But just when it seems we're doomed to live out our days in financial slavery, a new trend has emerged freeing people from the age old bond of time and money.
What is Passive Income?
Many of us know this term. The simplest definition is: work done today that makes money in the future - in increasing amounts.
There are many examples:
- Business Ownership (Vending machines, advertising, recurring income models, efficient management, franchises)
- Commission Sales (multi level marketing, commissions on recurring income, bonuses)
- Investments (stock market, real estate)
- Royalty Income (writing, photography, art, inventions)
How 'Easy' is Passive Income?
In the past, earning passive income was difficult for many. You often had to start with a large pool of resources - money or time. Today, however, the largest barrier is in fact our beliefs and attitude.
- Most people still believe earning passive income is impossible because they need a lot of money.
- Still more people have the attitude that trying to earn passive income isn't worth their time because it is too challenging.
1. Entire communities of people online discuss literally thousands of ways to earn passive income - in complete detail. They support each other along the way until they succeed, making it easy to stay motivated.
2. And proven step by step instructions are freely available to greatly reduce the risk, challenge, and time associated with any passive income plan.
Passive income is no longer a 'fringe' society phenomenon. Millions of people do this well every day - many starting with no resources at all. And as we move into an era of permanent financial turmoil, the idea of passive income will suddenly look more safe and practical than any IRA, savings account fund, or pension plan.
Talk to other people about passive income online at:
No comments:
Post a Comment