The Quest for Passive Income

First and foremost, thank you for reading this article. It is my intention to share information and knowledge on the infinite methods of creatively building passive Income. Over the the course of the next 6 months I will be striving to achieve a goal of building a monthly passive income of $2000 by January 1st 2010 through creative ideas, goal setting and taking action on those ideas/plans.

Passive income is essentially putting your money to work for you instead of working hard for your money. There's nothing wrong with hard work but it is important to learn how to acquire passive income if you ever want to retire. Society can not rely on our governments to cover our retirements, nor can we hope to achieve financial security by handing our hard earned cash to the banks.

The best way to get started on your own journey is to begin reading and educating yourself on the world of investing. Going to a bank for financial knowledge is a great idea if you'd like to learn about what not to do. Mutual funds, GIC's and RRSP are essentially the bottom of the investment food chain.

This is the beginning of my journey and I will do my best to make this Hub Page interesting and informative. Ultimately I want to help others acheive their financial freedom through teaching and sharing ideas of creative methods to build passive income.