*5 Tips for passive income*
*How to Become unshakable in any filed.*
Wahoo! Passive income is the real money,when we are talking about passive income, we're not just talking about Money but real money.
Passive income is the money you earn from your assets after building it for a while. There are 3 kinds of income which are.
1. *Earned income:* This income goes to the employees. Exchanging time for money and at the end of the month,you get paid for your time spent.
2. *Portfolio income:* This is the income you earn by selling a product that cost more than you buy it. If I buy a bag of Cement for 3k and I sold it for 5k that portfolio income.
3. *Passive income is called Cashflow*
Let talk on 5 tips for passive income.
*Tips#1: The best time for you to invest is during a crash.*
If you really want to know the value of a practical assets,go ahead and price it when the economy is on crisis.1$ is now #500.invest on blockchain system because cryptocurrency is taking place now and it as value.
*Tips #2:The safest and securest investment you can make is on index funds.*
For those of you who don't know Tony Robbin,he is an Advisor,welI, I know nothing about shock market, mutual fund, treasury bill,forex trading.But still,I know the best investment you can make is to invest into an industry which is secure and safe.Company like Network Marketing,Real estate, Affiliate marketing, Digital marketing.
*Tips#3:You don't need a lot of money to be wealthy,you need time.*
Time is money and your time is valuable.Time to develop the skills you have learn, time to build your business,time to focus on high value activity.The day I knew that time is money,that was when I realize have lost thousands of dollars online.
*Tips#4:Your financial broker will make you broker.*
Someone who teach you wrong will lead you wrong and he who teaches you right lead you right.
*Tip#5:Don't invest Emotionally in your financial investment.*
Not because you need money,you join a company,but to impact people life. I teach,I coach and I build. I don't do it for the money Emotionally. But I discipline myself by reading, teaching and by helping others. Don't do a business only for the money if you want to earn passive income for life.