Last week I started a new routine. Every morning after my Power Hour (see last week’s post) and morning routine, I take my son, Ethan, a walk around the neighborhood. Of course, he is too young to walk but instead of putting him in the stroller, I decided to carry him instead. He is getting heavier everyday but I love the hugging because it builds the father son bond. Plus, it is a great workout! Try holding onto 16 pounds for over half an hour nonstop! haha…
We walk around the neighborhood and we go to this park around my house and it’s just great to enjoy the simple things in life; to be around nature and to be hugging and talking to my son. I talk to Ethan as much as possible on my trips because I read in “Brain Rules for Babies” that it is critical to talk to your baby at least 2,000 words an hour in order for his brain to develop fast. Anyway, I’m sure Ethan is absorbing it all and learning on every trip that we take.
On every one of these walks, I have a tremendous feeling of gratitude. Not only because I have a healthy son but also because I GET TO DO THIS EVERYDAY. While other dads are working at the offices, I get to take time during the day to spend special daddy/son moments any time I want.
It was only a few years ago, that at these “working hours”, I would be stuck in an office from 8am to 6pm with only an hour lunch break to grab a bite and go outside “to catch some sunshine.” Now, I can do it anytime.
What is Passive Income
Which brings me to the subject of what passive income is. (some people use the term residual income instead but they mean the same thing)
Passive income is an income received on a regular basis, with little effort required to maintain it. (source: Wikipedia)
I first learned about passive income in 2002 after reading the best selling book, Rich Dad Poor Dad. After learning about what the wealthy do and how they always have the money and time to do the things they want, I decided to start a small part time business and work for myself. Years later, I have generated a good weekly passive income from my home business.
The benefits of passive income are obvious. You get more time in your life because even if you are not working, you still get paid. Passive income means different things to different people.
For some people, they want to go out and get the nice sports car…
for some… they want to use the time to travel more…
for others… they want to reinvest the money into other businesses (by the way, this is how the super rich get wealthy, they use money to make even more money)
What does passive income mean for me?
For me, it is less about the materialistic things but more about what you can do with your time. It means to be able to exercise everyday… and lately, it means to be able to spend time with my son anytime I want.
What would you do if you had passive income?
If you are interested to learn more about passive income or start earning some passive income today, you are more than welcome to contact me.
Have a great day and always be grateful!