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There is what we call passive income. Making money without working, without doing anything. It's not a scam, it actually exists and you can get it if you have the strategies to achieve it.
The irony of passive income is that it's not free. You have to pay a price to get it. These are the two prices you have to pay:
1. Time: This is the first one and the most accessible but it requires work. If you want to grow a source of income to a point that it becomes passive, you need to sacrifice your time.
Let's say you build an audience on social media, you have lots of followers and engagement. It must have taken a lot of time and effort to grow the audience and followers. It didn't happen in one day. You must have been building it for months or at least a month or weeks.
Now, your contents have become passive. When you start building the audience at first, it will take lots of time to build it, but once you have followers you don't need to spend too much time posting again.
You can post something now and go do something else and your followers will engage with the post while you're gone. You can even be gone for a day.
Your audience and followers have now become an asset, keeping your account active even when you're not there. Supposing you're selling something to your audience, they can pay for it even when you're away, especially if you automate it.
You can be gone somewhere but you will receive alert even while you're away, best part you can still deliver the product to the sellers even when you're not there. They pay and it gets delivered without your presence. Again, automation!!
2. Money: Another way to get passive income is with money. If you build a business from scratch, it must have taken both time and money to grow the business. Months, sometimes years.
Then you hire employees. when employees work for you, it reduces the time you work on the business. You may not even need to work at all most times.
It was from the time and money you invested in the business that allowed you to hire the employees and free up time.
Another example. Suppose you're doing Forex trading or Football *******. You know you have to analyse the game or the chart before you trade or bet.
What if you found someone that is good in either of them and you say okay, since the person is very good you don't want to stress yourself and be analysing the match or chart. You can just pay the person to do it for you. He gives you Forex signals or the games, you play or trade and make profit.
Please make sure these people are good before joining them. No go cry because of loss!! If you want to venture into these things just make sure you have a lot of capital so that you can absorb the risks in case of losses, and also recover from the losses.
Anytime I post stuff like this make sure you take your pen and jot it down or you screenshot it. Nobody around you will tell you this. It will be difficult for you to stumble on this kind of information.
This is financial wisdom. Financial education. You need to know all these things. Them no de teach am for school 🤔🙎🏼👍🏼
