I love Bo Sanchez’s Soulfood Newsletter. It’s one of the reasons why I get excited for Mondays. 😀
In his post entitled Duplicate Yourself to Duplicate Your Income, he discussed duplication through creating a passive income. And there are 2 ways to create passive income: by forming teams and using technology.
I increase my income by having part time jobs in other schools. I admit it’s really stressful and time consuming, especially because the other school is located several kilometers away. Too much time is wasted in travelling to and from the other school. But as of now, it really helps in augmenting my income. I need the extra money so I can support my brother’s nursing education at Davao Doctor’s Hospital.
I’m currently experimenting on ways I can create passive income. I know that as of now, I still need multiple active income streams so I can have money to invest in passive income.
I believe one day I will be writing a post on “How I was able to successfully build my passive income.” or “How I Made Retiring at 40 Possible” Exciting! 🙂