Warren Buffet did the world a favour by summarizing the key to wealth creation in such simple terms
“if you don’t learn how to make money while you sleep, you will work till you die”.
This statement I think changed the trajectory of so many, including myself. First, the knowledge that you can make money while you sleep, that means that you don’t have to exchange your time for money – not saying you shouldn’t, but that you don’t have to, I found simply mind blowing.
Also, he summarized what happens to most people: they start working, and keep working just to keep afloat from the start of their careers or life till they die; that sounds pretty tragic to me.
Some of the ways you can make money in your sleep includes:
Some of the ways you can make money in your sleep includes:
- Passive investment in stocks
- rental income
- royalties from books or creative work
- dividends from a business or investment
- monetizing a social media platform
- creating a virtual course/webinar/program
- start/buy a business managed by someone else