Saving Money - Strategies to Kill Off Debt Using Passive Income and Money Management! #655122

Many people think that having passive income is working only a few hours in the early stages and setting up the product, and then the money will flow continuously without any needed effort from our side!

This is not the case even for celebrities and extremely rich and successful people. There will always be a need to exert some kind of effort if you want the money to keep coming in! There are many online marketers and online business owners who claim to travel the world all year round and work only a few hours, if not minutes, per day. What they do not tell you, is that they have a whole team of employees back home doing all their work for them, and usually 24 hours a day. And they only supervise from afar from time to time. You could also do the same, but first, you have to create a successful business, whether online or offline and scale to a level where you can afford to hire assistants without financially harming your business and the quality of your products and its delivery. However, please do not make the mistake that you can hire someone to run the whole business for you. She/he will still be an employee, even if given the position of CEO or Chairman and will not have the same passion and interest you have in your business. Simply stating, the stakes are not high enough for her/him to be as interested and dedicated as you are. That is why most multinationals offer packages to their hired CEOs where they get shares (in bulks) and this will definitely raise the stakes and make them devote themselves to the company. 

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