Print a PDF of Page…

Print Friendly and PDF

Is Passive Income a Reality or a Myth?

By The 1-Hour Workweek 3 years ago3 Comments

shutterstock_228100396

Building Passive Income Sources is the dream of most Online Marketers and even Offline Entrepreneurs. But what does Passive Income mean? Well, as you have heard or read before, there are two types of income – the Active Income and the Passive Income or also termed as leveraged income. We get active income when we are working for it or we render service to get such income. On the other hand, having passive income means you earn money even while you are sleeping, travelling or spending time with your loved ones- no work involvement. Who would not want that? Of course most of us, if not all will surely want that kind of income where don’t need to work hard to get the amount we need to enjoy the quality of life we’ve been dreaming of.

Some people who really liked the thought of earning passive income tried to build their own sources but then they failed and then most of them claimed Passive Income is not real or a myth. Some said it is impossible to have passive income because all income generated by the person no matter from what source it comes from still requires some work involvement. Well, they say passive income is a myth because they took the term passive income literally- where there is no work involve. Actually, building sources of passive income is not as easy as counting 1 2 3. To build streams of passive income, you need to dedicate and invest your own time, effort, energy or even money in the early stages, once it is already built and generating you an income where it requires you to work no more, then that’s the time we can consider it as passive income.

People who claimed passive income is a myth stated that even if your business or source of money is generating you passive income, it will still require you to maintain it or manage to maintain it. For example, if someone owns a website where there are products and services being sold, once it gains the massive traffic it needs giving it so much customers and sales, it then gives the owner huge income even when he is not attending the site for days or months. But then, he will need to manage the site for some time in order to keep it continually generating an income. So it will still be an active income because there is still work involve. But come to think of it, these days outsourcing and hiring a team to do all the work for you are very common, and that would mean taking all management responsibilities from you. It is then called leveraging. To continually earn passive income means letting money work for you or let other people work for you.

Sadly, because of limiting beliefs, other people kept in mind that Passive Income is very very hard and some even think it is impossible to have that income, that’s why they didn’t even try to start building their own source of passive income not knowing that setting up a Passive Income can be learned.. and with that they already failed by default.

shutterstock_261562937Passive Income is real. There are so many living proofs that passive income is real. The myth about passive income is the belief that there is never work involve or there is very little work needed when in reality it requires upfront hard work and determination. You just need to persevere to build sources of passive income then once it is successfully built, you can hire people to work for you to maintain it or you can use money to generate you more income through investments. Another myth about passive income is that you need a lot of money to build streams of passive income when in reality money can never be a guarantee of building a successful source of passive income. The probability that a person will be able to make passive income from her business or any endeavour has more to do with the attitude and mindset and not with the money being spent or even the kind of business being put up. It’s more on positive mindset and the determination to reach the goal no matter what. People who mostly fail to build successfully streams of passive income are people who never believe in passive income and people who quit, people who never dared to continue when difficulties arose.

And if you are reading this article, you are surely interested on generating passive income. Go ahead! Remember, there is greater risk in not trying. Instead of being leveraged and instead of continually building the dreams of other people (your employer), why not start building your own dream and make it a reality.

shutterstock_243855145

Download our FREE opportunity guide below. This guide will show you how to earn unlimited fast-start cash bonuses and build multiple streams of monthly passive income when you share our free wealth-building content!

You’ll earn $150 on everyone your refer who joins our network, earn $30 on everyone they refer who joins, and earn 15% of the retail sales on 100’s of wellness, health, and beauty products on the next 1.1 million people who follow you…while you work a minimum of 1-hour per week.

Click Here to Get Your FREE Opportunity Guide

Shares 0
Categories:
  Best Passive IncomeOnline Passive IncomePassive Income
this post was shared 0 times
 000
About

 The 1-Hour Workweek

  (60 articles)

I’m Tarence Wade, M.D., the creator of The 1-Hour Workweek. For 24 years, I worked as an ER physician, experiencing the financial pains & frustrations as well as the disparity in access to adequate healthcare for many of the people I served. Many were faced with long-term unemployment and couldn’t afford a primary physician. Some became disabled from injuries where they could no longer work. Others had chronic and debilitating health conditions and couldn’t afford even a $5 prescription to treat their conditions. I saw 3 major social crisis that existed in the people I vowed to serve. 1) They were unhappy, depressed and filled with anxiety from dealing with long-term unemployment and the lack of opportunity. 2) They had poor and declining health issues from the lack of access to affordable healthcare and proper health education. 3) They didn’t have the financial infrastructure to take care of the basic needs (e.g. adequate nutrition, clothing, shelter, healthy living conditions, etc.) for themselves and their families. Out of sheer frustration and concern, I made a commitment I would spend the rest of my life helping as many people possible to achieve the 4 Pillars of Success. Our 4 Pillars of Success  More Happiness o To become happier and to live a more stress-free life o To have more control and improved self-esteem over your life  More Healthy ¬Living o To make healthy living a central part of your life o To consume necessary vitamins and other nutrients in order to live a longer, stronger and a more vibrant life  More Time Freedom o To enjoy total time freedom in order to do the things you love to do o To spend lots of quality time with family, friend and loved ones  More Financial Freedom o To earn enough income quickly and easily without hassle to supplement or replace your monthly income o To build long-term financial freedom in the form passive income for a lifetime So for the past 8 years or more than 7,000 hours later, I have created an online community that helps network and online marketers set-up, manage, grow and market their business by “simplifying the marketing process” in order to gain Health, Happiness, Time-Freedom and Financial-Freedom. It’s called The 1-Hour Workweek. 1) You perform no more traditional network & online marketing 2) It’s FREE for you to join. 3) The 1-Hour Workweek performs 99.7% of the work of building, managing and growing your business. 4) You earn personal commissions & overrides to replace your monthly income [Timefreedomfirst]. 5) We pay you to purchase affordable high-quality products and services. As a loyal customer…we build you a team up to 19,530 affiliate partners (e.g. US, Canada, Australia, UK, and Philippines) for long term financial freedom [FinancialFreedomQuickly].

3 Comments

Leave a Reply

Your email address will not be published.