What is Passive Income?
Passive income is money you can earn over and over again from doing little to no work. Unlike active income, where the more you work, the more you earn and where you may be trading hours for dollars , passive income has an initial level of work or money at the beginning and then has a flat return without the same level of work going into it.
Lately, I have seen the buzz around town about home business opportunities is now putting more and more weight on investing in passive income rather than high ticket programs or “Network Marketing Programs”
Being in the home business industry, I have seen a lot of people pass off direct sales and affiliate marketing as a “passive” and while it could be to a certain degree, it is not really passive.
Think about it, in a traditional network marketing or direct sales company, you have the capability of building a team, leveraging the efforts of the team and your customers to create an ongoing residual income … but is that truly passive if you need to put in a consistent ongoing effort to maintain the residual income? It’s an amazing model but requires a lot of time and effort initially to build and consistent effort to keep that residual income going. For the most part, you can continue to receive a residual income from customers however if you ignore your team and don’t pay attention to what’s going on in the company or the industry, it could slowly slip away.True passive income is the path of the wealthy and a vital part of true financial freedom.
Passive income is independent of the amount of hours you work or referrals you have made. It is independent of time and location.
Just know, you will need SOME type of investment to get it started. You’re either investing your money to BUY your way to passive income, OR you are investing your time.
Passive income may involve an initial monetary investment, or some effort on your part but results involve a long term ongoing income based on those initial actions. In today’s environment, that monetary investment does not need to be huge.
Passive income has the ability to save you from financial catastrophe when you are no longer able to work. It has helped many get through difficult times.
Some examples of Passive Income:
Buying real estate that results in ongoing cash flow
Investing in stocks that yield dividends
Creating something that pays royalties
Creating a business or product where others sell for you and produce ongoing income for you.
Having personally been in the Financial industry for years, passive income has always been something to strive for. I just couldn’t ignore the importance of creating a passive income stream.
Not all of us have the money required to invest in real estate to create cash flow, nor have many o fus created books, products, or become rock-stars to receive royalties from our creations.
But in today’s changing economy, what if there were something that existed that involves a relatively small monetary investment, a few minutes of your time per day or week, to see an income stream coming back to you over time.
A Passive Income Strategy For You
I have partnered with some individuals who have put together a strategy to start and work your way up to a six figure income using this passive income model. It does not involve any special skills or knowledge. You don’t need to refer people and you can start with a fairly small monetary investment.
The model is based on crypto-based programs and income is not guaranteed. With any Crypto based program, please proceed with caution, do your due diligence and never use money you can not afford to lose. We are participants of the programs we recommend but not the owners and cannot guarantee results.
Download the PDF here for a full explanation and follow the steps to get started. Feel free to contact me with any questions.
Bottom line is, true financial freedom and peace of mind can be created in the form of Passive Income and is easier than you think.
To your success and outrageous goals,