hello everyone welcome to wordy tales in today's story we'll explore an important life lesson about how to make your money work for you through passive income as we listen we'll also learn some new words and how to form sentences using them making English learning both fun and practical so let's get started and stay with us till the [Music] end once upon a time in a buling Village lived a young man named ran at 25 years old Ryan spent his days working at a local grocery store he had been at this job for 5 years and
over time he had climbed the ranks from being a store clerk to holding a respectable position for the past 3 years Ryan had been consistently saving his earnings but he felt his money was growing too slowly Ryan began to wonder how he could make his money work for him in instead of waiting for it to grow little by little he didn't have time to manage another job as his stor work consumed most of his day one day on his day off he decided to seek advice from Mr denier a wealthy man in a nearby Village
Mr denah was well known for his vast assets and businesses which earned him wealth without much effort he was the perfect person for ran to learn from upon arriving at Mr to Den's house Ryan found him relaxing under a large Shady Tree near his Fields enjoying a cup of coffee despite his wealth Mr denah wasn't the busy type his assets and money worked for him which was exactly what Ryan wanted to learn after exchanging greetings Ryan shared his goal with Mr Denia to learn how to make money work for him Mr denah smiled at Ryan's
determination good thinking it's never too early to start learning about passive income he said passive income isn't just about investing large sums of money or buying gold with the right mindset even a small amount can work for you if you can manage just 1 million rupia imagine what you could do with more Ryan was excited he listened carefully as Mr Dair continued the first step in building passive income is simple you need money save what you can from your earnings but avoid taking out loans for Investments if you're just starting it's much safer to work
hard and save up even if it's little by little do you understand ran nodded eagerly yes Mr denah I understand what should I do once I have some money saved Mr denah laughed lightly at Ryan's enthusiasm slow down Ryan the second step is to resist the urge to buy expensive things right away don't rush into buying a luxury phone car or house unless you really need them expensive items like cars and phones depreciate quickly and can be costly to maintain especially when your income is still modest instead use that money to build your passive income
ran felt relieved he had always dreamed of owning fancy things but he now understood the importance of way waiting you're right Mr daia if I spend all my money now I'll be left with nothing exactly Mr Denia replied now let's move on to the third step the most exciting one finding passive income opportunities look around you explore your surroundings and even check social media or the internet for ideas there are many ways to create passive income even with a small investment as they walked through the village Mr Denia pointed out examples look at Rudi's house
he started a small Wii service with less than 500,000 rupia and next door someone began raising chickens with a similar amount the key is to find opportunities that fit your skills and interests Rian was amazed he had never thought about such simple ways to start passive income I never realized there were so many opportunities right in front of me he said scratching his head in Surprise as they continued walking Mr Denia shared more examples of people using their small savings to generate income whether it was renting out farmland or offering Services The Village was full
of opportunities Ryan the point is to open your mind to what's possible no matter how small the start Ryan nodded in agreement I've been so focused on my job that I didn't notice these chances they returned to the tree where they had started and Mr Denia moved on to the fourth step once you've found an opportunity don't wait too long to act start small use your savings and learn as you go the challenges will come only after you begin so there's no point in Waiting for a perfect plan and remember it's always wiser to start
with a small investment to reduce your risk ran felt grateful for the valuable advice he understood that starting small would help him minimize mistakes while learning thank you Mr daia this makes so much sense now for the fifth step Mr daia continued gradually increase your investment as your passive income starts working use your profits to grow your business little by little just like Rudi who expanded his Wi-Fi service to cover more houses the the key is to reinvest and scale up Ryan felt energized what's next Mr Denia he asked eager to keep learning the sixth
step Mr denah said is to diversify don't rely on just one source of income try starting another passive income stream once your first one is stable this reduces your risk and maximizes your profits and as a reward for your hard work it's okay to spend a portion of your earnings just don't go overboard limit your spending to no more than 50% of your profits ran felt even more motivated it's important to enjoy the rewards of our efforts right exactly Mr denier responded and finally the seventh step be patient stay consistent keep learning and adapt building
passive income takes time don't get discouraged if you don't see immediate results stick with it keep learning and don't fall behind many fail because they stop learning or adapting with that Mr Den ended his lesson ran left feeling empowered and full of ideas he knew that with these seven steps he could start his own passive income journey and watch his money grow after enjoying a nice lunch with Mr Den's family ran said goodbye excited to begin this new chapter now let's learn some new words passive income money earned with little to no effort often generated
automatically after the initial setup example renting out property can create passive income asset something valuable owned by a person or company that can bring future benefits example her house is one of her most valuable assets allocate to set apart or designate for a special purpose example she allocated some of her income for investment savings definition money that has been saved especially in a bank example he used his savings to buy a new car consistent doing something regularly and steadily without stopping example consist practice leads to better results in learning Capital money used to start or
grow a business or investment example she needed more Capital to expand her store adaptation definition the process of adjusting to new conditions example the company made a quick adaptation to the new technology today we learned new words and sentences through this story remember learning English can be fun when you practice regularly so keep listening learning and growing to truly improve your English let's listen to the story again and repeat after each sentence this will help you remember and understand better make sure to like comment and share how this story helped you improve your English thank
you for watching and I'll see you in the next story where we'll continue learning together
