Entrepreneurship is a branch to get more business opportunities and cash flow. These two are the major pillars of business to run
World will praise everyone who stands with his/her empire regardless of its education or Degree.
Schools, College and other educational institutions are the means to make your mind bold towards needs and startups but the students have flourished themselves towards the robotic life to be work in hands of others and that’s why we need holiday or vacations to overcome our pressure and and undesirable work from which we are going through to make up our mind as if we all need money that’s the one of major reason of compromise.
Lesson#1: Entrepreneurs don’t work for Money..!!
Let get understood with the help of an Example: Suppose tomorrow is the one of the biggest day of your life or you are visiting to your dream place or on World tour, something for which you are excited with, just now understand the presence of mind of yourself that you are unable to have a sleep that night, your level of excitement is on such a level that you can’t unable to sleep, moreover to that you are not even tired next Day. You don’t need any of the relax module to make up your mind from tiredness or any comedy show to get upstream. Nothing as such just because what are you doing is doing with whole heartly. That’s the real game behind the entrepreneurs they work restlessly to achieve goals with thinking of Future expectations and as if they love to do so thus time boundations are not there.
Most of the people love to see the T.V., Movies and many other such parts to get entertainment because the work they are doing from early 8 is just for money not for that they just love to do so and thus arresting them in Rat Trap. So, if it seems that you need break, vacations or some entertainment in your life to get through from the present pressure then it’s completely truth that you are in Rat Trap.
One more to be added the compromises (with respect to deal) only comes when you work for money, for example: If a person owned a shop and the product is not selling at such rate then Offers are applied to just increase the sale or the rates are reduced that the compromise has occurred to just increase the sale, but if your product is best (make sure according to society) then the mouth rewards are being given to you for that, We doesn’t mean that it’s a wrong way towards sale but a compromise defines that you product selling is low.
Lesson#2: How to get escaped from Rat Race?
Rat race is nothing just the unwilling schedule we follow on the demands on others. To being get avoided or to escape a simple lesson you must need to learn that “How to generate Money”.
Most of the Multi Billionaires don’t work restlessly like employes they just sit and make the flow of money and that the real Game behind them.
So Income Sources are the steps that help you to get escaped from Rat Race..!
A system is Generated that work for them i.e. when money work for you..!
Lesson#3: Types of Income..!
There are three types of Income:
- Portfolio Income
- Earned Income
- Passive Income
The circle remarks the game of Cash Flow, it’s a real wealth.
Note: Just understand that initially it may seems that amount of wealth is less but it will keeps on increasing tremendously as passive income increases but truth is that you have done nothing and still got something, that’s the power of passive income.
Type 1: Portfolio income
It is an income source in which you buy a product for some ‘x’ amount and sell the product at ‘x+y’ amount, the amount ‘y’ is your earned income. But that doesn’t make you rich yes but a sale satisfactory income.
Type 2: Earned Income
In this type of income source you work and earn, or simply self employed just like Doctors, Teachers, or any other profession your work for your self and get earn. But truth is that until this can’t make you wealthy just help you to make a life smoother or fulfill your present desires.
Type 3: Passive Income
This is the Gold mine for wealthy source, and can make you richer. Let’s focus without wasting our time How to enrich or make a strong Base of Passive Income.
Passive income is the type of source in which one get the pay as intermediate and enriched their company.
Let take an example of OYO a name make our mind clear with work, he is the owner of such Passive Income because he connects the clients with hotels and the point to be noted that none of the hotel belongs to OYO thus no maintenance only returns. Take any example the mediators are always rich and fruitful also think If any of the hotel owner get in loss there is no loss of OYO as the company worked on commissions basis.
This is something that is only the example..! Which is already in work.
Now the Question is in your mind what kind of work would you do to earn such income, so it’s depends on you investing amount, you can also get started with just ₹100/-.
Sources of Passive Income:
- Mutual Funding
- Security Services
- Financial services
- Real estates
- Old age homes
- Blogging company
- YouTube channels
- Network Marketing
- Car renting
- Car washing
- Stock Market
- Stock Photos
- Stock Music
- Saving Account
So in simple language “Money that is earned without any efforts is called Passive Income”
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