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After (2019)
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"Passive Income Ideas: 101 Passive Income Ideas Under $1000." ๐๐๐
by Frank Coles
"The key to financial freedom is not more income; it's more streams."
7 Lessons from "Passive Income Ideas: 101 Passive Income Ideas Under $1000," by Frank Coles:
1. Understand Passive Income
Coles defines passive income as earnings that require little to no ongoing effort after the initial setup. This understanding is crucial for identifying viable opportunities that align with your lifestyle and financial goals.
2. Start Small
The book emphasizes that you donโt need a large sum of money to begin generating passive income. Many ideas presented can be started with less than $1,000, making it accessible for individuals at various financial stages.
3. Diversify Income Streams
Coles encourages readers to explore multiple passive income streams. By diversifying, you can reduce risk and increase overall earnings potential, ensuring that you are not reliant on a single source of income.
4. Leverage Digital Platforms
Many of the ideas in the book involve utilizing digital platforms, such as creating online courses, writing eBooks, or affiliate marketing. These avenues can reach a wide audience and often require minimal ongoing effort once established.
5. Invest in Real Estate
Coles discusses the potential of real estate investments, such as rental properties or real estate crowdfunding. These options can provide steady passive income, although they may require some initial research and management.
6. Create and Sell Digital Products
The author highlights the benefits of creating digital products, such as printables, stock photos, or software. Once created, these products can be sold repeatedly with little additional effort, making them a great source of passive income.
7. Monitor and Adjust Your Strategies
Coles stresses the importance of regularly reviewing your passive income strategies. Monitoring performance and making adjustments as needed can help optimize your income streams and ensure they continue to meet your financial goals.
These lessons serves as a practical guide for anyone looking to build wealth through passive income. By applying these lessons, readers can take actionable steps toward financial independence and create a sustainable income with minimal ongoing effort.
...
by Frank Coles
"The key to financial freedom is not more income; it's more streams."
7 Lessons from "Passive Income Ideas: 101 Passive Income Ideas Under $1000," by Frank Coles:
1. Understand Passive Income
Coles defines passive income as earnings that require little to no ongoing effort after the initial setup. This understanding is crucial for identifying viable opportunities that align with your lifestyle and financial goals.
2. Start Small
The book emphasizes that you donโt need a large sum of money to begin generating passive income. Many ideas presented can be started with less than $1,000, making it accessible for individuals at various financial stages.
3. Diversify Income Streams
Coles encourages readers to explore multiple passive income streams. By diversifying, you can reduce risk and increase overall earnings potential, ensuring that you are not reliant on a single source of income.
4. Leverage Digital Platforms
Many of the ideas in the book involve utilizing digital platforms, such as creating online courses, writing eBooks, or affiliate marketing. These avenues can reach a wide audience and often require minimal ongoing effort once established.
5. Invest in Real Estate
Coles discusses the potential of real estate investments, such as rental properties or real estate crowdfunding. These options can provide steady passive income, although they may require some initial research and management.
6. Create and Sell Digital Products
The author highlights the benefits of creating digital products, such as printables, stock photos, or software. Once created, these products can be sold repeatedly with little additional effort, making them a great source of passive income.
7. Monitor and Adjust Your Strategies
Coles stresses the importance of regularly reviewing your passive income strategies. Monitoring performance and making adjustments as needed can help optimize your income streams and ensure they continue to meet your financial goals.
These lessons serves as a practical guide for anyone looking to build wealth through passive income. By applying these lessons, readers can take actionable steps toward financial independence and create a sustainable income with minimal ongoing effort.
...
The 20 main differences between winners and losers. Which side are you on?
๐1. Winners focus on the solution.
Losers focus on the problem.
๐2. Winners take responsibility.
Losers blame others.
๐3. Winners find opportunity crisis.
The losers complain about the crisis.
๐4. Winners enjoy the present and learn from the past.
Losers live in the past.
๐5. Winners make a decision and stick to it no matter what.
Losers promise but never deliver.
๐6. Winners think about how they can achieve this.
Losers ask for forgiveness.
๐7. Winners Emphasize personal development.
Losers neglect personal development.
๐8. Winners face their fear and embrace it, jump over it and move on.
Losers live in their own fears.
๐9. Winners are constantly expanding their comfort zone.
Losers stay in their comfort zone.
๐10. Winners are constantly on the move.
Losers refrain from action, they lack consistency.
๐11. Winners learn from their failures.
Losers fear failure and shun it no matter what.
๐12. Winners try different strategies when they don't get the results they wanted.
Losers do the same thing over and over again expecting different results.
๐13. Winners set goals.
Losers lack purpose.
๐14. The winners are planning.
Losers don't like to have plans.
๐15. Winners believe there are always things to learn.
Losers consider themselves experts, yet they know little.
๐16. Winners are humble.
Losers are selfish.
๐17. Winners continue to hone their skills every day without concessions.
Losers create little effort by honing their abilities.
๐18. Winners work hard.
Losers avoid work.
๐19. Winners give their all to the goals they decide to achieve.
The losers do everything halfway.
๐20. Winners make good use of their time and indulge in activities that will lead them to achieve their goals.
Losers lack time management, indulge in activities like playing games, watching endless replays.
๐1. Winners focus on the solution.
Losers focus on the problem.
๐2. Winners take responsibility.
Losers blame others.
๐3. Winners find opportunity crisis.
The losers complain about the crisis.
๐4. Winners enjoy the present and learn from the past.
Losers live in the past.
๐5. Winners make a decision and stick to it no matter what.
Losers promise but never deliver.
๐6. Winners think about how they can achieve this.
Losers ask for forgiveness.
๐7. Winners Emphasize personal development.
Losers neglect personal development.
๐8. Winners face their fear and embrace it, jump over it and move on.
Losers live in their own fears.
๐9. Winners are constantly expanding their comfort zone.
Losers stay in their comfort zone.
๐10. Winners are constantly on the move.
Losers refrain from action, they lack consistency.
๐11. Winners learn from their failures.
Losers fear failure and shun it no matter what.
๐12. Winners try different strategies when they don't get the results they wanted.
Losers do the same thing over and over again expecting different results.
๐13. Winners set goals.
Losers lack purpose.
๐14. The winners are planning.
Losers don't like to have plans.
๐15. Winners believe there are always things to learn.
Losers consider themselves experts, yet they know little.
๐16. Winners are humble.
Losers are selfish.
๐17. Winners continue to hone their skills every day without concessions.
Losers create little effort by honing their abilities.
๐18. Winners work hard.
Losers avoid work.
๐19. Winners give their all to the goals they decide to achieve.
The losers do everything halfway.
๐20. Winners make good use of their time and indulge in activities that will lead them to achieve their goals.
Losers lack time management, indulge in activities like playing games, watching endless replays.
โ The scariest monsters are the ones that lurk within our souls. โ
โ Edgar Allan Poe
โ Edgar Allan Poe
๐ How to find your business idea
๐ If you look at top entrepreneurs and simply successful people, they all unanimously say that they donโt work, but do what they love.
๐ ฮRemember what you love to do and think about how you can make a profit from it.
๐ Donโt be afraid to fantasize and combine ideas of your talents and achievements. It is important that your favorite activity is related to the giving of some value, and not to consumption.
๐ Itโs not enough to create something, you also need to sell it. Here lies the important point that your favorite business must be in demand by the market.โโ
๐ If you look at top entrepreneurs and simply successful people, they all unanimously say that they donโt work, but do what they love.
๐ ฮRemember what you love to do and think about how you can make a profit from it.
๐ Donโt be afraid to fantasize and combine ideas of your talents and achievements. It is important that your favorite activity is related to the giving of some value, and not to consumption.
๐ Itโs not enough to create something, you also need to sell it. Here lies the important point that your favorite business must be in demand by the market.โโ
Attempt 1 - Failed.
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I'm not stopping, so why are you?
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I'm not stopping, so why are you?
๐ต Basic rules of money:
โข Make a plan and set goals.
โข Pay yourself first.
โข Spend less than you earn
โข Create at least 2 sources of income
โข Learn to earn part of your income passively
โข Learn to invest
โข Don't put money above everything else.
โข Learn a skill to make your money work for you
๐ญ Either you control your money or the lack of it controls you.
โข Make a plan and set goals.
โข Pay yourself first.
โข Spend less than you earn
โข Create at least 2 sources of income
โข Learn to earn part of your income passively
โข Learn to invest
โข Don't put money above everything else.
โข Learn a skill to make your money work for you
๐ญ Either you control your money or the lack of it controls you.
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