Imagine a life where you don’t have to go to work.
You wake up in the morning
and you have the whole day in front of you,
to learn new things,
visit places, or lay in bed all day
all that while getting paid
and not having to worry about money.
Sounds…too good to be true, right?
I mean If it’s possible then
no one would spend 8 hours at a job they usually hate.
But most of the people do exactly that.
And it’s because they don’t believe that
passive income is possible
or even if they do
they have no idea
what passive income is and isn’t.
Let me address what my interpretation
of passive income is,
and that’s not the traditional banking definition
of passive income
what I mean is that your income is earned
through a passive activity.
meaning continuing to generate revenue
long after the initial setup
And if you think that passive income can be achieved
without setting up a profitable system in the beginning
or that it’s easy money and you won’t have work hard,
well then, I guess this video is not for you.
And you can probably leave.
Passive income can not be achieved
overnight or even in a week,
it is a long process of delayed gratification,
patience and working hard and smart,
but once it is set up correctly,
it can literally change your life forever,
you’ll be free to spend your days however you like,
and do what makes you happy.
Let me tell you a story about Bryan and Adam,
a story about two video makers
and how their thinking and patience
can be the only difference
between working your whole life and a life of freedom.
Bryan and Adam were two college friends,
studying video production and editing.
They both loved making videos
and soon enough they became close friends.
After a few years,
they both graduated and
Bryan started working for a video production company
where he created animated videos.
The company paid a hundred dollars for a single video.
And because Bryan was really good at this job
he was able to produce new videos daily,
and got paid 100$ after each day of work.
Adam on the other hand was also invited,
but decided not to work for the same company,
because while in college he watched
some small YouTube channel
talk about passive income
and decided to risk one year
and give the idea a shot.
On the first day Bryan created a video
and got paid 100$
Adam also made one video,
but instead of giving it to the company
he uploaded it online.
Before going to bed, he looked it up,
and was surprised when he got paid 1 $
from advertisements shown on the video.
The next day Bryan created another video,
and got another 100 $ bill,
while Adam earned 1 $ dollar from his new video,
and 1 $ from the video he posted the day before.
He was disappointed when he realized that
his videos are worth a dollar a day,
while Bryan’s videos 100$ a day.
Nonetheless he kept making videos.
What he didn’t saw is that after a year,
Bryan will have only 1 video that is worth 100 $,
the current video he is making for the company,
but Adam now has 365 videos
each earning him a dollar a day.
The difference… is in the ownership of the videos.
At the end Bryan will be left with nothing,
if he stopped working,
he will get 0 $ the next day,
because he traded his time for money.
On the other had Adam has ownership of the videos,
each one working for him,
bringing him a dollar a day –
and if he stopped working he would still get money,
because he owns the videos.
If you do the math,
after a year Bryan will have made 365 videos
each worth 100$,
which equals 36,500 dollars after a year.
Adam on the other hand
will have 1 dollar on the first day,
2 dollars on the second,
3 on the third and so on,
on the 365th day he will earn 365 dollars
each one of his videos
will bring him one dollar that day,
so if we sum it up and do the math,
after a year,Adam will have 66,795 dollars.
Heck even if the videos only got him 50 cents a day,
that’s 33,397 dollars,
roughly the same as Bryan
but now he wouldn’t have to work a second
if he wanted and he would still get money.
The best part about passive income is scaling.
Let’s look at Adam’s scaling options.
At this point he owns 365 videos
each paying him let’s say 50 cents
so that’s roughly 182 dollars a day.
Adam can use those money
to hire someone like Bryan
and give him 100 $ per video.
So,he would take a hundred from his earnings
and invest them in his system
so he could make even more videos
without touching a single thing,
giving him even more passive income
with the option to hire more Bryans.
In the free time
Adam can improve his knowledge about videos,
sharpen his talents, find his passions,be happy
and generally do what he wants.
And that is the underlying message
I want to get across.
It’s not about telling you to start a YouTube channel,
to make affiliate sales,
or that you can sell your music online.
It’s about understanding the power of passive income
and that it really is possible,
but also to understand that
passive income is not for everyone.
You have to work very hard at the beginning,
setting up the system, being patient,
seeing what’s working and what’s not,
and sometimes you would even have to work for free
as opposed to selling your videos
for 100$ every time you made them
And even after you set up your system,
passive income still needs
some kind of maintenance effort.
But without a doubt passive income is
one of the best incomes you can have,
because you can set up indefinite
number of income streams
and there is no limit
of how much money you can make.
In the next video I will share more
types of passive income,
but for this kind of passive income
where you create something, like mobile application,
音乐 照片 视频 书籍 课程
music,photos, videos, books,courses
the key point is that
you are the owner of the finished product,
because that will enable you to get
paid for the rest of your life.
For example, if you write an e-book –
you are the owner of the book
and for every download,
guess what, you get paid.
The difference between writing a book about meditation
and writing articles about meditation for a company,
is that at the end of the day
– you are the owner of the book
and the company is the owner of your articles.
And yes, it’s easier to work for a company,
finish 8 hours of work go home and get paid
than to write a book,design the cover,
upload it on different sites, market and sell the book.
But hey, no one said that
creating passive income would be
easy in the first place.
Now that you know what passive income is
and that you can use it to create your perfect life,
in the next video I will share some of my favorite ideas
on how to set up you own passive income stream.
It’s a list of ideas,
some of which I used in the past
and some of which I currently use,
so hit that like button,subscribe if you haven’t already
and I’ll see you in the next video.