Do you believe in the power of passive and residual income? And if so why should everyone...
Yes I believe in the power of passive and residual income. Most income takes consistent work especially online where things change on a daily basis. I think passive residual income is very rare.
Not really. From what I've seen of successful internet entrepreneurs, no income is ever truly passive. For one thing, you must be constantly promoting (or paying someone to promote) to keep your sites in the eye of the search engines. For another, the internet changes so fast, and your competitors change so fast, that no one can afford to rest on their laurels.
Yes, passive income is a reality! It usually come in trickles but once the trickles grows it becomes a stream, then the stream becomes a river until nothing can stop it! An example of it is the power of compounding usually applied to interest rates. If you can implement it on an online business, then you will feel its power.
Everyone should implement passive income streams because it's the path to true freedom. Freedom from needing to work daily. Freedom to travel where you like. Freedom from worries about money.
In the past it required a fair amount of money to create passive revenue streams in real estate or stocks but the Internet has changed all that. Hubpages is a good example of an investment in passive income that requires nothing more than time. And just about everyone has some time to spare here and there, enough to create quality hubs slowly but surely.
And even if you never achieve 100% success you'll still see huge benefits from achieving less, even 10% success will enhance your life in so many ways!
Passive income is a great way to prepare for retirement. With a passive income you could be making money while you sleep. Someone before me mentioned Hubpages and they are right. Blogging is the new form of creating a successful passive income. With a passive income you can gain freedom from a 9 to 5 job and you can also dictate when and how much you work.
by liljen237 years ago
I wrote 2 hubs on passive income but I want to know passive income in your own words and how much you are making on passive income??
by Senadheera Jayakody7 years ago
What are the best websites for earning residual income for writing articles?Do you have any idea about other websites like Hubpages.com, Helium.com, Squidoo.com, AssociatedContent.com, etc. to earn a residual income as...
by Casey Johnson21 months ago
Does anyone have any good ideas for making passive income?I've transitioned over from working for the man and I now stay at home and let money work for me. Do you have any good ideas that you would like to share on how...
by Asa Schneidermann3 years ago
I need some new ideas for PASSIVE INCOME. What are some of the ways you earn passive income?Beside Hubpages and thinking of buying a house to fix up, does anyone have some ideas for me on other ways to earn...
by Danielle Lopez3 years ago
Is it possible to live off of passive income alone?If you live off of passive income alone, how did you do it? What steps did you take to get to that point in your life?
by Jessie Watson2 months ago
At what age did you start thinking more about your financial future? And how did you go about building a savings? (Set aside circumstances and socioeconomic details. Some responses may be subject to the cohort effect....
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