Make money and do nothing

Step 2: Find your path to riches.

Step 3: Own equity. Lists like this one from Pop Sugar that encourages you to write a blog, create an app, create YouTube videos, etc.

This involves laying a foundation to help you work or invest resources now to make residual income later. So, you might do some work to get things set up but then you can sit back and enjoy the passive income stream you created for yourself.

Make money and do nothing series of articles is going to talk about foundational principles of wealth creation, and the mindset you need to walk the path. The best founders I know, they listen [to] and read everyone.

However, for millions of people, this is how money is acquired each and every day. Although putting in the time to earn a salary at a full- or part-time gig is the norm, there are other ways to produce money. Enter passive income streams, stage left. Passive income is the concept of generating earnings or income for yourself that requires little to no work on your part.

But then they ignore everybody. And make money and do nothing make up their own mind. What I want to focus on are the principles of wealth creation.

Invest Your Money and Get Paid for Doing Nothing

And those are adaptable to your circumstance. How much money do you need to be wealthy? Freedom is the goal.

And that number is mostly up to you. One other note before we get into how to make money starting with nothing. The journey of creating generational wealth will be easier if you are rich in other ways: in love, health, and support.

I am fortunate to have a wife that loves me unconditionally, and a family that supports me always. I am healthy in both body and mind.

How to Make Money Starting with Nothing — Wealest

These will help in a very specific way: stamina. Most people who start with nothing want to be wealthy.

Make Money Online [DOING NOTHING] Results And Update (Azha Trader)

This warps their view of money and those who have it in the process. Suddenly, the accumulation of wealth is something to be scorned, not celebrated.

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I grappled with this dissonance myself. Any time you make a public commitment, you leverage commitment and consistency tendency.

Naval Ravikant talks about leveraging this bias before he started his first company. When he was an employee, he would go around the office telling everyone who would listen that one day he was going to leave to start his own business.

Ways to Make Money Doing Nothing | POPSUGAR Smart Living UK

After some months past, co-workers kept asking him why he was still there. This spurred Naval to leave and actually do it.

If you need some help getting specific about why you want to be wealthy, take 10 minutes and write out answers to these 5 questions below. Question 1: What does it mean to you to be wealthy?

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This is important because your answer to this question is going to frame your entire journey. It could be a dollar figure, or a lifestyle like doo in binary options from homeor working a job you love.

It's basically money you earn consistently without doing much or even anything at all.

Question 2: Why do you want to pursue it? Is it freedom of time?

Freedom from work? Question 3: What do you want your life to look like?

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Picture your perfect day. Try to visualize it clearly.

Do you exercise? Sip a cup of coffee? Take the dog out for a walk?

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Let your mind wander and write out your perfect 24 hours including how much sleep you get. This question is all about inverting the problem. What are you most afraid of?

Define your fears in vivid detail so they are no longer an abstraction. Once they are clear in your mind, ask yourself how likely it is that these worst-case scenarios come to pass. I prefer to plan in 1, 3, 5, and year chunks.

1. Get cash back on credit cards.

This gives me near term objectives that are building towards the larger, year goal. Keep these timelines in the back of your mind as you go to work each day. If you wrote out your answer to each of these questions, congratulate yourself.