pocket full of money.
Most people will never experience the feeling of understanding how to create money, free up their time, and spend resources on the people they love.
During our school years, our parents and teachers taught us to work for money. We followed their lead and spent 10-40 years pursuing a career that took us away from families and friends.
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Even worse, we had little control over how much money we earned or time we could take off. We were chickens stuck in the chicken coop. However, there is a better way.
Creating passive income streams will give you the love, passion, and freedom to pursue your true calling while enjoying time with your family and friends. But passive income doesn’t come easy.
Our passive income journey. My wife and I are retiring in about one week. I am 42, and she is 39. I served 24 years in the US Marine Corps, doing the Lord’s work across this beautiful planet.
My military pension is only a tiny reason why we can retire so early. The actual reason we can retire is that we discovered passive income and financial education four years ago.
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We started by having roommates—which allowed us to pay off debt. We lived below our means, which helped us invest in dividend-paying stocks. We used rental income from properties and roommates to build our investment portfolio.
Now we have enough money to make $3,000 to $4,000 a month safely trading options on the stock market.
Most people work all month to earn $4,000 per month, but we can earn it in less than one hour every month—that’s the power of passive income.
It doesn’t come easy. You may think we just started trading options out of thin air, but you would be wrong.
Retire Rich, Retire Comfortable with a Business 2
I read my first book on options trading two years ago. Over the years, I let it sink in to understand the nature of creating derivatives on the stock market.
Over the last three years, I have read over 140 books on financial freedom, real estate, business, and the stock market.
To create the life of your dreams, you must become obsessed. I read “Be Obsessed or Be Average” early in my passive income career.
It stuck with me because, at the time, everyone said all I talked about was money or business. They told me I was talking like an entrepreneur or wealthy person. They told me to have “balance.”
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Finding your path to passive income. You must ignore these people or risk suffering the same fate. They will live the rest of their days in fear.
They fear investing in the stock market, trading options, buying rental properties, leveraging their car on Turo, or starting an automated business.
You will begin to be the person you always imagined. You can wake up and create wealth by writing a book, recording a video, trading an option, or receiving a dividend.
When you find an excellent rental property to purchase, you understand how to talk to lenders, contractors, real estate agents, and property managers.
You will have become your own hero. Sometimes trading an option and earning $1,000 in a couple of seconds is scary.
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You ask, “Can life be this easy?” We feel this way because they taught us to work for a few days to earn this type of money
You can be different. In order to have different results, you must take different actions. If you want a life of love, passion, and freedom, you must take steps that 97% of the population won’t even consider.
You may have to downsize your house or car. You may need to get one or two roommates or use your yard as a dog park.
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In short, you will need to leverage all the tools at your disposal to start building wealth. In turn, you can use this wealth to create more wealth—as is the power of compounding.
Conclusion. But not only does your money compound but so does your knowledge and creativity. In fact, your knowledge and creativity are how your money will compound faster than you can imagine.
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The only way to begin the process of compounding is to jump in head first. Whether this means getting a roommate or renting your car, do something different today.
As you explore your income stream, you will learn things you cannot even imagine about yourself. But, before you know it, you will add more income streams to that one.
I started writing blog posts in July 2020. Now, I have 1,300+ articles and 940 books on Amazon. I publish my articles on Medium and LinkedIn.
The moral of the story is that I diversified my income stream over time. I couldn’t imagine where I would be three years ago; it happened because of the power of compounding and hard work.
But you’ll never know if you don’t try. I am on the other side of passive income. I can make $3,000 trading two options transactions per month. I want you to experience this power. Good Luck!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing
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