Making passive income is no easy feat, especially for beginners who may feel that the project could be too demanding for them. Instead of giving up, finding motivation can be of great help. Many famous and successful people leave behind bits of wisdom that you can use to motivate yourself.
What are passive income quotes? Most passive income quotes include phrases and sayings from successful and renowned individuals on the importance and benefits of saving money, making sound financial decisions, and having a passive income stream.
The article considers some of the most uplifting passive income quotes from successful people. Beginners and other passive income entrepreneurs face challenging situations that can be quite demotivating. It is important to remain motivated, persistent, and patient and reading a few quotes regularly can be a good starting point. Learn more about passive income on our site.
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“If you do not find a way to make money while you sleep, you will work until you die.”
“You can only be financially free when your passive income exceeds your expenses.”
The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.
The key is to work extremely hard for a short period of time (1-5 years), create abundant wealth, and then make money work hard for you through wise investments that yield a passive income for life.
Residual income is passive income that comes in every month whether you show up or not. It’s when you no longer get paid on your personal efforts alone, but you get paid on the efforts of hundreds or even thousands of others and on the efforts of your money! It’s one of the keys to financial freedom and time freedom.
Some people want it to happen. Some wish it would happen. Others make it happen.
The best time, to plant a tree was 20 years ago. The second best time is today.
I remember saying to my mentor, “If I had more money, I would have a better plan.”. He quickly responded, “I would suggest that if you had a better plan, you would have more money.”. You see, it’s not the amount that counts; it’s the plan that counts.
To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.
He who makes $25,000 annually through passive income is more enviable than he who earns $100,000 annually through a salary.
The greater the passive income you can build, the freer you will become.
You cannot have a million-dollar dream with a minimum wage work ethic.
Don’t work your way up, work your way out!
Financial independence is all about having more choices.
The greater the passive income you can build, the freer you will become.
My favourite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.
Your economic security does not lie in your job; it lies in your power to produce – to think, to learn, to create, to adapt. That’s true financial independence. It’s not having wealth; it’s having the power to produce wealth.
It’s not about the action you offer, it’s about the alignment with the dream. It’s about alignment with the real resource.
Work smarter, not harder
You have already created it.
You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people cannot take their eyes off you.
Never stand begging for that which you have the power to earn.
Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.
There are no secrets to success. It is the result of preparation, hard work, and learning from failure.
Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Money has the power to buy you things. But a much bigger power of money is in generating more money for you. Those who are able to manifest the latter, are never short of it.
Rich people choose to get paid based on results. Poor people choose to get paid based on time.
Each quote shares an idea on how you can make the most of your time, money, skill, and experience to help build passive income streams. Creating and managing a passive income stream (or multiple streams of passive income) requires motivation. We only hope that some of these quotes can give you that extra boost to keep you going despite your situation. Watch the videos below if you feel like to still need some more motivation.
If you are considering starting a passive income stream, you might find some of these quotes to be very inspiring. If you are going through a difficult situation concerning your passive income venture, you might find some motivation asking you to persevere, think, and create lasting solutions for your challenges. Best of luck in achieving your passive income dreams!
Related Questions
How can I stay motivated when building passive income? You can start by reading some motivational quotes and sayings. Motivation is personal. What you might find motivating may not exactly be the same for another. It is important to search for motivation within you (intrinsic motivation) instead of expecting it to come from the outside.
Does creating a passive income source require motivation? Every business idea (including passive income ideas) requires you to remain motivated if you want to succeed. Running a business is quite demanding. Motivation helps you to build character and to overcome challenges.
Where can I get motivational quotes for my business? You can find quotes online, from your mentor, from books, online or sometimes in the most unlikely of places. Be willing to listen to those who have achieved the dreams you aspire for and you may hear nuggets of wisdom and motivation.