How to Generate Passive Income
Real Estate appreciation skyrockets your Net worth, but passive income skyrockets your Lifestyle.
As a business owner your first goal should be to earn massive income from your business. Once you have plenty of income flowing from your business you need to invest that income in assets which generate passive income for you.
A good business coach can guide you to invest in passive income generating assets.
How is your life going to change if you don't have to get up every day and work to earn money and pay the bills?
How is your life going to change if you are getting double the amount of money you need for all your expenses every month in your bank account?
Work if you want to not because you have to!!
Three years ago, I met a gentleman in Delhi. He had properties worth 500 crore but illiquid. His account got NPA just because of Rs 3 crores requirement and he couldn’t borrow any more because of bad CIBIL score.
Real Estate or any other asset should be generating passive income for you every month.
Think about other passive income generating sources like affiliates, digital content, ebooks, etc.
It's high time that you start planning your passive income which should ideally be more than your monthly expenses so that you are not dependent on your job or business anymore.
Suresh Mansharamani is the best business coach in India and has helped thousands of business owners to invest in passive income generating assets.
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