20th May 2019
Passive Income Review:
Learn Passive Income Secrets That Can Change Your Future
How to passive income making serious residual money from home – Ask anyone on the planet whether they’re interested in increasing their wealth, and the greatest number of them will say yes. But ask them if they’re ‘serious’ about it, about half will shrug their shoulders. Why is this? Because most people aren’t even ‘serious’ about their health, let alone their wealth. However it’s those people who are truly committed to action that make a real difference in their own lives.
The major difference between the wealthy and the poor is that wealthy people take action (since they are committed to their wealth), whereas the poor are people who tend to think about change, but rarely take the actions necessary to make that change.
If you are serious about increasing your wealth, then you are going to want to keep reading, because it’s the starting point. This is where it all gets very serious, and where change will follow.
So you are committed, right? Since you are still reading, you must be. Okay, let’s get to the meat of the issue.
What Is A Passive Income
Many people have heard of ‘passive income’ but very few fully understand what it means. Passive income is defined as income that you do not have to work for. In other words, if you are on a beach on holiday with your family, you can still be earning money. The key to generating ongoing and growing wealth is to work for passive, and residual income instead of active working income.
For example, no matter if you are a Doctor, Lawyer, Waiter or an Astronaut, once you stop working, you make no money. Your working income is gone. You may have plenty of money, but you don’t make any more unless you put on your work clothes, get in the car, and go to work.
The rich however tend to focus on earning passive and residual income instead, so that their wealth grows each day, whether they go to work or go to the Bahamas to work on their tan. That is why the rich keep getting richer while everyone else gets poorer, and poorer, and poorer.
Fair warning though! Do not think that building a passive income is easy, it’s not. It takes some work to establish your base, and it takes planning and commitment to build that base, and unless you build your base, that passive residual income will never come.
Let’s think of it another way. You could spend 40 hours this week working for an insurance company as an office clerk, and you’ll only make $20 or $30 an hour at the end of it. But spend 40 hours working on building your passive income and you can get that $20 or $30 an hour (and much, much more) rolling in all day, every day – even on weekends! You have to work smarter folks, not harder. So…
What Is Smart Passive Income About
A passive income grows on a regular basis, with little or no effort required from you to maintain it. That’s why its called residual. Imagine earning $400 before you even get up in the morning. Imagine earning $50 as you eat breakfast. Imagine going on holiday for a week and coming home to find a check for $2000 in the mail. That’s passive income.
So how can you make this happen? Well, step one is to not quit your day job, as it will take some work before you are able to live off of your passive income and quit the 9 to5. Building passive income is long term thinking – not short term, so in the meantime you need to keep your bills paid. But remember, the wealthy are those that take action. The poor are those that come home from work and ‘switch off’.
Passive Income Ideas For A…
Real Estate is one of the best ways to achieve passive income. For example; If you buy a property or commercial building and lease it out, and your mortgage payments are less than the rent you bring in, then you have just generated a passive residual income.
The big problem is, of course, that most people do not have the massive amounts of capital required to buy real estate. So you may have to lower your sights a little to make smaller amounts of passive income, with a much smaller investment, so you can work your way up to property investment later.
MLM, or Multi-Level Marketing, has long been a source of passive income for people that do not have the big money to invest upfront. While some people shy away from MLM systems, you must understand before going in that the way they work is not like you see in the infomercials.
You don’t just join an MLM system and instantly start making hundreds of thousands of dollars – you have to work at it. If you know anyone that has made it big in the MLM business then chances are they put in long hard hours. The best way to generate passive income is to find a real business that requires no selling.
But there are successful online businesses out there that generate a consistent and strong passive income without the hassle of selling. They also didn’t need hundred of thousands of dollars needed to get started.
The one way I’m talking about is as an affiliate marketer.
How To Make Money With Affiliate Marketing For – Passive Residual Income
If you have a website already then this is a no-brainer. Some people are making over $5,000 per month with the company I’m a member of. This company teaches people how to make money online with their online training.
Affiliate marketing can be a great way to make passive income because when people click on the affiliate links on your site, you receive a commission at no additional cost
Remember – the wealthy take action. If you are serious about increasing your wealth you will too. Read on if you are ready to take such action…
Legitimate Home Based Business – With Wealthy Affiliate You Can Create A Passive Income
Wealthy Affiliate (the company I’m with) celebrated signing up its one millionth member few month’s ago, and the membership is increasing month by month. Following many years of development by the two owners, wealthy affiliate is quite simply one of the most advanced online business and training systems of its kind in the world today.
The Wealthy Affiliate platform attracts people who want to be their own boss and are serious about building an online income. So, if you already have a product to market, or you are currently involved in any other home-business opportunities or affiliate programs, then Wealthy Affiliate can help you make additional income generating product sales too.
At Home Business Opportunities
Carrying on from the above part of this article. Have you always struggled to find the right home business opportunity, or the right training to get you up and running with your own home business?
Though there are plenty of home based business opportunities floating around, there is also a lot of hype that comes with them. This being so you could find it really difficult to separate the crap from the genuine and find one that really fulfills all of what it says it will. This of course is to give you the best possible start, so that you actually earn an income from the internet.
Things to keep in mind before starting work at home business
Making money on the Internet from home based businesses is easier when you start at the top. By this I mean the proven home based business opportunities.
Bear in mind, there is no shortage of home business scams. While most home based business opportunities claim that you will earn guaranteed money where you have to do little or nothing – very rarely do they actually deliver.
Wealthy Affiliate on the other hand does not make you money as such. What it does do is give you the tools, training and advice that will enable you to make money from the internet. How does it do this? Its simply the best home based business training program where anyone can learn how to generate an income from the internet at home. I mean Real Money From An Online Home Business That You Built Yourself.
If you are committed to creating passive income for you and your family, and want to start small and build a strong base, then take the next step and watch the video below.
The bottom line is – irrespective of the nature of any home business idea you have, you will receive:
- Free websites
- Free Internet Hosting
- Free Domain Names
- Free Keyword Tool
- Free getting started lessons
- Live Chat
- Private Messaging
- 24/7 Help & Support
Its free to join and you can stay for as long as you want as a free member. There is a one off upgrade that will cost you $19 for the first month. After that its $49 per month, but there is a huge discount if you buy the yearly membership. This works out at about $30 per month. You can also leave at any time and take any website(s) you have created with you.
Online home based businesses have great prospects folks. Join Wealthy Affiliate today and you are on your way to financial freedom and success.
Before you head off to take a look at all you can get as a member of Wealthy Affiliate perhaps you can spare the time to leave a comment below. Tell me and the other readers of this article your own thoughts of having your own online business you can run from anywhere in the world.
I will reply to any and all questions.
Have an awesome day folks and hope to see you on the inside where I and a million plus other members will help you all we can.