Dear protégé, within the core of your subconscious, this formula operates quietly: go to school, get a good grade, find a good job, and earn a mouth-watering salary! Right? Yes! But, look across the world, how many rich person do you see thriving on mouth-watering salary? Rarely! In fact, there is a culture among the rich these days known as the one-dollar-salary. Zuckerberg, Trump, Elon Musk, Larry Page, and many others earn one dollar per annum salary.
Wow! It’s so liberating when money does not determine your daily work. When your focus is not on salary, the channels to earn unlimited income are kicked open. Salary is known as a form of active income, here you sweat to earn money. But when your money sweat daily to earn you more money, that’s a form of passive income. When your reproduced intellectual property earns you more money, that’s a form of passive income. When you earn royalty on your invention or creativity, that’s another form of passive income.
In the multiples of dividends, interests, royalties, and returns lie the secret of riches and financial freedom. Until all expenses are sustainably paid from the passive income, one is not yet rich. But how do you get to that point? See if you have the gut to embrace the following:
- Save up and move active income into long term viable investments for generating passive income.
- Develop a unique product with intellectual raw materials that can be reproduced continuously for mass supply.
- Invent a unique program or system that is necessary for manufacturing essential products.
Seek to save up, develop, and invent as mentioned above. "He who seeks shall find!…" It may take you a while, but you must think and work on these things daily with passion and insistence.
Finally dear protégé, focus on giving! Those Billionaires on one-dollar-salary do so in order to retain their volition to pay taxes in form of donation to charitable endeavors. It fulfils them to give to social security and Medicare, rather than an undefined government treasury. This they do with pleasure from compensations and other passive incomes.
With a sound purpose at its base, riches flow to those who will truthfully use it for the good of mankind. So, go to work dear protégé! Think, produce, and sell! Then pay all expenses from your passive income. Take steps to become rich. I know you can!
I will see you at the top!
Go to the Blog Page
13 Oko-awo Close Victoria island Lagos.
Terra Kulture Gallery
Plot 1376, Tiamiyu Savage Street, Victoria island Lagos.
Bible Wonderland Bookshop
33 Funsho Williams Avenue, Surulere (by National Stadium) Lagos.
15, Ojuelegba Road, Surulere Lagos.
Km 9, Idiroko Road, Benja Bus Stop, Ota, Ogun State.
University of Ibadan.
Men of Issachar Bookshop, Ojoo, Ibadan.
Enquiries: +234 8186645015 | +234 8063594962
Greatness starts from knowing what to do and doing it!
Visit the Blog Page