Passive Income

[kaunain]

What about network marketing ?. Company like Amway, QuestNet etc ? any experience ? pl do share.

[amesibub]

One thing that annoyed me in this post is people saying that lazy people look at passive income.

I don't think being sick classifies as being lazy and that is a big reason why people look at passive incomes. So if they need to stop working for whatever reason, they can still make money.

That's not lazy. That's smart.

Any idiot that says it's lazy shouldn't be in business.

-- Amie

P.S. Being one of those people who is constantly sick, I understand the need to have a passive income.

[roadtoharvard]

Index fund investment as a passive investment strategy may be something for you to consider. Just make sure to get your asset allocation right to maximize risk adjusted returns (based on personal profile, goals and risk tolerance yatta yatta yatta). Probably best to consult with a professional unless you're into the DIY which would entail learning about financial concepts (which is not a bad thing in and of itself).

[Xanifur]

Originally Posted by buynick

Renting a house is not passive. Renters can be a real pain in the ass, and there's very little money in it.

Have you done your research? Sure it can be a hassle, but thats what property managers are for. There are huge amounts of money to be made in real estate if you know what you are doing and are educated.

[creationhub]

Well said by all. As for me, nothing is ever wrong about how we look at passive income.

Passive income in my mindset is something that keeps on generating money or income whether I am actively looking at the business or not. My present online education business is the best example I can look at. It is not just one time income but the earnings come in every month. Today, even when I take a long break away from work or go on a long holiday, the only work I'd be doing will be checking on when the money would be in my bank.

Having a passive income effectively will make our lifestyle different. Today, I decide to be an infopreneur and use my website and time and energy to help inspire others globally to make the difference in their financial lifestyle.

[creationhub]

Yes, Amie, I agree with you.
To me, passive income is not being lazy. It is work smart and not work hard. We all need to understand that passive income is not making us any worse but more motivated and inspired to move to do greater things in life.

Originally Posted by amesibub

One thing that annoyed me in this post is people saying that lazy people look at passive income.

I don't think being sick classifies as being lazy and that is a big reason why people look at passive incomes. So if they need to stop working for whatever reason, they can still make money.

That's not lazy. That's smart.

Any idiot that says it's lazy shouldn't be in business.

-- Amie

P.S. Being one of those people who is constantly sick, I understand the need to have a passive income.

[NYAC]

The truth is that work is work, it makes absolutely no sense to say that if you make passive income you're lazy, on the contrary I think it says you're smart, you were able to tap into something that is generating you money... it didn't do it by itself... you had to work to get it going....
I get up everyday by 6 and I'm usually up well into the night, whether studying or working, and through "hard work" I've been able to make happen a few forms of passive income so that I can have recurring money coming in while I'm working on other projects....
So for the ones that believe passive income is being lazy..... just try it.... see how "easy" it is to have a business that feeds you money on a regular basis without having to be on top of it 24/7 ...... again, not lazy, it's genius!

[rayk]

Originally Posted by Aletheides

The internet is a passive income paradise.

You are right, the internet is a passive income paradise.A friend of mine shared this internet opportunity whereby you pay $150 and you are paid commission.Launched in OCt 15th and more than 20,000 people have signed up.It is an amazing passive income as many have been paid including me.Those interested you can email me for the URL.
Kind Regards,
Raymond
rkwil@hotmail.com

[Bestmiler]

Originally Posted by Aletheides

The internet is a passive income paradise.

x2 if you know what you're doing

[chris009]

Hi there, I'm new, and just had to reply to this thread.

Seems like the majority of the posts in this thread were based on people's personal views on "passive" income.

Personally, I think passive is a real bad word to use. Especially with people that are money conscious. Passive shouldn't be in people's vocabulary.

I think we can all agree that it's better to work smarter, than harder.

The way I look at passive income(not that I call it that), is it's about how you invest your time. Time is all we have, so making proper choices with it is best. We probably all agree that working for a flat rate per hour won't make you rich. The best way to spend your time is building things that make money. And things could mean a website or it could mean a corporation.

I like robert kiyosaki(i know that's spelled wrong) and I don't like him in ways. He makes the ideas seem very turn key. Turn key means coming in at the end of the day, use your key to open the door, take the money, and lock the place back up. It's true you could eventually make it to that point, but the time invested to get to that point is a lot. 20 hr days are tough.

As for his books, you don't need to read'em, you can pretty much sum up the points in the book, in a paragraph. Though, I am thrilled to get those points from reading it, I just wish I had the paragraph, it would of saved me time.

The original poster of thread, does come off lazy. It's just the way I perceive it, not saying you are though. It just comes off that way. But don't you have any dreams and interests and just a desire to kick ass in business. If I had a passive income I could live off of in my 20's I'd be pretty unfulfilled. Don't you want to build something that could be big? Don't you want to go against the odds when all your family is saying you'll never succeed, just to win? Don't you want to experience what it's like to work 100hrs a week building something that most people in this world don't have balls to do?

Life is about living. Entrepreneurship is about being aggressive with your goals. Passive is a poor word. But don't you want more.

[livinlarge]

I agree with John. There are plenty of legitimate opportunities out there where true passive income can be created. I am currently involved in a company that is creating very good passive/residual income. It can be done and there is nothing lazy about it.

[Whatisthesecret]

Passive and residual income is THE ONLY way anyone can ever really be financially free. I would rather get paid for 100% of 1000 peoples efforts than just 100% of my own. It's kinda like the doubling a penney every day thing. If you have money working for you everyday instead of working for it, you will gain success much quicker. There's alot of ways to achieve this and since it's the 21st Century I believe that it's going to be the only way people are going to become rich. Good luck with whatever you find. My business is striving!
Jason

[mellom]

I think of smart investments like money markets, and mutual funds. As a Web Developer, creating a site or application that can stand on its own is a great example. And of course - monetizing your blogs or websites.

[johnbears]

Originally Posted by chris009

Hi there, I'm new, and just had to reply to this thread.

Seems like the majority of the posts in this thread were based on people's personal views on "passive" income.

Personally, I think passive is a real bad word to use. Especially with people that are money conscious. Passive shouldn't be in people's vocabulary.

I think we can all agree that it's better to work smarter, than harder.

The way I look at passive income(not that I call it that), is it's about how you invest your time. Time is all we have, so making proper choices with it is best. We probably all agree that working for a flat rate per hour won't make you rich. The best way to spend your time is building things that make money. And things could mean a website or it could mean a corporation.

I like robert kiyosaki(i know that's spelled wrong) and I don't like him in ways. He makes the ideas seem very turn key. Turn key means coming in at the end of the day, use your key to open the door, take the money, and lock the place back up. It's true you could eventually make it to that point, but the time invested to get to that point is a lot. 20 hr days are tough.

As for his books, you don't need to read'em, you can pretty much sum up the points in the book, in a paragraph. Though, I am thrilled to get those points from reading it, I just wish I had the paragraph, it would of saved me time.

The original poster of thread, does come off lazy. It's just the way I perceive it, not saying you are though. It just comes off that way. But don't you have any dreams and interests and just a desire to kick ass in business. If I had a passive income I could live off of in my 20's I'd be pretty unfulfilled. Don't you want to build something that could be big? Don't you want to go against the odds when all your family is saying you'll never succeed, just to win? Don't you want to experience what it's like to work 100hrs a week building something that most people in this world don't have balls to do?

Life is about living. Entrepreneurship is about being aggressive with your goals. Passive is a poor word. But don't you want more.

Hi Chris009,

Thanks for adding your insightful thoughts to this discussion. First of all, we can argue all day and night about the word passive and if its lazy or not. Also we can argue if being lazy is a good thing or not? But I don't want to argue, no, I'd rather agree because I am lazy (in a good way). I agree with you that one should work smarter and not harder!! That is what I call passive income. So in my language "passive income, laziness" is a good thing which in your language is "work smarter not harder" which is also a good thing. So now we agree but used different terms. Communication problem solved. I also agree that I came off a bit lazy in my opening post and that in fact I am lazy in a good way because I want to work smarter but not harder and longer. I am not lazy in the way that I would not want to work at all. I am lazy in the way that I do not want to waste my precious time on rate of $20/h for the rest of my life. No I agree with you, time is all we have.

So now I ask you Chris009, since you are a fan of "work smarter, not harder", why did you not only read that one summary paragraph from robert kiyosaki's book. Why did you work harder if you could work smarter?? Please work smarter since you could have read summaries of robert kiyosaki's books.
Proof: Free Book Summary : Rich Dad, Poor Dad By Robert T. Kiyosaki , Business Summaries - Why We Want You To Be Rich By Donald J. Trump and Robert T. Kiyosaki , etc.

Please contribute to this discussion by adding some more passive income opportunities. Thanks.

[sara_brady]

What about actually working hard for a living? Not all of us have trust funds to invest in derivatives, ventures, etc. and sip pina coladas in Tahiti!