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Passive Income Opportunity

By Edited Nov 27, 2016 0 7

Passive income opportunity, you hear about the concept nearly everywhere. What is so great about the chance to make money either through passive income or residual income? You can make a fortune doing this, really. I am being totally serious. That is not to say it does not take time and effort to do so, but the advantages accrue over time.


This is not joke, passive income business opportunities are some of the best kept wealth building strategies anywhere. Why? You put in the effort once reap the rewards for month to many years in the future.


Why don't more folks choose to make their financial futures, travel dreams or dreams of a better life reality? Fear, they are afraid to succeed, they would rather fail by working with a false sense of security for somebody else. Well, I pose one important question to you, why not start part time? You get the benefit of the regular income, with the insurance of a small hobby passive income business that will make more money over time. Month in and month out your efforts will compound as you create a larger portfolio of moneymakers.


How?


The answer may be found in the difference between creating passive income and earning a wage. You see, with a job you do work and get paid the agreed upon wage for your time. Once you get paid, you need to do more work in order to make more money. You are limited by your skills, your age, but most importantly the finite number of hours and days a month you can work.


Making money with passive and residual income does not do limit your earning potential. Every month you add to your portfolio, so every month you make money from the entirety of your portfolio from months and years past in addition to the work you put in this month. Over time your portfolio can, and often does grow to enormous proportions. Most who work steadily over time make sustainable income, and generate steams of income which produce for years rather than one paycheck.


What kind of passive income opportunity should you look into finding? I can not answer that question for you. There are many legitimate passive income opportunities out there and all are right for someone. Pick you passion whatever it is and get started today. There are passive income business opportunities in photography, writing, marketing, Internet marketing, and music just to name a few.

Find out the best five legitimate passive income business opportunities, and how to get started.

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Comments

Sep 5, 2009 2:01am
retireyoung
Nice article, but it would nice to hear more about how to actually set up passive income streams.
Sep 30, 2009 5:39pm
makebigmoney
It's in the second part of this article. My bad! I had not finished writing the second one when I posted the first.
Mar 26, 2010 9:37am
kp3028
The concept of passive and residual income isn't new.
Oct 25, 2011 8:54am
Hypersapien
Thanks for the info, although I'm still trying to find passive income ideas.
Nov 15, 2011 12:39pm
tal2121
Check out my article for some ideas
Nov 15, 2011 9:17pm
tal2121
Check out my article for some ideas.
Mar 27, 2012 11:05am
toebunkers
I've just read Robert Kiyosaki. I need to set up some passive income assets.Thanks for this article.
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