The freedom and lifestyle perks from creating passive income streams for yourself are undeniable.
The best thing about having a passive income that supports you is you won’t have to wake up at 7 in the morning to get ready for the commute for a 9-5. I’ve never been a morning person and I’m still getting better at trying to wake up early but my job doesn’t depend on it anymore.
Being location independent has also allowed me the freedom to live where I want. When I first started earning online I took a vacation to Mexico and I’ve been here for over 4 years. That’s the kind of thing you can do if you want – where do you want to go?
The Greatest Example of What You Can Achieve with Passive Income
Known as the father of franchising and the first great American, Benjamin Franklin’s passive income stream was first created when he drew up a six-year contract that allowed Thomas Whitmarsh to establish himself as a printer in South Carolina. Franklin purchased the printing press and types in return for one-third of the profits. Franklin forged similar partnerships over 50 years, solidifying a passive income stream that left him free to:
- Found an academy that later became the University of Pennsylvaniva
- Speak 3 languages.
- Learn the violin, harp, guitar, and compose music.
- Play an active part in nearly every major document of America including the Constitution and the Delcaration of Independence.
- Conceive and establish America’s first public library.
- Revolutionize the postal service by implementing home delivery and one-day service.
- Create countless inventions including bifocals, the Franklin stove, and make incredible scientific discoveries like the discovery of electricity.
- And a lot more.
In fact, while Franklin was sent to France during the American Revolution, he was able to reap continual profits from his printing franchise by leveraging multiple partnerships he continued to form throughout the colonies.
It’s incredible to think that without this solid passive income that Franklin had ingeniously developed for himself, he have never been able to remain in Paris to negotiate France’s aid to the colonies. An alliance that was essential for America’s victory against the British.
Start Your Own Legacy Now
With enough passive income to free your time and do great things, what kind of legacy will you create for yourself?
Follow along on my blog to learn more about how you can create your own streams of passive income online.
