Passive Income Rant… Good or BAD?
It’s already pass midnight and before going to bed ,i have a little rant to make!
It will help you and me to understand,how in the world we end up with a degree in any working field (for me it is Computer Ingineering) but we don’t have any knowledge about finances ,only a few have informations and the know how?
There is a Life system in place in order to the common person to live in, when your young you go to school (there is nothing wrong with that) must of your young life, after you have a degree, you start looking for the best job (of course if you find any good job) sometime you need to relocate, yup that’s a reality.
Family,House or the new Car?
Family
We all want the same thing to be happy, to have our family around us. Difficult indeed to have the perfect situation, especialy today we have family reconstructed, broken family, divorces and many more situations that are difficult to live with. It is considered to be our foundation since we are young until our adult life.
Of course we have the choice to build our family the way we would love to have it or with the partner that seem to be perfect for us.
House
The core place where everybody gathered to sleep, laugh, eat, fight and cry… There is a lot of effort that will be put in the work in order to own a house, to come up with the cash down, extra money to furnish the house. A lot of sweat and sacrifices to not touch this pile of money until we have the courage to go and purchase our beloved first home.
So many articles about,how difficult it is to purchase a house, purchase a revenue house or even buying a condo. It is a lot easier than we think, just need to have the proper guidance and have a map in hand and to just follow it.
Car
Transport is part of our life, we need it , to go to work, travel, pickup the kids,construction items and more… Do we love the latest sport edition car or the luxury truck from the dealership in town. Most of the time we have access to any car we want as long we have proper credit ,if not we go in cash mode, to have a decent car to drive from point A to point B.
What’s more…
Do you decide to have a family? To have a big house (ohhh boy, debt right there!), a brand new car (everybody does it, so you do the same) even you Mom or Dad tell you sun, go for it, it is the best investment for you! That was back then but now it is not the same anymore.
Plus,you have a school loan to pay back,medical bill for the kids, credit card in use. Are you going to take any vacations? Are you getting married? (20-50k wedding,thats a general number could be more or less).
See the system is made in a way that we stay in the same position if we are not prepare. Some of us, have the perfect job with the perfect situation but again we do make let’s say 100k but we are spending in the same specs of numbers so we are in the same situation as the 25k revenue person.
The Perfect Situation.
What do we do from there? We need to adjust… When i say adjustment,that mean we need to look at our situation and be real and raw.Accept where we are today and what we will do starting today to have a better understanding of our finance ,why it is important and why we should involve everybody in our house hold and also the peoples around us (of course you do it in a polite manner).
Ask question to peoples around you that seem or look to have made it in life, i love to ask questions to property owner (duplex,triples,building…),they always have good stories to tell me about and good advise also.Passive income should be a way of Life,once you control this aspect…Your money problems will not run you anymore!
Take control. Learn and Earn.
Stanley
Popular posts on Bag of Cents:
- Having a Passive Income, is it possible?
- A Envelop System to have more Money?
- Passive Income on a Budget, yes it’s possible
- Vacation on the Money, how to save and have more fun!
- 5 Ways to save for your first House
- Simplify your Life Today = Minimalist
- How to make 50$ Fast
- Create your own Debt Free Story
- Frugal vs Money
212 Shares
