Massive Wealth Building With Passive Income

Passive income is a way by which someone makes money without constantly having to work to get it. With a typical 9-5 job you are paid for the hours you work, I you don’t work you don’t get paid. With passive income you have the possibility of making money 24 hours a day and 7 days a week. With passive income you can be making money even while you are asleep. The key to building wealth is to get as many sources of passive income as you can.

The way to build wealth is simple. The more sources of passive income you have, the more money you will make and the end result is massive wealth building.

No one can hope to get financial freedom by only having a 9-5 job. A job should be something that is only temporary and a stepping stone to creating your financial freedom.

Accumulation of Assets

The Key is to find a strategy that works and then keep duplicating it. In real estate it is not likely that you will achieve massive wealth by having only one rental property. Think of successful real estate investors like Robert Kiyoaski, Donald Trump and Robert Allen. They built and continue to build massive wealth by having many rental properties and living off the cashflow.

As another example, you will not build wealth by flipping (buying and quickly selling for a profit) one house or one website. The key is to do this over and over again. Learn to see the big picture in the game of wealth building. The $1 you make today from your passive income efforts today can be duplicated 100 times over and earn you $100 per day. Duplicate that process 100 times over and you will be up to $10,000 per day.

Never Give up – Believe in Yourself

You can expect to go have some challenges on your way to being financially independent. I have lost close to $100,000 in the stock market and I’m barely 30. So I speak from experience when I tell you that the journey will have some ups and downs. I have lost a lot of money, but by being patient and persistent, I have also made a lot of money.

I am passionate about making passive income so I don’t let fear stop me from trying. Try to think of the challenges as opportunities to learn, and as a growing experience. Learn from your experiences both good and bad. Use these experiences to help you figure out what works and what does not work.

The road to building wealth is not a sprint. Slow and steady is the way to success. Believe in yourself and never give up.

Dale Poyser has been investing for over a decade and has done meticulous research on how to build wealth. His primary focus is on strategies that can create low risk residual streams of income.

Not only does Dale personally practice the methods he writes about, he has also coached many others in these methods to show how easy it is to make money with passive residual streams of income. You can read more about Dale’s strategies at http://bestresidualincomestrategies.com/