The Passage to Passive Income
The Passage to Passive Income
Generate Truckloads of Passive Income and Live the Four Hour
Work Week
The Passage to Passive Income Any income where the individual does not have to physically earn is called passive income. This of course is an incredibly attractive way of earning an income and indeed those who are lucky enough to make a decent living this way are quite happy.
There are currently some extremely popular and common ways to derive passive income. Writing a new melody or song or even a jingle and selling it as a commercial property will garner some very lucrative passive income.
Opening a bank savings account is another way which just by saving money get the individual some interest residual income though it is not that much and fluctuates often at the whim and fancy of the banking systems.
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Starting a multi-level business is another way to generate passive income. There are some multi-level companies that don’t require the standard work of recruiting and selling products but just to use their products. Becoming a financial product consultant is not only a good passive income source, but also a way to expand the client base.
For those with a little more money to spare, they can consider other types of investments which are likely to bring in returns. Buying property and letting it out helps the individual to pay for the loan thus not requiring any immediate financial commitment.
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