Welcome to another edition of educational Fridays, where we will post up material (videos, infographic, links, etc) to help you learn more about passive income and investing.
This is an interesting video that talks about how you can harness the power of persuasion to help you build up your passive income. It’s different from the other videos, because it is more of an indirect way to grow passive income, but nonetheless, I find the 6 points covered in the video to be good information. I think the 6 points can be applied to not only passive income, but anything from building friendship to building a business.
I find the reciprocity point to be very true, because I believe in that myself. When someone gives me a gift or does me a favor, I would have a tendency to return a gift or favor to the person. And I feel it’s true the other way as well, when I give someone a gift or do that person a favor, the other person usually has a tendency to return it, or at the very least, that person would feel appreciated.