Have you ever used one of those spring-loaded taps installed to save water in some hotels ?

When you turn the water on, you have to hold the tap there, because when you let go, it bounces back to off. Most people's income source works just like that tap.

You get a little money flowing, and then when you let go, it bounces back to off. you can never be rich that way.

What you want is a money tap that you can let go of once you've turned it on, because it stays on by itself.

It's not just about having income today, tomorrow, and net week; it's about securing your income perpetually. This is passive income also known as residual income - income that keeps coming in obver and over, long after you finished expending the effort and capital it took to create the source of income.

Comment on this post, if it made sense to you.

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