PASSIVE INCOME

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Passive income is the Holy Grail for online marketers. It’s automatic. Effortless. But, not at first. In the beginning, it’s grueling. I liken this to doing the most amount of work for the least initial return. However, over time, as your passive income begins to increase, your reliance on an active income plummets. That’s when the real magic starts to happen.

For most people, that means an exit from the proverbial rat race.It equates to freedom. True financial independence. An extrication from the shackles that binds us to the 9-to-5 corporate life-sucking job. It means being unleashed. Living a fulfilled life. And having total freedom to live, work and roam free at your leisure

However, this comes back to the old discussion of pain versus pleasure. We will always do more to avoid pain than we will to gain pleasure. When our backs are against the wall, we act. When they’re not, we relax. The truth is that the pain-versus-pleasure paradigm only operates in the short term. We’ll only avoid pain in the here and now. Often not in the long term.

The day before our taxes are do, there’s pain. Lots of pain. We know what happens if we don’t file. Same thing the night before an exam or a paper is due. We spend so much time procrastinating that it’s only at the point when the pain of continuing the procrastination exceeds the pleasure of putting it off any longer, that we actually take action.

But, when it boils down to it, passive income isn’t that hard to generate. When you know what avenue to take, and you follow along with a few simple steps, you can do it. It just takes time. Don’t expect this to materialize overnight. Unless, of course, you haveĀ  money to invest in something like real estate or high-yield dividend stocks

There are dozens of ways to generate passive income. However, the option you select has to do with two metrics: time and money. Either you have a lot of time or a lot of money. Most people usually don’t have both. But, if you have a lot of money, generating passive income almost instantly is easy. You can buy up some real estate and begin enjoying rental income. Or, you can invest in a dividend fund or some other investment vehicle that will begin generating a steady income for you. There are different sites that helps us to generate money without taking financial stress GrowEasyIncome ,freenez etc.

You’ll need to invest the upfront time now in order to reap the benefits of automatic income later. It just doesn’t happen overnight. So don’t expect it to. However, you can do this without quitting your day job. All it takes is some sincere effort over a consistent period, and voila! But, to get there, you’ll need to consistently burn the midnight oil or get up at the crack of dawn. Your choice.

DR.SHIREESHA MADDALI

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