How Would You Create Passive Income

By Author: Paul Colley
Total Articles: 4351
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What in the world is Passive income anyway. The dictionary describes passive income as
"of, relating to, or being business activity in which the investor does not have immediate control over income"
I beg to differ. Passive income is an income you can generate from doing something, then
keep getting paid for it over and over again without doing much work. It is income
you are generating when you are not working on it.

So how do you create passive income?

1. Dividends: One of the best, most consistent forms of passive income. Dividend paying stocks are generally about as rock solid as you can get in the stock market, and pay consistent dividends. This is pretty much guaranteed money.

2. Real Estate: If you own real estate and currently have tenants, you should have some sort of positive cash flow. This is mostly no hand on - that you get that income month after month.

3. Equity Growth - Month after month, year after year, your investment real estate grows in value. The longer you hold it ( barring bubbles or bad market conditions ), the more equity you gain.

4. ...
... Passive income opportunities- There are online opportunities that arise that will allow you to earn passive income month after month

Why would you want passive income anyway? I'll tell you this, like Robert Kiyosaki goes in detail in The book "Rich Dad Poor Dad", the main difference between the rich and the middle class is that .
What the rich do is invest their money in different passive income streams. When their passive income exceeds their expenses, they are then financially free. Just meaning that you do not have to have a day job to pay your expenses.
So you are free to then do whatever you want!

Streams of passive income can take a bit of work to get started, plus it may even take a little work to maintain, however they are well worth it.
So be in it for the long haul.Building passive income is something that takes time. If it didn't, everyone would be doing it. So keep this in mind, and don't expect to be retiring within days, weeks or
even months.

About the Author:

Paul Colley
online biz guy from
passive income