Stop Trading your Time for Money

Av | juni 28, 2019

There are many different ways that you can make money online. The
the model that I have chosen for a full-time income online is a passive income model. A passive income model means that you set up something once and then do a little work to maintain it and earn money passively.

What is the alternative to passive income? Well, it is trading your time for money known as “active income”. If you have a job at the moment when you are trading your time for money. If you are an online freelancer and you write content, design websites or write code for applications then you are trading your time for money.

We all have the same amount of time each day. With active income you can only earn as much as the time you are willing to put in. If you are an online freelancer and you can’t work for a few days then you will not earn any money for that period.

You cannot gain more time so your ability to earn more money with an active income model is extremely limited. There are things that you can do to use your time more efficiently and squeeze more productivity out of your time but these will not increase your earning by a large margin.

Make Money while you Sleep

When you adopt a passive income model you can literally make money while you sleep. Imagine spending a few minutes or even a couple of hours on a passive income task and then waking up the next day with hundreds of dollars more in your bank account!

With the active income, you are working on a one on one basis. There is one employer who pays your wages. You earn money as a freelancer on a customer by customer basis. With passive income, you will be connecting with many people at the same time, and for all those that make a purchase, you will make money.

While it is easier to earn good money with an active income model faster, in the long run, a passive income model will always have the capacity to overtake regular active income with very little work.

Passive income models can bring results pretty fast as well.

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