Have You Thought Of Passive Income?
What is passive income? Passive income can be defined as an income that you can receive on a regular basis, with little effort on your part to maintain. There are a number of examples of this kind of income, such as:
1. Rent from property. Your property earns you income every month or any period you agree upon with the one using it. The money to be paid is usually fixed. The only effort you make is an initial investment in form of the building.
2. Royalties from publishing a book or from licensing a patent or other form of intellectual property such as computer software products.
3. Earnings from internet advertisements on websites.
4. In some countries income from pension is also considered as passive income because it does not require your presence to be realized apart from the initial effort that was made by contributing towards it during the time one was in gainful employment.
5. We also have dividend and interest income from owning securities such as stocks and bonds.
6.Earnings from a business that does not require your direct involvement. There could be many more but these are just a few from which you can choose.
This particular form of income is ideal for many of us because it helps in reducing stress when it comes to balancing our budgets in our homes. It can also help us venture into other small businesses if that is what you want. It gives us more time to relax as well as having more time with our families.
As we are about to say goodbye to this year,and coming into the new year, what plans do you have to make some more income so that to some extent you are financially independent so that you have more time to enjoy with your family and friends? Remember that this is part of fulfilling the purpose of why you came to this earth, to be happy. For more information click: http://www.sitesell.com/Brian518.html.
1. Rent from property. Your property earns you income every month or any period you agree upon with the one using it. The money to be paid is usually fixed. The only effort you make is an initial investment in form of the building.
2. Royalties from publishing a book or from licensing a patent or other form of intellectual property such as computer software products.
3. Earnings from internet advertisements on websites.
4. In some countries income from pension is also considered as passive income because it does not require your presence to be realized apart from the initial effort that was made by contributing towards it during the time one was in gainful employment.
5. We also have dividend and interest income from owning securities such as stocks and bonds.
6.Earnings from a business that does not require your direct involvement. There could be many more but these are just a few from which you can choose.
This particular form of income is ideal for many of us because it helps in reducing stress when it comes to balancing our budgets in our homes. It can also help us venture into other small businesses if that is what you want. It gives us more time to relax as well as having more time with our families.
As we are about to say goodbye to this year,and coming into the new year, what plans do you have to make some more income so that to some extent you are financially independent so that you have more time to enjoy with your family and friends? Remember that this is part of fulfilling the purpose of why you came to this earth, to be happy. For more information click: http://www.sitesell.com/Brian518.html.
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