"A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power".
-Brian Tracy Passive income is a hot phrase in the current economic market.
The world wide web is full of websites which try to sell you the newest, quickest, and easiest way to make money now!Before you jump head first into any business or investment venture educate yourself about the rewards and the risks.
Passive income is recurring profit you receive without having to do much work.
If a passive income program claims you will not have to do any work at all, it's probably a scheme to get your money.
Unlike earned income, passive income is not related to your time.
Most successful investors believe that the difference between the middle class and the rich, is that the rich have created streams of passive income which do not require their direct involvement.
Therefore, their time and energy can be spent on yet another business opportunity.
It is the closest thing you will ever get to being in two places at the same time.
Do not confuse passive income with residual income.
Residual income is money made from doing work once and then collecting 'royalties' on that work.
Sitcom actors, photographers, and writers receive regular income off the resale of their original work.
In addition, multilevel marketing and network marketing are not really passive incomes either.
They require a great deal of work and regular attention.
Any money made from a business is earned income, not passive.
One of the most popular ways to make passive income is through real estate.
If you purchase and own an investment property like a house, commercial building, or apartment you are creating passive income.
Savings accounts, CDs, and monkey markets are also ways in which to create a passive income.
You only have to set these business ventures up once, and each month they turn a profit for you.
Website banners and Google AdSense are also known as passive income generators.
Investing in a business that you do not run, that you receive a profit from, is another instance of passive income.
Passive income is a great way to supplement your current job, and financial investments.
Passive investments need to be researched and understood before you decide on them.
While passive income does take a bit of work it, can be done from anywhere.
Management of your finances can be done from the privacy of your bedroom, lounging at your vacation home, or from your office.
If financial freedom is your goal consider passive income streams today.
-Brian Tracy Passive income is a hot phrase in the current economic market.
The world wide web is full of websites which try to sell you the newest, quickest, and easiest way to make money now!Before you jump head first into any business or investment venture educate yourself about the rewards and the risks.
Passive income is recurring profit you receive without having to do much work.
If a passive income program claims you will not have to do any work at all, it's probably a scheme to get your money.
Unlike earned income, passive income is not related to your time.
Most successful investors believe that the difference between the middle class and the rich, is that the rich have created streams of passive income which do not require their direct involvement.
Therefore, their time and energy can be spent on yet another business opportunity.
It is the closest thing you will ever get to being in two places at the same time.
Do not confuse passive income with residual income.
Residual income is money made from doing work once and then collecting 'royalties' on that work.
Sitcom actors, photographers, and writers receive regular income off the resale of their original work.
In addition, multilevel marketing and network marketing are not really passive incomes either.
They require a great deal of work and regular attention.
Any money made from a business is earned income, not passive.
One of the most popular ways to make passive income is through real estate.
If you purchase and own an investment property like a house, commercial building, or apartment you are creating passive income.
Savings accounts, CDs, and monkey markets are also ways in which to create a passive income.
You only have to set these business ventures up once, and each month they turn a profit for you.
Website banners and Google AdSense are also known as passive income generators.
Investing in a business that you do not run, that you receive a profit from, is another instance of passive income.
Passive income is a great way to supplement your current job, and financial investments.
Passive investments need to be researched and understood before you decide on them.
While passive income does take a bit of work it, can be done from anywhere.
Management of your finances can be done from the privacy of your bedroom, lounging at your vacation home, or from your office.
If financial freedom is your goal consider passive income streams today.