5 Essential Steps To Move From Working Income To Passive Income

There are 5 essential steps to follow if you are to move from earning working income to earning passive income. 

The first step is to start saving money. Set aside a fixed amount every month towards investing into your desired business or asset. Never use that saved amount to pay bills no matter what. If you are short on your bill payments, rather get the money elsewhere or do extra work to raise the money. In essence think outside the box. So discipline is a big factor here if you are to successfully save your fixed amounts every month. That saved amount is there to provide you with startup capital for opportunities that might arise anytime. To achieve your monthly saving objective, you should strive to keep your expenses low until you achieve your financial independence objective. 

The second step is to have dreamlines that need fulfillment. Just wanting more money is not enough. What do you need the money for? Do you want it so that you travel more often? Do you want to buy yourself your dream house or car? Do you want to be able to adequately provide for your children and parents? Do you want it so that you can help thousands of homeless kids and orphans around the world.

Knowing exactly what you need the money for and how much you need for each of your dreamlines, will enable you to come up with a solid figure to pursue. And knowing why you really need the money will also become the emotional driving force for you to never give up but keep pushing.

The third step is visualisation. Be creative and visualise in your mind exactly how you will attain that figure you desire. So visualise your prospective business, if that's the route you want. Will you establish a brick & mortar business, or an online business. In my opinion an online business is a better model because you spend less time on it, which can be great if you are working, and you don't need any inventories. 

Maybe you prefer to coach or consult for companies in line with your skills. Whatever option you prefer even if it's investing in stocks, forex, gold or bitcoins, just make sure you take time to visualise it. The more you visualise, the more it is drawn and attracted towards you, of course with the ignition of action. Also remember that everything you see around you first appeared in someone's mind before it was transmutted into its physical equivalence. 

The fourth step is research. Do a thorough research on your intended option to acquire wealth. Research on the type of business you desire, or research on the best type of investments to invest in. Read as many books as you can, listen to as many audio books as you can, watch as many videos as you can, attend wealth creation seminars, & workshops. 

Get a mentor who is already where you desire to be in life & allow him/her to guide you through your journey towards your desire. My recommendations though, if you need to start doing something that requires low initial capital would be investing in bitcoins. Why bitcoins? Because $100 worth of bitcoins in 2010 is now worth several millions of dollars this year in 2017. And in my opinion there is no other asset or business that has gained that much within the same period. You can still get in on it before the opportunity passes you. 

And the advantage of one of my recommended business is that you get to team up with a billionaire from the "Shark Tank". If you get in on the opportunity now, before 16 September 2017, you will have the privilege to become a founding member for life and share in on a significant portion of revenue earned. You will get paid daily for life. 

Here is the link if you would like to give it a try: 

http://viral-freetraffic.com/links/5374

Also if you would like to earn up to 3,24 bitcoins ($12 960) in 21 days with an initial investment of only 0,0005 bitcoins ($2) then you have to check out my other recommendation. 

You can check out the video here:

http://viral-freetraffic.com/links/5372

The last and fifth step is commitment. The difference between most successful and most unsuccessful people is in their commitment. Most financially successful people are committed to being rich, whilst most unsuccessful people want to be rich. But it's not enough to only want to be financially free, you have to be committed. And put in the action to back up that commitment. Have the never give up attitude. The "l'll get rich or l'll die trying" attitude is what will make you successful & build wealth enough to pass on to the next generation. So when it comes to making money & achieving your financial freedom, failure as an end result should never be an option. But ofcourse you can fail a couple of times along the journey to your success, and learn from it, but the end result should be a happy ending of success.