"Passive Income" is a topic that I fell in love with, around 12 years back. That was the time when I realised that trading off my time for money is not the solution to any of my problems in life.
I wanted time for my family, time for myself, time to think on how can I make this very life extraordinary, time for identifying my own mission in life, and for chasing my mission too. In fact, one needs time for doing everything that is worthwhile in life. And Time was limited per day. And if I was to spend a majority of this time to earn money while doing something that has nothing to do with my passion or mission in life, then, I felt I was wasting my life. Time, I gathered, was the only asset of my life and the only currency of any value . Read this to understand more --> Time is the only Currency
So, I started chasing 'Passive' income rather than 'Active' income. I started reading, and exploring more on this subject around 12 years back. Not only I read, I also tried multiple businesses though I failed in each and every one of them. It was only later that I awakened to the fact that Passive income is the simplest thing to generate in life, though it needs a lot of discipline and commitment.
I understood that one does not need to open up a new business, get a financial degree, or have lots of real estate to generate passive income. One can generate passive income by just investing one's savings the right way...yes, "just" by saving and investing right. Be careful with the word "just" because saving and investing for a few months is one thing but saving and investing regularly for 20 years with discipline is a completely different ball game. The latter utilises the amazing power of compounding.
I understood that one does not need to open up a new business, get a financial degree, or have lots of real estate to generate passive income. One can generate passive income by just investing one's savings the right way...yes, "just" by saving and investing right. Be careful with the word "just" because saving and investing for a few months is one thing but saving and investing regularly for 20 years with discipline is a completely different ball game. The latter utilises the amazing power of compounding.
I went on to create my own plan - a plan to generate enough passive monthly income large enough to be able to quit my job. I called it as my 'Financial Freedom Plan'. I started documenting my learnings during this journey towards financial freedom, converted those learnings into a book by the title "From the Rat Race to Financial Freedom". It went on to become a bestseller, and is currently also among the Top 10 Books on most major online retail portals.
Parallely, I wanted to find more avenues to help people establish their own passive incomes. This book was just one medium to make this society aware of the extraordinary possibilities in life. I started writing blog posts, started writing in magazines and various websites. You can read more about it in the link : Awards and Credentials
That is also where I started answering questions from some of the like minded people at Quora. And after 12 months of resolving some of the real world queries on Quora, the love of my readers followed. I was soon to become the Number 1 Globally Viewed Writer on Passive Income.
That is also where I started answering questions from some of the like minded people at Quora. And after 12 months of resolving some of the real world queries on Quora, the love of my readers followed. I was soon to become the Number 1 Globally Viewed Writer on Passive Income.
While all such love and affection started pouring in from all quarters, by this time I had already launched 2 other books : Happiness Unlimited and Dream On, both of which were on very different topics, but with one common intent - to elevate our lives - which happens to be my mission in life now.
And these 3 things form a deadly combination to elevate our society: Dreams, Freedom and Happiness.
As I continue to make my best efforts to elevate our society, I would need every bit of love from each one of you to make this a grand success and make our society a better place to live in.
And these 3 things form a deadly combination to elevate our society: Dreams, Freedom and Happiness.
As I continue to make my best efforts to elevate our society, I would need every bit of love from each one of you to make this a grand success and make our society a better place to live in.
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The book "From the Rat Race to Financial Freedom" has many such investment concepts explained in a very simple and uncomplicated manner, especially in the Indian context.
Cheers
Manoj Arora
elevate your life...
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Hope a day shall come in near future where schools shall teach children on these fabulous financial literacy concepts on a regular scale. Even some councelling centres for their parents can be opened. Wishing the future generations to be much better than current generation
ReplyDeleteIt will come, my friend. It will. We all will bring the change - slowly but surely.
DeletePeople, like you, who think about the betterment of the future generation are the ones who are God sent to improve the quality of life on this planet.
Cheers
Manoj