When you trade time for money, your income will always be limited. To earn passive income you must stop selling your time for money.
Passive Income
Passive income is money you earn in a way that requires little to no daily effort to maintain. It creates stability, security, and freedom in your financial life. True passive income earns you money around the clock.
There are many pathways to avoid trading time for money or selling your time for money.
Selling something for money without using your labor, or trading time for money is the skill you should master for financial freedom.
Often the stock market is mentioned as a panacea for trading time for money. But unfortunately, the skills required to succeed in the stock market are beyond the grasp of most people.
Many people play the lottery out of desperation in hope of striking it big. But in the final analysis, when the math is done, the losses always outweigh the wins for most people.
Employees fall into the trap of selling time for money and are often stuck in a building all day. Even freelancers have the same problem but instead of ‘one boss’ freelancers answer to several.
Understanding the viable alternatives that will eliminate trading time for money is what we will cover next.
Renewable Resource
A renewable resource is one that can be used repeatedly and does not run out because it is naturally replaced.
Time is not a renewable resource. You can never get it back!
When you trade an hour for labor, let’s say packing boxes, you will never get that time back! In addition you are essentially stuck because physically you can’t do anything else.
Is Passive Income Possible?
Some have become so jaded they are even claiming that passive income is a myth (or a lie). Having earned passive income for decades I can tell you that it is not a myth.
I believe that ‘multiple streams of income’ is the real solution that these weary critics have missed.
In life, most things ebb and flow just like the ocean. That is why it makes sense to have several, low risk, income streams set in motion.
This does 3 important things:
1) It eliminates the stress and anxiety of fretting about one income source (like a job).
2) It allows you to ‘ride’ the ebb and flow. One stream may ebb while two others will flow.
3) It gives you a way to reasonably predict what your profit will be from one month to the next.
Long before investing thousands of dollars in the stock market, or real estate, you may want to examine the profit available in a Single Operated Newsletter.
3 Powerful Benefits of Single Operated Newsletters Include:
- You communicate directly with your clients without any 3rd party social media platform interference.
- You are paid directly.
- Your communications can be scheduled thus allowing you passive income streams.
This rise of the single-operator newsletter is given to the fact that there is now technology available that will allow anyone, no matter their technical background, to distribute their mass emails.
What is a Single Operated Newsletter?
For a long time, emails had two primary functions:
1) direct peer-to-peer messaging (your friend emails you a funny link or life update) or business transactions (a brand solicits your
2) patronage; a publisher sends you something to read.
But in recent years, the Single Operated Newsletter has gained momentum. This is where an individual can run a mass-distributed email earning income to create a freedom lifestyle. This can be done even if said person is not a writer or author.
Charging readers for subscriptions — rather than advertisers for pageviews — is also in line with a more general shift in digital content. After the clickbait boom that incentivized publishers to prize the volume of their traffic above all, people are realizing that thoughtful content and careful research are valuable in the marketplace. And if you have compelling content (this is where PaidLetter.Com enters the picture) you can work for yourself.
The greatest benefit of email to publishers may well be what made it great in the first place:
Direct contact.
Inbox placement doesn’t rely on upvotes or shares or some inscrutable third-party algorithm.
All that matters is how recently a message arrived and whether the recipient trusts the sender.
Understanding the Power of Transformation!
One of the biggest leverage points is learning how to offer your reader a transformation. This is how you attract a large list of subscribers willing to pay significant amounts of money.
But even on the lower end using our proprietary process you can discover how to leverage a modest monthly subscription fee.
Your subscribers can grow to thousands or tens of thousands. And your paidletter programs can deliver wonderful revenue. Even one-thousand subscribers at $10/month will kick you into the 6-figure income bracket!
Remember, if your business can not run WITHOUT you it’s a JOB, not a business!
