One of the biggest struggles we all face as humans are finding a satisfactory and stable career that allows us to live comfortably. It's tough with the ever-changing economy with rapid technological advances and new jobs every few years.
Anyone can tell you that passive income, or easy money coming in without working for it, promises a more comfortable, hassle-free lifestyle than relying solely on your day job.
With this in mind, these inspirational quotes will show you how people are finding success through their passive income streams.
Passive income quotes for inspiration
Passive income is a dream for many people. It's the idea of earning money while you sleep and not having to do any work. I like the concept, but it's not always easy to practice.
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If you're looking for some inspiration to help you get started on your passive income journey, then check out these inspirational quotes from some of the best minds in business today.
1 "I live my dreams every day through the people I help to make those dreams come true." — Oprah Winfrey
If you're anything like me, you've probably spent a lot of time dreaming about passive income. It's a dream to make money without having to do anything! And one that many people believe is out of reach. What if it's not?
These words from Oprah Winfrey urge us to think about how we might realize our aspirations via the people we serve. Passive income is sometimes misunderstood to mean that you don't have to do any work to get it.
Perhaps some things are better achieved by helping others reach their goals and dreams. And perhaps that's how we can live our dreams every day by helping other people achieve theirs.
2 "If you do not find a way to make money while you sleep, you will work until you die." — Warren Buffet
I think a lot of people are afraid of passive income because they don't want to give up their day job. But if we're going to talk about it being passive, it can't be something that requires your constant attention.
It's like when someone says they're going to go on vacation—they don't mean that they're going to sit on their couch all day with no plans, but rather that they're going to take some time off from their regular routine, so they can relax and recharge.
When I started thinking about passive income in this context, it didn't seem so scary anymore—it seemed more like a relaxing break from your regular work schedule (which doesn't sound too bad).
3 "Some people want it to happen. Some wish it would happen. Others make it happen." — Michael Jordan
You may assume that Michael Jordan can say that because he has already accumulated more wealth than he would ever be able to spend in his whole life. That might be true, but that doesn't mean he's still not motivated to make more money.
When I first read this quote, it felt like a punch in the gut. What if I want something to happen, but it doesn't? What if it's not my fault that it didn't happen?
But then I realized that this quote is really about making things happen. And sure, some people might have more opportunities than others—but that doesn't mean that you can't make your own opportunities.
You must make something happen if you want it to happen.
The most successful people don't just wait for their good luck to fall into their laps—they go out and work for it! They make certain that they are in the right location at the right time and seize any opportunity that comes their way.
And even if things don't go precisely as planned at first, they don't give up! They persevere till they achieve their goals in life (or at least get closer).
4 "Wealth is not about how much money you have in the bank account; wealth is all of those moments that we can't get back." – Sophia Bush
Passive income isn't only money; it can also come in the form of experiences and memories.
In this quote from Sophia Bush, she's reminding us that some things can be worth more than money. Because even if you're not generating a lot of money with passive income, if you're having a nice time doing it, then that can be enough to make up for it.
Because of this, it is crucial that we keep this in mind as we pursue our objectives of increasing our passive income.
5 "You cannot have a million-dollar dream with a minimum wage work ethic." — Stephan C. Hogan
This quote resonates with me since I am attempting to get more involved in the passive income community. I'd want to be able to earn money while sleeping, or at least while doing other things.
I think this quote is also important because it reminds us that working hard is not enough. You can't expect to make a million dollars if you are unwilling to put in the necessary work.
I also like how this is one of the residual income quotes that remind us that we can't have everything independently. We need others for support and guidance, so we have to work with others and ourselves if we want to achieve greatness.
6 "You can only be financially free when your passive income exceeds your expenses." — T. Harv Eker
I think this quote is great because it points out that you can't be financially free until your passive income exceeds your expenses, but it also says something about being free in a broader sense.
If you have enough money, you don't have any worries about paying for anything. It's not only about having enough money to meet all of your expenses.
If you have a job and an expense account, it's hard not to feel like you're accountable to someone else for your survival.
But if you make enough from multiple streams of income that your needs are met without anyone else's help or interference, then I think we would all agree that that person is truly free.
7 "What if you could give yourself a RAISE in your spare time?" — Forbes Magazine
That means you'll have more money than you could ever spend. And what's even better is that the more money you have, the more power you have (which isn't always a bad thing).
You're never going to be stuck in a job that doesn't serve your purpose—and if there are things in life that you want to do, then the chances are good that there's a way to make it happen.
So I think choosing to pursue passive income is crucial now more than ever because if we don't take control of our financial future, who will?
8 "The greater the passive income you can build, the freer you will become." — Todd M. Fleming
I believe this quote is important because it's a reminder that it's not all about the money. If we're always thinking about what we can get out of life instead of what we have to give back, our lives will be miserable and shallow.
Wrapping up the best multiple streams of income quotes
Passive income is about giving yourself the freedom to do what you want. Most people think of passive income to get rich quickly, but making money isn't the point.
If we want freedom in our lives, we have to make sure that our money allows us to be as accessible as possible. This is true even when we're making ridiculous amounts of money—it just means that we can afford to be even free.
Passive income is essential to your financial freedom. It's not a get-rich-quick scheme, but it is a great way to make more money doing what you love.
It can allow us to live the life we want without worrying about our finances or dealing with anyone who tries to put their hands on it.
I hope that these multiple streams of income quotes inspire you to chase your dreams and do what you need in order to gain financial security.
