5 Passive Income Streams
1. Rake In Rental (Real Estates)
Always buy a completed property BELOW the market value.
2. Make Clever Investments (Paper Assets)
$10,000 invested in a stock that trades @ $1 with a dividend yield of 6% (yield is the annual cash dividend divided by the stock price) gives you $600 a year.
3. Go into Cyberspace (Web Properties) / Cash in on your talents
When someone wants to buy my e-book/digital products, all I need to do is collect the money through a credit card processor like PayPal.
Sell digital photos online, via CDs / Royalties from books or songs that you have written.
4. Build a Business (Business)
If you have a good idea for a software product that will help people do something faster / easier or teach them something, then you may have found a potential.
Franchising is where people are paying for your idea of a biz operation, and therefore a good tool for expansion and getting recurring income.
5. Leverage the sales of others (Business)
a.k.a. Multi-level marketing / Network marketing
The trick to finding focus and making multiple streams of income is to "work on one thing at a time" (FOCUS - Follow One Course Until Success), and work at it until it is at the next plateau.
