Skip to main content

There is NO such thing as Passive Income !?



21st century personal finance is moving away from saving and focus into the income arena. In short, the gurus are now educating public that saving is NOT good enough, hence sourcing for passive incomes on the another hand is a BETTER solution, than just saving alone.


While the concept is definitely true and correct but unfortunately as the hypes go bigger and bigger, the idea of passive income has been abused and more scams started to appear in the market, as if they were the gurus as well. Except the 'passive income' they refer to is barely promoting their own original same old products. The personal finance market has become so competitive that even some real gurus have no choice but to go beyond the line in their marketing effort - Robert Kiyosaki is no exception in spreading "Saving is bad".


Although passive income is very well defined here using income ratio 1:100 but is there really such thing as Passive income ? When I looked up dictionary, these words come up


PASSIVE : not participating, inactive, not reacting, inert or quiescent.


None of these words correctly describe a well implemented passive income. I use my best judgement to find a good location, a value property and a pay master tenant. I setup a profit take target and an exit strategy in my investments before I leave and let them auto pilot. All of these are very participating, actively applying my knowledge and experience, reacting appropriately when necessary etc.


The word "Passive" also gives people a psychology of No Need To Do Anything; As if an easy to get rich scheme with a better cover.


Hence this article wants to pursue all readers to stay away from the term Passive Income. Its negative, misleading and now abusive by the over-stress marketing effect. Instead, think of Smart Income !


There is no hard and fast rules for Smart Income. Any income can be earned the regular way or the Smart way !




An employee can use minimum of his time effectively to earn the highest salary or benefits. A self employ can easily leverage on Internet to earn income repeatedly. A business owner can employ a system to run his business. An investor can setup an autopilot mechanism.


So no matter which income quadrant you are in, it is possible for you to turn that income into a smart one. Its a matter of HOW you earn your income, NOT WHAT you do.


Are you pursuing smart income ?

Comments

Popular posts from this blog

Cara Membuat Salad Buah Segar Yang Enak dan Praktis

Cara Membuat Salad Buah - Assalamualaikum Bu Ibu, yang seger-seger numpang lewat ya. Hayoo siapa sih yang bisa menolak kelezatan dari salad buah ini? Terbuat dari buah-buahan segar seperti strawberry, kiwi, melon, kelengkeng, naga merah, semangka dan pepaya yang dipadu dengan dressing yang creamy pasti mantul banget kan. Apa lagi jika dinikmati selagi dingin, endeus! Cara membuat salad buah yang enak dan segar tentu saja cukup mudah. Bahan-bahan yang digunakan juga terjangkau dan mudah ditemui dimana-mana. Selain buah yang sudah saya sebutkan di atas, Anda juga bisa menggunakan buah lainnya sesuai selera. Namun untuk saus atau cream yang akan menemani potongan buah tersebut harus tepat. Tidak boleh terlalu asam, terlalu manis dan juga jangan terlalu gurih. Pokoknya harus pas manis asam dan gurihnya, agar salad buat yang Anda buat enak dan tidak bikin eneg saat dimakan.  Tips sukses membuat saus salad buah yang segar dan tidak eneg adalah gunakan yoghurt plain. Kenapa? ...

New Sabah Property : HOT !

Famous Feng Shui sifu said that new sabah property is going to continue to be HOT for the next 20 years. As a matter of fact, he refers to both Sabah and Sarawak. Some may have already seen that properties development have been on the rise in East Malaysia for some time now especially in Kota Kinabalu, capital of Sabah. Although there have been critics that such a trend has no sustainable growth and therefore they considered it a bubble rather than a living standard up scale. However it doesn't really matter how right they may be or how noble you are, the market doesn't really care. If it continues to have more buyers than sellers then the price will continue to trend up, despite anything else i.e. no one actually utilize those properties. It shouldn't be too hard to understand the rise. First of all, Borneo is an island. Island has limited land. So 'eventually' the price of land will rise. Its been proven in Japan, Hong Kong Island, Singapore and even Aust...

Find out Your Life Purpose in 5 minutes !

Answer these 5 questions Who are you ? What do you love to do ? Who you do that for ? Is it their Need or Want ? How would they change from what you do ? Example:   I write personal finance articles so that anyone can be richer everyday I sell salt lamps so that Asthmatic people can sleep better at nights I drive all the business men in London so that they are always on time I write philosophical topics so online readers can have an inner peace stronger mind. Please write down yours in comments below ~