11/20/2023
Passive Income.
A topic that is slept on.
We all hear it and think āwork more for less time, own something with our name on it, invest in stocksā etc.
I am here to tell you one thing, that is NOT the only form of passive income.
Passive income can also be interest building savings accounts. The type of account where you make a large one time deposit, or several small ones over time to build it up, and then you let it sit until retirement and WORK for you while you sleep.
Here is a simple formula you NEED to understand⦠the higher the savings you put in + the higher the interest on a SAVINGS BUILDING account = the more money you get when withdrawal time comes.
Most of us came from the paycheck to paycheck lifestyle⦠only the top 12% of our population are clearing $500,000 a year.
Money is very hard to understand if you donāt put in the long amounts of hours to learn about it.
The top 12% of people understand that we shouldnāt work for our money⦠our money is supposed to work for US.
Many people using fixed rate bank accounts are receiving between .01 - .1 % interest dividends a year. No idea what I just said? Let me break it down!
Letās say youāre sitting at the .1% (which is generous) ⦠If you put in $100 to your fixed rate (fixed rate = not changing, possibly ever) account⦠within one year, your bank pays you an extra $10.
You saved $100 for your bank to give you $10 for not touching that money for a whole 365 calendar year.
Does that sound like a good reward to you? It shouldnāt! There are MANY better options than leaving ALL of your money in a bank!
There are thousands of options out there for different accounts catered to YOUR plans and goals⦠we just need to find them!
Letās get you an account that has a higher interest return for YOUR money, that is supposed to be working for you, not against you!
If you have zero financial knowledge, or all of the finanical knowledge in the world - I can still be an asset to you! I had zero when I started and now I just only wish I had started ten years ago, when I was 18!
You should never stop finding ways to make your money work better, for YOU! š
Donāt wait any longer, start your journey to finanical freedom with me today!