Dear Reader,
One of the biggest lessons I’ve learned in my life is not to chase money. Instead, let money chase you.
Yes, I know it’s very easy to say a dialogue but equally difficult to make it happen.
Long time back when I read classic books like Rich Dad Poor Dad and The Richest Man in Babylon, I realized the importance of Passive income.
What is the difference between Active and Passive income?
Active income is the money you earn because of your physical and mental work. The income you make for the work you do. It can be in terms of your monthly salary, consulting fees, daily wages, or commission on sales…
For example, if you’re an employee, you need to sell your knowledge, time, experience, skills, energy and freedom to your employer in order to get a salary.
Whereas Passive Income is the money that you make without your direct involvement. For example, house/office rent, profits made in investments, royalties, dividend stocks, money earned on selling businesses, etc.
In short, Passive Income is the money that you make even when you are sleeping.
When you stop working or retire from a job you stop getting active income. But Passive income keeps on coming to you and your family while you eat, sleep, travel or die.
Sadly, many people work their whole life to retire comfortably at 60. How? By keep saving and saving and saving some money from whatever they earn.
But some people don’t wait for 60. They enjoy the same retirement life in their 30s and 40s by investing and making more money instead of saving their money.
However, you can’t invest more and more money unless you have a big Active Income especially if you’re a self-made guy.
Now the question comes which is the fastest way to make a big Active Income?
The answer is: Start selling something right from today. If you are selling your own product, you can make big profits. And if you are selling someone else’s product you can make big commissions.
The next question is: Which is the fastest way to learn Selling?
Of course, by subscribing “Persuade and Grow Rich”.
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Best,
Vibhor Asri
Publisher & Editor
Persuade and Grow Rich
(a premium business and wealth newsletter
