Constant Income For Life
Creating a constant source of income that will sustain you for life can be achieved in a rather slim category of ways.
Whether you have a continuous flow of income through investments, a retirement plan or simply have enough money in the bank to live off the interest, creating a passive stream of income is one of the first steps to financial independence.
Let compare some pros and cons when it comes to establishing a positive money stream.
There are always systems when it comes to making money, guidelines or step-by-step procedures that must happen in a current chain of events to see returns.
Lacking the knowledge or desire to take any simple design and complete it will ultimately end in loss.
For example, an 18 year old joins the military with all intent of serving 20 years to earn a lifelong retirement plus the benefits that come with serving that amount of time.
Typically the burn out rate for service members is 10 to 12 years but those who make it past will more than likely achieve their retirement goal.
Of course serving in the military today does not come without its risks.
Even the most structured path, with a proven end result does not come without some risks involved.
On the other hand there is the banking system.
Depositing $200 or $300 a month will gain even the slightest amount of interest but not a sustainable income.
However, if you deposited $2 million to $3 million into the bank you would gain a passive income that would suffice for many years depending on your lifestyle you chose to live.
Obtaining that amount of money in the first place is the problem.
The majority of people who build wealth with a constant source of income do not just stumble upon it or have it given to them.
Most follow a structured path with a proven end result.
Having the knowledge to create a source of income that once established, continues to make money for years to come is an amazing thing.
Anyone who has ever made substantial amounts of money has not had every piece of the puzzle in their mind, the difference is they knew where to find the knowledge they sought.
Establishing an endless income could be as easy as writing in a blog online.
People constantly seek information everyday through the internet.
If you have a specific knowledge about a product or service, all you must do is share your knowledge online.
Companies online offer products online for free to people willing to spread the word about them.
With your specific knowledge you can make an indefinite amount of money, how? Because the information you share online will be around for years to come.
Whether you have a continuous flow of income through investments, a retirement plan or simply have enough money in the bank to live off the interest, creating a passive stream of income is one of the first steps to financial independence.
Let compare some pros and cons when it comes to establishing a positive money stream.
There are always systems when it comes to making money, guidelines or step-by-step procedures that must happen in a current chain of events to see returns.
Lacking the knowledge or desire to take any simple design and complete it will ultimately end in loss.
For example, an 18 year old joins the military with all intent of serving 20 years to earn a lifelong retirement plus the benefits that come with serving that amount of time.
Typically the burn out rate for service members is 10 to 12 years but those who make it past will more than likely achieve their retirement goal.
Of course serving in the military today does not come without its risks.
Even the most structured path, with a proven end result does not come without some risks involved.
On the other hand there is the banking system.
Depositing $200 or $300 a month will gain even the slightest amount of interest but not a sustainable income.
However, if you deposited $2 million to $3 million into the bank you would gain a passive income that would suffice for many years depending on your lifestyle you chose to live.
Obtaining that amount of money in the first place is the problem.
The majority of people who build wealth with a constant source of income do not just stumble upon it or have it given to them.
Most follow a structured path with a proven end result.
Having the knowledge to create a source of income that once established, continues to make money for years to come is an amazing thing.
Anyone who has ever made substantial amounts of money has not had every piece of the puzzle in their mind, the difference is they knew where to find the knowledge they sought.
Establishing an endless income could be as easy as writing in a blog online.
People constantly seek information everyday through the internet.
If you have a specific knowledge about a product or service, all you must do is share your knowledge online.
Companies online offer products online for free to people willing to spread the word about them.
With your specific knowledge you can make an indefinite amount of money, how? Because the information you share online will be around for years to come.
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