As Robert says, for us to change our quadrant (the cashflow quadrant), first we need to change our mind. One of the best way is to start joining any of businesses that can give you the education, skills, mental and leadership for you to create your own system. It doesn’t change overnight.

Another thing is that we must do things that we have passion in it. Even Robert says that he tries to retire, but after sometime he go back to work. That is active income.

I am actually developing a system for:
1. recruiting
2. training
3. coaching
4. attracting clients
5. retaining clients

May be you can advise on how to do it faster…

When you write to me like this also is an active things… I can say that UT can give you some pseudo-passive or semi-passive income initially because there is still human touch needed for you to see your clients and your agents.

If you have created many Group Agency Managers (GAM), then you already earned a truly passive income as you don’t have to know their training or recruiting or prospecting for clients. Therefore I am cracking my head to develop a system where when my unit trust consultant become GAM, they can run their agency by following the template that we have developed.

If one GAM can contribute to you say RM500 to your total income, doesn’t it a passive income. You don’t have to ask your tenant to pay timely. It will just come to you. As if you have a rental property that give you monthly RM500 without maintenance of the house, without worrying that the tenant cabut tengah malam, without knowing many things. Imagine if you have 10 GAMs or 50 GAMs.

Agreed that there is pro and cons of many things. We cannot satisfy our lust, our desire…

UT is one way of creating free time through leverage. But to gain passive income through UT you need a system that you don’t have to do the work at all. That is, leverage other people’s time to do the selling and training under your own agency. Can it be done? Understand the small print first before you work hard. Don’t forget about sales quota! You need to produce and that’s active income (you still have to work) not passive income.

What happend if you die. That’s it! All gone unless someone wants to buy over your agency or someone in your family wants to continue your work. You skills die with you and there’s no guarantee your successor will succeed in running your agency. Still active income.

There’s many ways to earn passive income and UT may not be the one that match your skills and compentency. Be open-minded and you will see opportunities with your mind.