I’ve seen a lot of employees set goals over the last couple of years- some friends, some extended members of the family. By the end of the year, they want to have made about 50% more than they earn at work. They say it over drinks with a resigned air and forced smiles.
Of course, we know it’s mostly impossible unless they get better-paying jobs. What are the odds that they ease into their employer’s office to demand a raise and he approves it?
The mere thought is almost ridiculous. There are many people waiting to take up their jobs for a much lesser pay if my friends insist that they are no longer happy with it.
So what’s the way out? How do they make more by the end of the year? How do they make their hours worth more than the value it currently holds?
The answer is simple: Creating a passive income stream.
Huh? A passive income stream?
You can put in your 9-5 every single day and get just enough from it, but don’t you like the idea of getting paid while you sleep? Don’t you fancy the idea of you getting paid whether you go into work or not?
If this sounds good to you, then it might be time to exploit a passive income stream.
The Three Sure Roads to Making Millions in Passive Income
Most people find it hard to believe that it’s possible to make money while you sleep. It seems too controversial, too good to be true, but before you call it a bluff, take some time to check out these options available to you.
Stocks are one of the oldest streams of passive income in the books. They’re a great option to consider when you have some extra funds sitting idle in your bank account. Go for dividend-paying stocks, ETFs, and other investments on your funds.
It might take a bit of time to build something solid, but as long as the investments are in place, you can be sure your funds will keep on appreciating with time.
Look at some of the richest people in our generation- Mark Zuckerberg, Bill Gates, Jeff Bezos.
They never have to work a day again in their lives.
Because they took the time to create time-tested, reliable systems that started and continued to solve real-life problems.
Inventing is a very good way to establish a passive income stream. The best part is, you don’t have to be in the technological line to do it.
Maya Angelou invented timeless books. Mohammed Ali invented himself into one of the most prolific boxers of all-time.
So you see, you don’t have to look too far to create something that will provide valuable solutions to problems and make yourself wealthy while doing it.
Talk about the passive income stream of the new age! Affiliate Marketing is a fairly simple, yet very powerful concept.
The idea is to have a website or a platform that promotes other websites and online businesses so that when people purchase products or sign up using the link they got on your site, you get paid.
Once you’ve set up your affiliate marketing website and pulled enough traffic to your site, all that’s left is occasional maintenance, and probably working on potent strategies to pull more traffic to your site and improve your conversions.
Whether you’re sleeping or out on the sea skydiving, the money comes keeps coming in. How cool is that?!
A Few Last Words
If you have never been technology or social media savvy, now is the time to brush up your skills, and develop an obsession for it.
No! Not because you want to get lost in the charade of entertainment and mostly irrelevant social updates but because you want to rake in more cash than you ever thought you would while you’re still turning in bed, wriggling under the covers, and rolling to a more comfortable side of it.