How to prepare Passive income - Plan?
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✔Make your life time Networth goal.Eg: 100 or 50 crores.Meditate well and think deeply about different sources to achieve your networth goal.Your mind will give few sparks.Make this a process.
✔Then prepare a 15 year wealth target which must be half of your life time goal amount.Eg 50 or 25 crore.
✔10 year target amount should be half of 15 year amount.eg: 25 or 12.5 crore.
✔5 year target amount must be half of 10 yr goal.Eg:12.5 or 6.25 crore.
In this way,Networth goal can be created in step by step manner.
Next is your Income goal.🎯
✔Write 1 year income goal.It should be minimum 5 times of your previous year income.Then find out 5 to 10 ways to achieve it.It will be a brainstorming efgort if you apply well.
Then,Reduce Income goal amount to 2 times of last year income.Cut excess sources from the list.Plan with favourite expected sources of income.
If you are not comfortable with 2 times of last year income,Rework again to achieve double income.
✔After Annual plan is ready,make 6 month income goal.
It should be 55% of your Final passive income goal for the year.
Then,prepare a 26 week action plan to achieve it.
.................................................................
✔Make your life time Networth goal.Eg: 100 or 50 crores.Meditate well and think deeply about different sources to achieve your networth goal.Your mind will give few sparks.Make this a process.
✔Then prepare a 15 year wealth target which must be half of your life time goal amount.Eg 50 or 25 crore.
✔10 year target amount should be half of 15 year amount.eg: 25 or 12.5 crore.
✔5 year target amount must be half of 10 yr goal.Eg:12.5 or 6.25 crore.
In this way,Networth goal can be created in step by step manner.
Next is your Income goal.🎯
✔Write 1 year income goal.It should be minimum 5 times of your previous year income.Then find out 5 to 10 ways to achieve it.It will be a brainstorming efgort if you apply well.
Then,Reduce Income goal amount to 2 times of last year income.Cut excess sources from the list.Plan with favourite expected sources of income.
If you are not comfortable with 2 times of last year income,Rework again to achieve double income.
✔After Annual plan is ready,make 6 month income goal.
It should be 55% of your Final passive income goal for the year.
Then,prepare a 26 week action plan to achieve it.
passive income any examples
ReplyDeleteGreat post shared you.Passive income is a income that you generate without doing much and without investment. You can find the Sources Of Passive Residual Income in Australia.
ReplyDelete
ReplyDeleteThis post will be very useful to us....i like your blog and helpful to me....nice thoughts for your great work.
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