Let’s talk about passive income, and how it can be so powerful when going through a loss.
By passive income, I mean any income that still comes in, even when your hands are off of it.
I’ll give you some examples towards the end of this video.
So I lost my 3 year old daughter 2 years ago, after she suffered complications from shaken baby syndrome.
At that time, I had no passive income coming in on a consistent basis.
After Christa passed away, my older daughter and I struggled with my husband being away at work for 12 hours at a time. He worked in health care and had no other option but 12 hour shifts where he worked.
We couldn’t wait though. We Needed him home with us as we went through such a traumatic season.
So he had to quit his job.
We had almost no income coming in. We struggled financially.
All we had was a $5,000 life insurance policy on my daughter.
We were trying to live off that and didn’t know what to do.
Eventually it led to us having to move in with a family member in a house too small for all of us.
I knew what passive income was at that time, and I found myself regretting not having it. I don’t want a situation like this to happen to you, which is why I’m speaking up about it and sharing my own story.
I had to move past my regrets and kicking myself for not working to create that income.
I made the decision to start building passive income. I had no idea how, and maybe you’re in that same boat.
I made the decision, and it’s something youll have to do as well, that no matter how hard I had to try and no matter what anyone thought, I was going to start building.
The first thing I tried was building a massage therapy business since I was a LMT.
I quickly found that even after hiring someone to take clients for me so that I didn’t have to be hands on, I still worked very hard to run the business side of things. Dealing with getting clients into the dorr, scheduling and complaints, stuff like that.
It wasn’t truly the passive income that I desired.
I decided to give that business to my employee, and find another way.
I found something called social retail through someone I consider to be a very trusted, wise, mentor.
In short, social retail is selling products online and getting paid for it. It becomes passive income when your customers put in orders for those products. It can also give you passive income when you help others do the same.
It’s very exciting when you make a simple post to social media with a product link, and your phone receives a text that says “this person placed an order through your link”.
Another way my family makes passive income is through 2 books I self published to Amazon and Audible and my husband sells life insurance.
Does it take work to build passive income, yes.
All of these things are in alignment with our Christian values because they all help people in honest ways.
Another thing I want to mention is neither of us have college degrees. You don’t have to have a business degree to create passive income for your family.
So my questions for you are:
Do you have passive income streams?
What would happen if you or your spouse lost your job?
Is there something God is calling you to, but you’re making excuses for why you can’t do it?
If you’re considering starting another income stream, who can help hold you accountable so you don’t quit when it gets hard?
Where can you go online to get training or to learn more about the income stream you want to start?
If you’re interested in any of the 3 income streams that I mentioned, comment “streams” or send a text to 865-456-1501.
I’m here to help you and so is my husband.
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