Everyone wants to earn money. If you’re not currently earning money, you desire to start. If you are already earning, you aim to earn more.
There are basically two ways to earn money: active and passive. Active income is earned when you provide a service for a specified period on particular days set by your employer. Working regularly for a company generates active income.
Passive income, on the other hand, is not time-bound. This means you don’t have to work at fixed hours every day; you can work whenever you choose. For example, if you develop software at your own pace and list it on an online marketplace, you earn money whenever someone purchases it. This is passive income.
There are other avenues for passive income, such as depositing a certain amount of money in the bank to earn monthly interest or investing in the stock market for the long term to receive dividends, among others.
To achieve financial freedom, it is essential to increase your passive income. Numerous passive income ideas are available if you search online. However, a common factor among all of them is investment. To boost your passive income, you need to invest. Whether learning a new skill, which requires an investment of time and money, or entering the stock market, which requires monetary investment, investment is crucial.
The issue is that many of us have an indifferent attitude towards investment. We need to overcome this mindset if we truly desire financial freedom.
You must believe that investment is not an expense or a waste.
You either gain a profit or acquire knowledge and experience. To help cultivate this mindset, there is a game called Cashflow Classic, created by Robert Kiyosaki, the author of the renowned book “Rich Dad Poor Dad.” You’ve probably heard of this book if you’re interested in financial freedom.
This game is similar to Monopoly, but instead of buying properties, you calculate how much to invest with your available income and decide whether to take loans. Poor investment choices can lead to bankruptcy.
This game is entirely free. So, sign up and start playing.
Tip: Play numerous solo games before playing with others.
This game will help you develop the habit of calculated investment.
Enjoy!
