Describe the grassroots level and uniqueness of passive income.
Grassroots level of passive income :
The idea is that when you try to train, your time for Equity is a vengeance. The Equity you’re gaining will provide you with that passive income over the long term. As they’re saying, this method should be used to replace your earned income, and it’s more ideally suited to people who are willing to sacrifice it if they are honest; this is probably the most complicated way to generate income, but it’s also the most rewarding. It’s been the very thing that catapulted their success. If they can share a little bit of their journey going back to when they started, they had a perfect business. They lost that business, and you know they have made all the mistakes and had to go back to the grassroots level.
If they mean I was sleeping on the floor of an apartment in the States, they were living, you know, hand-to-mouth; it was an adamant time, and one of the things That they decided to do is decided to go to business. Offer their services to them and say, son, listen, don’t pay me anything, but if they can produce x y&z for you, they would like an equity stake; they don’t care if it’s 1%. I like it if it’s 2%; they don’t care. If it’s 3%, the idea is they will import what they know and their effort and the advantages.
If they can bring to it for business in exchange for Equity, that’s what they did. They also gained Equity and some excellent companies, which was the thing that catapulted them to success as soon as they decided to trade their time for Equity.
Particular passive income :
If they suddenly had assets that changed everything, you often hear people saying they don’t have money. So how can they create passive income if they don’t have a product to create rights? How can they do something? Everybody has something unique to offer, and if you can figure out what that special is. It can be an advantage to businesses, then you can go the equity route, and you don’t even need to think very big you don’t need to think multinational corporate.
If you can go to your local business as an example, and there’s a crowd and their delay, they’re going around to businesses, and they say they listen, they’re going to help you market your business. They’re going to help you bring in customers and don’t want you to pass anything right other than a commission like who’s going to say no to extra business right and these people doing this in design and marketing, these people even doing this in accounting and law and there are so many aspects. They mean that one of my cousins is a senior partner in a giant law firm, and for the last 20 years, he has done away with taking a salary. He said they wanted Equity in the law firm and then took it one step further, and when he was consulting for clients, he’d say, listen, their average rate is they’d say three thousand ran an hour pay me 500 bucks an hour. But give you an equity stake, and because he’s going to equities, thank in some of the biggest multinational companies in the world and all for simply importing his knowledge. So they will say upfront this is the most challenging route to generating passive income, but it is by far the most rewarding.