Tuesday, January 20, 2009

Working to be passive

I am currently reading The One Minute Entrepreneur book. It's another business book on my shelf and who would have thought I would get hooked on these kind of books?

In my quest to make our family financially free (take note this is different from being comfortable), I have taken it upon myself to learn more about the business/investment world.

Hubby said he's delegating that part because he doesn't have any business/investment inclination.

So I hesitantly took that role. But what do I know? After reading a couple of books, now I want to read more.

If there is one term that have stuck in my mind after reading a couple of book is this: Passive income.

Passive income is an earning without much effort, supervision and management from you. Who doesn't want this kind of income?

After reviewing our financial status, I realized that we had one passive income last year. This year, we're going to have two passive income.

While it looks or sound great, it is not much though. I want to have more passive income this year and I am going to work on it.

I realize I don't need to go into a tangible business. There are other ways and means of earning money without launching a new business with a digital signage.

There are the stocks, real estate, time deposit, and of course the internet business.

I sound like a know it all but really I am just learning things. I just like to use these big words to psyche myself and to impress people. Hahaha!

But seriously, I am going to work on some things this year. And that's a promise to myself.

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