Passive Income Generating Junkies
Everyone is talking about and chasing passive income because it has many advantages compared to working on a regular job or running a brick and mortar business.
- A lifestyle of Freedom!
- You Can Work Anywhere!
- You Can Achieve Financial Freedom!
- You Earn While Doing What You Like!
Why You Need This eBook?
Why jump on a bandwagon when you can create your own?
You Do Not Have a Boss
You are completely independent. You work when you want!
You can claim business expenses for tax purposes!
A Lifestyle of Freedom
Passive income allows you to travel anywhere in the world any time!
You Earn While Doing What You Like
Most people set up passive income based on what they enjoy most!
You Can Work From Anywhere
You can choose whether you want to work at home or where ever!
You Can Sell The Business
You fully own the business or the asset that provides passive income!
Advantages of Earning Passive Income
- You do not have boss
- You can put in maximum effort
- A lifestyle of freedom
- You can work from anywhere
- You can achieve financial freedom
- Your income is not tied to time
- Tax benefits
- You do not get fired or laid off
- You can sell the business or asset
- You can outsource some of the work
- You earn while doing what you like
The Advantages of Earning Passive Income
The term passive income is used these days to mean money that is being earned regularly with little or no effort by the person who receives it. Recently it is used more for work-at-home schemes and the be-your-own-boss lifestyle. Generally passive income refers to interest received, rental income, retirement pay, gains on stocks, royalties from music, plays, movie scripts or book sales, capital gains, lottery winnings, and dividends. (1)
There are two major keys to success in creating and realizing passive income. First, it does not matter what kind of passive income it is, you have to work very hard upfront to create the system that brings you the passive income. You may have to invest in property, or invest in company shares, or buy a retirement annuity early in life, or invest in government bonds, or create music or write books or create software. All these assets will earn you money long after you have finished buying/creating the asset.
Secondly, you automate the system. Once you are done investing time and money, you subsequently do little or no work while the system churns out money for you. In rentals you have real estate agents who manage your property and collect rentals for a fee. In retirement annuity you start receiving money from the retirement scheme, say after the age of 55. If you work online you take advantage of systems of automation that allow transactions, cash flow, and growth to happen without requiring your real-time presence, except a few emails or articles per week.
In essence, passive income ensures that you do not trade time for money on a daily or hourly basis. You invest all your time upfront as you work very hard to put it all together. Even online, you work very hard to create your products, whether they are courses or books or software. And success normally takes time and money for marketing before you reap the benefits. If anyone tells you about overnight success, they might be enticing you to buy their own products that are not necessarily good enough. But real passive income is possible and you too can create it. (2)
Online Business | The Modern Passive Income
As at March 31, 2017, 3.7 billion people were online. That is 49.7% of the world population. It was estimated recently that over 1 billion people worldwide, and over 100 million people in America alone, play online games on a regular basis.(3) And a great percentage of people now buy goods online (4) (95% of the British people buy online which explains why amazon.com and other online retail platforms are very popular and keep growing. As at March 2017, there were 1.94 billion monthly active Facebook users and 1.28 billion people logged onto Facebook daily in the first Quarter of 2017, which represents a 18% increase year over year.(5)
So the internet is huge and it keeps growing. It now dominates our lives and it is changing the way we play, communicate, and purchase goods and services. The internet cannot be ignored any more.If you are looking for a way to make money as a professional and a skilled person, you can freelance online and serve international clients.
Learn More About The eBook
If you prefer to earn passive income, think of the 3.7 billion people who are online daily and a great percentage of them are looking for particular goods and services. You can have a piece of the online income pie if you put your mind to it.
What you need to do is decide how exactly you want to earn a passive income so that you too can create lasting wealth while enjoying a freedom lifestyle while working in your pajamas.
If anyone tells you about overnight success, they might be enticing you to buy their own products that may not necessarily be good enough. But real passive income is possible and you too can create it!