How to go from passive income idea to reality & execution. How to evaluate ideas.

How to calculate your income? Tutorial with examples, methodology, case studies, personal story.

I've seen all the videos that you can find on YouTube on the subject of passive income and to be very honest and straight with you, it’s terrible, I’m very disappointed with the quality of materials that I found. Probably I haven’t seen all interesting materials on this subject, so if you have a good video on passive income please share it down below in the comments section, it would be extremely helpful. To me the videos that I’ve seen don't cover the key element, how you should approach passive income, how can you choose one, how can you find one, how can you create one, how can you expand one!

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Back to my personal story.

I’ve done management consulting in Accenture strategy, I’ve been around 8 countries working on projects in famous large companies like Pepsi, Coca cola, Emirates, Etihad, Mondelez, ABINBEV, Philipp Morris and similar and I can tell you, everyone wants to have a passive income as much as you do all companies, all managers all investors and everyone is chasing the same dream to have a stable uninterrupted income without much effort.

And by working with all these different clients of mine I now know how it is done. I’ve seen it with my own eyes hundreds of time. I’ve seen top executive implementing new passive income sources in large corporations and successful investor getting passive income in their business. I’ve young entrepreneurs who have built passive income for themselves and destroyed it later on down the road and people who had passive income and sold it as a business to others, I’ve seen people who lose their passive income for stupid mistakes and get passive income for nothing. And finally, I’ve achieved passive income myself, the story that I shared in my previous video.

Now I tell you the ultimate solution. The magic formula behind choosing passive income that is right for you: and it a multiplication of 3 factors: investment/risk/return

Every time you want to make a radical decision in life about new passive income you should diligently calculate the 3 factors: investment size, risk rate, return on investment rate.

I’ll tell you a story from my personal experience:

I was always trying to understand how business world works, how passive income is generated, how people get rich, how new business are getting started.

I lived in Europe at that time, and the clients I worked was, well, was nothing remarkable. Until I came to Dubai. I relocated to DUBAI with Accenture. I got an offer to move between offices. That was a very big step forward for me. Great new adventure great exciting experience. DUBAI I super nice shiny and beautiful, hot in terms of weather and in terms of business activity. I liked it very much. I relocated alone. Landed there, started living in a hotel for initial time. Was very happy with everything. Found new friends. Was going swimming every single day in the see. Drinking fresh juice. Going clubbing every other night. Enjoying whether and city lifestyle.

So one day I was viewing an apartment to rent long term. And this viewing changed my life forever.

I suddenly understood how the great capitals are made and get destroyed sometimes.

The guy, Robert, who was showing me the property was an agent and their agency Dubai Premium Estate job was to manage 10 thousand apartments of just one single owner, Mr Abdul Halil.

How did it happen? It turned out that the owner was buying properties with very very low upfront payment and a low interest rate. Plus, In Dubai the rent is usually paid one year upfront. So Mr. Abdul Halil basically collected first rental payment to cover mortgage down payment and was getting new properties virtually with zero dollars. Plus, the Dubai property market was growing for several consecutive years and the properties appreciated in value and his real estate portfolio grew further.

That was a truly eye-opening discovery for me. How you can create a 1 billion worth of real estate with zero money of your own, however is had a very sad ending.

After that banks basically started bankruptcy procedure for the entire owner’s real estate portfolio and the empire went down.

What learnings do we have here? The owner started his empire with very little investment of his own and a very very high-risk rate, because when you take a loan 90% debt on your property whenever value of the property goes down by 10% you basically become bankrupt on the paper, because you have less value than debt. The positive thing is that the owner had huge huge huge return on his investment, with very little down payment every dollar that he made on top of the interest payment was his profit, and because his own money was just a fraction of property value, less than 10%, he could achieve 100% to 300% return on investment per year with every tenant.

You can sort through a lot of ways to make money and lose a lot of time, health and money! You know that in search of means to earn money people lose money? This means that it is very important to have a reliable way of earning.

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