When I made the decision to become a personal trainer, my goal was to get away from the 9 to 5 office gig, and move towards doing something I loved to do, which was exercising.
So my plan going into becoming a trainer was I could help people improve their lifestyle, and get paid doing it.
But what I learned very quickly was that being a personal trainer wasn’t something I could sustain long term.
The number one reason was due to the fact that the only way I get paid is if I’m training. So if someone decided to cancel or I got sick, that was money I was losing out on.
Not only that, but if I wanted to increase my income, I either had to train more people, thus work more hours, or I had to increase my hourly rates.
And with personal training already expensive as it is, not many people can afford to hire a personal trainer.
Therefore I had to find a way to create income for myself regardless if I was training a client or not. This is what brought on the motivation to search for passive income.
What Is Passive Income?
To give you a better idea of what passive income is, think of it as a source of revenue that doesn’t require any active involvement from yourself.
Unlike a job where you are trading in your time for a paycheck. Passive income is something where the least amount of time is required from you to generate revenue.