Building Passive Income, A Way to Prepare Emergency and Pensions Funds

Have you ever thought of a passive income to start your emergency saving, or perhaps a pension funds? 

We already knew how important emergency funds and pensions are. However, we also knew preparing such a fund is not easy. Not everyone has a strong intention to set money aside. Moreover, when you're a freelancer with unpredictable income. 

Setting up dedicated savings can be challenging for freelancers. Daily needs, bills, taxes, and other fixed costs can be a reason for Freelancers to put off starting saving for emergency and retirement funds. 

The "uncertain" nature of Freelancer's work requires Freelancers to have sufficient preparation during emergencies and their future (retirement). Therefore, a freelancer must have an emergency, health insurance, and of course retirement funds. 

When you realize how important those funds are, you may think to work harder, take on more projects, and work more hours. But can you live a busy life hour by hour, simply preparing for your future? Well, I am not sure about it. We all need a happy life balance, don't we? 

Moreover there's a way for freelancers to earn more income without setting more time for work, that is create another income stream from passive income. 

How to make passive income for a freelancer 

What comes to your mind when you hear the term passive income, a Multi-Level Marketing business? Well, we all know, it was so yesterday to think that way. Not all passive income should be earned from a multi-level marketing business. There are many ways to make it, especially if your current profession is a freelancer. 

Last May 21, I had the opportunity to join the talk of Xpreneur Summit Indonesia 2022, with the theme "Wealth Automation". Many business experts at this talk were willing to guide participants, - employees, professionals, Business Owners, consultants, and Freelancers. By joining the talk, participants are expected to be able to create and develop their businesses through passive income. 

Some speakers at the talk are 

1. James Gwee, Sales Xpert & Indonesia's Favorite Trainer & Seminar Speaker 
2. Tom MC Ifle, Indonesia's #1 Business Coach & CEO of Top Coach Indonesia 
3. Sunil Tolani, Founder of Mindset Merdeka & Caliberworks 
4. Roy Shakti, Credit Card Expert No. 1 in Indonesia 
5. Hendra Hilman an FMCG Sales & Distribution Xpert Anthony Sudarsono who is known as the skipper of dozens of executive boarding houses at the age of 25 

I got my AHA moment after hearing a presentation from Mr. Joshua Tan, a Business practitioner, and founder of  Xpreneur & Lightrees Group; a place to learn online business with guidance from online business experts and practitioners. Mr. Tan said, in this digital era, it is important to get a consistent income, even what you get is only a small sum. And it would be better if we generate the income by spending less energy and time. It doesn't mean that big money is not good, but it could be a problem if you earn the money not regularly. You will have difficulty meeting your daily needs. 

"Building wealth automation, changing active income into passive income, can be the answer for businesses, freelancers, or professionals to make more money," said Mr. Joshua Tan. Wealth automation will help you have more income but not spend time and energy as much as when working on an active income. 

How to get passive income for freelancers 

There are many ways to get rich with passive income for a freelancer, for example by creating e-books. As an online business practitioner, Mr. Joshua Tan suggested that we turn our skills into products. This is one way to make passive income. You can create automated seminars, online courses, and so on. 

To get the best passive income, Mr. Tan also suggested that you should not be content with just making products. You need to adopt the right strategy so that the products you make can be the best source of passive income. He named the strategy "Value Ladder Funnel". 

I am so curious about Joshua Tan's wealth of automation tips, as I knew that every product we make has a different character and way to market it. Fortunately, he has opened an online business class that anyone can take. He also wrote a book about this topic which will soon be published in the upcoming months. If you want to take the class, you can visit Xpreneur official sites, and choose the class which fits your needs. 

I know that we can learn how to create passive income from any business learning class or even opt to learn it indepedently (watch YouTube, read more books). But in my opinion, and based on my independent learning experiences so far-, studying with expert guidance is the best shortcut to mastering a topic. Joining an expert class will help you gain more knowledge and accelerate your success. 

When you choose independent learning, you need to compose your own syllabus, not to mention the trial and error you have to get through when applying the lesson. But the process will be a lot different if you learn directly from the experts. You can get knowledge from various resources at one time. Not to mention Xpreneur Business Class is taught by experienced mentors, whose experience can be additional knowledge for your learning. So, it makes sense that learning from wealth automation experts is like a "shortcut" to success on passive income, doesn't it? 

Ready to build your passive income? Roll over your mouse to Xpreneur.com and enroll for your online business class today!