Chapter 1: You Can Start Now

Over the past few years, Passive Income has become a buzz word.  There have been a lot of articles in the internet written about the topic.  So what really is Passive Income?  Yes, it can be an important tool that can give you the financial freedom that we all aspire for.  But more than that, passive income is a system that will require both time and effort from you.  You will need to perform initial research and quite extensive preparations.  When you are able to do so, your passive income will allow your money to work for you while you stay at home, travel around the world or even while you sleep.

Many people have this thinking that the only way for them to earn income is by working for it.  This kind of thinking is based on the linear income model.  Currently around 95 percent of people in Western countries continue to follow this income model.  Whether they work inside an office or in other professions, they will have to wake up in the morning, travel to their workplace, and spend their time in exchange for the paycheck or the income that they will earn.  If they fail to go to work, their income will be diminished or completely evaporated.

Many people start thinking of passive when they have already retired or are nearing retirement age.  They normally look for ways on how to continue earning income even when they are no longer eligible to join the workforce because of their age.  But you do not really have to wait until old age to aim for financial security.  As a matter of fact, you should begin working on it as soon as possible.  Even if you are currently working on a job that you truly enjoy, you should aim to have financial freedom that will enable you to work because you want to work and not because you have to work.

Payday loans have become rampant in the previous years.  More and more people are relying on payday loans to make their ends meet.  Even with the exorbitant interests and fees that they incur, a lot of people choose payday loans as an easy way to manage their finances.  They realize too late that they are relying more and more on payday loans and have been getting multiple payday loans at a time.  Before they know it, they are already in a much worse financial situation because of their enormous debts.  If you are one of these people, there is good news for you.  There is a way out of this financial mess.  You, too, can achieve financial freedom.  You just need to realize that it will take time and a lot of effort from you.

You do not really have to let go of your day job because any successful passive income requires enough preparation time.  You need to meticulously plan how you can achieve financial security.  Just always remember that no matter at what financial status you may in right now, you can always choose to begin the journey towards financial freedom today.