If you are going to ask me today what’s the right formula for success, I’ll answer you with a blank face. I’ve been trading and investing in stocks for years yet the perfect way to earn money constantly is nowhere to be found. Why? Because there is no such perfect formula to grow your money. There are channels where you can invest, yes, but there is no lifetime guarantee that you will only receive profits. The market has ups and downs and you have to accept that fact. If you want to maximize your passive income, here are some of the top secrets.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the trainings below.
Stock Smarts Manila – September 14, 15, 21, 22,&28, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Cebu – October 26-27,2019
Stock Smarts Taiwan – November 2, 2019
ICON Davao – November 30, 2019
First things first, knowledge is power and if you don’t have it, no matter how hard you try to maximize your income, you won’t be able to do so because you lack knowledge. Learning how to do a thing is a process and it takes a lot of studying and trying. You must educate yourself first if you want to be a successful passive income earner. Maximize the information you know so you could later put it into action. Do not think about money first. Target earning for a longer period of time. See the bigger picture, not just money in the frame.
When you are earning, it’s impossible to eliminate your expenses totally. Some of the passive income assets will require you to spend minimal expenses for startups, repairs, maintenance, and other sorts of spending. It’s okay to spend but see to it that you are saving from your income. Remember the right formula: income less savings equals expenses. Keep in mind that your goal here is to maximize your earnings, not to find a source that can cover up your expenses. Forget about the concept of big spending. As long as you can minimize your expenses, do whatever it takes.
Never waste a single dime when you are trading or investing. Never waste space when you are renting out your condo units or apartment. Never leave your properties idle. As long as you can utilize every space available, do it. Maximize the use of your assets so you can maximize your passive income. The same goes for those who are investing in stocks, bonds, and mutual funds. Maximize your time by allotting a portion of it to study and to execute your plans. Do not waste your resources.