Passive Income - Does It Actually Work?
Everybody loves the idea of passive income. Earning money while doing nothing sounds great, right? But let’s be real—unless you're already rich, passive income isn't going to be substantial right off the bat.
The Truth About Passive Income
I used to be obsessed with the idea of earning passively, and I still think it's a cool concept. But I've realized something important: while I'm young, I need to focus on active income. Take YouTube for example, yes it will pay me money even if I don't make videos for a little while, but if I don't do it for a year or more, that 'passive' income will just disappear, so it's actually more active than passive.
Why Focus on Active Income First?
Right now, I've got energy, fewer responsibilities, and time on my side. This is the golden window for earning actively—putting in the work, learning, and pushing my limits.
My Plan to Build Wealth
Here’s how I'm planning to turn my active efforts into future passive income:
Grow My Businesses: I’m all about expanding what I’m doing right now, making my operations as efficient as they can be, and pushing revenue to its peak. One of my biggest focus in this regard is my very soon to launch Smart Money Club.
Invest Wisely: I’m not just making money; I’m putting it to work. I invest mostly into ETF's, Real Estate & Bitcoin, this gives me enough diversification with great long-term capital appreciation prospects.
Plan for the Future: As I get older, I want to shift gears. I’ll use the income from these investments to take care of me and my family, so we can enjoy our time together without financial stress.
Let’s Get Real
Jumping straight into passive income is like skipping the building blocks. You need a solid foundation first—that’s your active income. Get that right, and then you can start thinking about earning passively.
It’s all about setting things up now so you can kick back a bit more later on.
Cheers,
Kai
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