Passive Income – How Do We Generate?
In our quest for financial freedom, we tend to come across the term “passive income” very often. So what exactly is passive income and why do so many people desire to have some form of passive income?
Adam Khoo is an award-winning Singaporean entrepreneur, national bestselling author, peak performance specialist and professional stocks & Forex trader. A self-made millionaire by the age of 26, he owns and runs multiple businesses with a combined annual turnover of $30 million. His business interests include advertising, corporate training, educational seminars, learning centres and youth education. He is the co-founder and Executive Chairman of Adam Khoo Learning Technologies Group Pte Ltd, one of Asia’s largest training & education companies.
Adam holds an honours degree in business administration from the National University of Singapore (NUS). As an undergraduate, he was ranked among the top one percent of academic achievers and was a pioneer in the university's Talent Development Programme. He was conferred the NUS Business School Eminent Business Alumni Award 2008 and NUS Outstanding Young Alumni Award 2011 for his outstanding entrepreneurial achievements.
Over the past two decades, he has trained over 512,000 students, teachers, professionals, investors and business owners to achieve excellence in their various fields of endeavor, by imparting them his vast knowledge and highly actionable success strategies.
Adam has written thirteen books spanning the topics of academic mastery, personal development, parenting, finance and entrepreneurship. These titles have been consistently placed on the Straits Times bestsellers list and been translated into six foreign languages.
In 2007, Adam was ranked among the 25 richest Singaporeans under the age of 40 by The Executive magazine. His success story and achievements are regularly featured in regional media like The Straits Times, The Business Times, The New Paper, Lianhe Zaobao, Channel News Asia, Channel U, Channel 8, NewsRadio 93.8FM, The Hindu, Malaysia Sun, The Star and even on Brazilian national television.
A life enthusiast with an unceasing passion for helping others, he believes that every person deserves to succeed in life. Today, he continues to inspire thousands of people around the world by sharing his success strategies and insights actively.
In our quest for financial freedom, we tend to come across the term “passive income” very often. So what exactly is passive income and why do so many people desire to have some form of passive income?
In today’s fast paced world, have you ever paused for a moment and asked yourself, “When was the last time I upgraded myself”. And more importantly, is your current skill-set still relevant?
If you look at the big picture of the S&P 500, you can see that over the last 1 year, it has been in one big consolidation period ever since peaking in Mid 2015. In fact, it has been making lower high points. This looks to me like a consolidation distribution period which may lead to a new bear market.
If you are constantly broke, it is because you have programmed yourself to be broke. If you are constantly attracting wealth, it is because you have programmed your mind to be rich. If you are constantly happy and cheerful, it’s because you have programmed yourself to be happy.
Although I can’t predict with absolute certainty when the next recession will occur, I believe that there are developments in the economy right now that are similar to those that happen right before the start of a major recession.
The market is a dynamic place that changes all the time. This is why we should never stubbornly hold onto an opinion. Once the market proves us otherwise, we need to change our strategy and go with the trend.
After investing for more than 20 years and speaking to thousands of amateurs and professional investors, I came to realise that most amateurs often make the following mistakes that often cause them to get “burnt”.
One of the most important principles in trading and investing is that an established trend in price is statistically more likely to continue in the direction of the trend than it is to reverse.
Oil prices have fallen 74% from its highs of $110 per barrel in 2011 to a low of $27 per barrel on 20 Jan 2016. A supply glut, coupled with weak demand (especially from China), have been the main factors.
Risk Taking. How do you feel about it? What thoughts and emotions do you associate with the act of taking risks? Are they negative or positive? Most people have negative thoughts and feelings about taking risks.
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