Incorporating Passive Income Into Your Active Income Models
An Awakening
The introduction of Threads on Leofinance has caused a lot of Crypto enthusiasts to begin thinking a little further out of the box. Essentially, Threads utilizes ad revenue to compound, or enhance, existing revenue. This is something that I have been talking about for years. Furthermore, it’s something that I have been practicing, and am always working on expanding. It all comes down to enhancing and upgrading your income streams which require effort with additional passive income streams.
This whole concept revolves around a decision I made some years ago. Essentially, I decided that anything I commit my time to has to continue working for me in the future. Even if it is not that significant, over the years, it definitely will be! This means that I am not working on a transactional basis. In other words, a once-off payment or reward for a service rendered, or work done. This is the dynamic that operates within the employer/employee relationship.
For example, a day’s work will only produce a certain wage that will only be paid for that particular day. On the other hand, a day’s work that incorporates elements of passive income might amount to a full month’s pay, over many months or years. Essentially, you are working the same amount of time, but you are being paid continuously. This is how you need to begin thinking, especially as Crypto lends itself so well to this dynamic
People are beginning to realize that you can have multiple irons in the fire, without necessarily having to actively hold them. This awakening has the ability to totally transform your income models. Essentially, we are now looking at hybrid systems that create a level of synergy. To understand the synergetic dynamic, simply think of it as a form, or expression, of compounding.
An Essential Aspect of Wealth Creation
Whether you want to think of it as compounding, synergy, or passive income… all three dynamics are actually at work, to one degree or another. In an article from last year, we explored the idea of passive income being at the heart of wealth creation. Think about it, we are often so hard-pressed for time. Had we the time, we would do more, right? With passive income that’s no longer a problem.
The initial work and construction of a mechanism are put into place, and from then on, time becomes your friend and business partner. With every hour that passes, income is being generated through, and in conjunction with your active income models. Pushing the limits of this idea can literally cause your income generation to go “viral”! It becomes unstoppable, an inevitable outcome. I have always found this super exciting, and am always working on it.
Creativity is very much at the heart of great ideas, and great models. Experimentation also plays a vital role in establishing what works best, and how to best leverage it to your advantage. The key school of thought here is… multiple! You have to think of multiple streams that in turn also have multiple streams. Single-source models can work, but they become even more powerful once you incorporate these dynamics.
Final Thoughts
This is a fascinating avenue of income generation and wealth creation. Perhaps, not everyone will share my enthusiasm. However, this has always interested and excited me since I can remember. I never tire of looking for ways of expansion. Experiencing success in this regard has the ability to push your income levels to unimaginable heights. As always though, it requires time, dedication, research, and experimentation.
Trial and error often play a significant role in actually identifying a truly viable model and methods of execution. Threads is already proving to be a viable model that can experience significant expansion. It's a good place for anyone to start experimenting with this idea. There is tremendous scope & endless opportunity. Anyway, hopefully, I managed to trigger a spark. All the best, and catch you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
