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NEWS
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October 11, 2023
Alpha Mindset: Embrace Curiosity, Cultivate Inner Resilience, and Share Positivity
Mantra: "I embrace curiosity, cultivate inner resilience, and share positivity."
Number Science: Numerology - 4 (Stability, Structure, Support)
On this October 11, 2023, let us adopt an alpha mindset that encourages us to embrace curiosity, cultivate inner resilience, and share positivity. Approach the day with a sense of wonder and curiosity about the world around you. Cultivate inner resilience by connecting with your strength to overcome challenges. Share positivity and kindness with those around you, creating a harmonious and uplifting atmosphere.
The numerology of 4 signifies stability, structure, and support. Use this energy to build a stable foundation for your pursuits and offer support to others on their journeys.
With this alpha mindset, mantra, and the influence of numerology, may we approach October 11, 2023, with a sense of curiosity, inner strength, and a commitment to spreading positivity and kindness, making it a day of exploration, personal development, and meaningful contributions to others.
The terms "wealth" and "rich" are often used interchangeably, but they can have different connotations based on the context in which they are used
Here's a breakdown of the distinctions between wealth and being rich
Definition:
Rich: Being rich typically refers to having a high income or a lot of money at a particular point in time. It's often associated with a high standard of living and the ability to buy and do things that require substantial amounts of money.
Wealth: Wealth, on the other hand, refers to the accumulation of resources and assets over time. It's not just about the money you have, but also the assets you own, like real estate, investments, and savings, that can generate income over time.
Duration:
Rich: The state of being rich can be temporary if it's based solely on income. For instance, someone might be considered rich because they have a high-paying job, but if they lose that job, their financial situation could change dramatically.
Wealth: Wealth tends to be more enduring since it's built over time and can provide financial security and income even when one is not working.
Financial Independence:
Rich: Individuals who are rich may or may not be financially independent. They might have a high income, but if they also have high expenses or haven't managed their money wisely, they could still be financially dependent on their income.
Wealth: Wealthy individuals are often financially independent because their assets generate income that can cover their expenses, even without working.
Asset Accumulation:
Rich: Being rich is often a reflection of one's current income level, and may not necessarily include asset accumulation.
Wealth: Wealth encompasses assets that can include real estate, investments, business interests, and other valuables that contribute to one's net worth.
Income vs. Net Worth:
Rich: Being rich is often related to a high income.
Wealth: Wealth is more about net worth, which is the total value of assets minus liabilities.
Legacy and Generation Transfer:
Rich: The status of being rich may not necessarily pass on to the next generation, especially if the wealth has not been accumulated or managed properly.
Wealth: Wealth, especially when managed properly, can be transferred across generations, providing financial security to heirs.
Freedom and Control:
Rich: Having a high income can provide a level of financial freedom, but it might come with strings attached such as a demanding job.
Wealth: Wealth often comes with a higher degree of freedom and control over one's time and choices, as it's not tied to a specific job or income source.
In summary, being rich often refers to having a high income or a lot of money at a particular point, while wealth refers to the accumulation of assets and resources over time, which can provide financial independence, security, and a lasting legacy.
Some of the top passive income ideas people can pursue from the comfort of their homes, according to multiple sources
Investing:
Investing in stocks, especially dividend-paying stocks, is a common way to generate passive income​
Investing in crowdfunded real estate or Real Estate Investment Trusts (REITs) is another option for those interested in the real estate market without wanting the hassle of managing properties​
Online Course Creation
Creating and selling online courses on platforms like Udemy or Teachable can provide a steady income once the course is set up​
Digital Products
This could include writing eBooks, designing templates, or creating other digital assets that people are willing to pay for​
Affiliate Marketing
By promoting products and earning a commission for every sale made through your referral link, you can generate passive income​
App Development
If you have the skills, developing an app and offering it on platforms like Google Play or the App Store can generate income through purchases or in-app advertising​
Renting Out Properties
Whether through traditional rentals or platforms like Airbnb, renting out properties can provide a steady income​
Peer-to-Peer Lending
Platforms like Prosper allow you to lend money directly to individuals or small businesses in exchange for interest payments​
Drop Shipping
Starting a drop shipping business can also generate passive income, though it may require some active involvement initially​
Domain Name Flipping
Buying domain names and selling them at a higher price can be a profitable venture​
High-Yield Savings Account
Keeping your savings in a high-yield savings account can earn you more interest over time compared to regular savings accounts​
Print-on-Demand Stores
Selling products through print-on-demand services requires no inventory management, making it a relatively passive income stream​
Vending Machines
While this may require some initial investment and occasional maintenance, owning and operating vending machines can generate a passive income over time​
Each of these passive income ideas requires varying levels of initial investment, either in time, money, or both, and may have different levels of passivity once set up.
Spotlight of the Day
Lindsay Kokoska @Infinite_Mantra
A amazing artist and fren and soul. We are very honored to call Lindsey a friend and we consider her a incredible artist and a incredible teacher and creator. Always creating great pieces of art and interesting but positive perspectives. A definite notifications on for and a follow. We think you will be happy with this follow and we are happy to call Lindsay Kokoska the spotlight winner of the day. Congrats.
Lindsey site: https://www.infinitemantra.ca/
Art
Today is the day
Thank you so much for another beautiful day.
CK News Podcast: Tuesday 10/11/2023