Money, income, bills, investments, is
sheer thought of them make you want to shriek in disgust, curl up into a prickly ball?What an advantage to those with reliance on advisors of financial savvy, early on in their lives, with rest of us still trying to make some sense of it, even today. How many times did thought strike you 'I could be rich now, if only all these facts had come to me as a kid, or at least much earlier...'
Why then would you let your kid(s) experience same lack of practicable financial strategy?
Hillary Adams, a former white collar worker, felt same, every time her son asked her for an advance. All her talking about not having enough money and his having to be more careful with his spending did not seem to be understood by him.
She needed facts and a way of demonstrating, and soon.
About same time she quit her job and went into business for herself, she began digging for a sensible solution.
First, in her research and many a night spent in books, she discovered term 'passive income' and a fascination with its concept.
Passive Income? Does it mean it just 'sits there'? Or, regardless of what one does, it's inactive?
Not exactly. Passive income is cash-flow obtained without linear time involvement. In other words, while you sit on porch knitting, your passive income is generated, non-stop. All you had to do, is work once.
Now, secondly, Hillary, after discovering concept, thought of all benefits this way of doing business could include and began to motivate herself for several days into finding a way to make a small investment on behalf of her son with a very important 'switch' in mind.
Listen to what she did.
She bought a small table-top game machine. As contraption was delivered, and she and her son Aaron unwrapped it, she let him try it out, play with it, answered his questions, and finally told him: "Aaron, this machine is yours. And even better, all money it's going to make is yours. However, I am only able to lend you $227 it took to purchase machine for a little while. You must pay it back. I'll help you set up machine rest is your business. Now, honey, tell me, can you do it?"
