Download or read book How to Make 1000 Per Month in Passive Income and Travel the World written by Khan Abdul Rauf and published by . This book was released on 2020-03-09 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Passive Income Freedom!Is it real + possible? Do you need a lot of money or special skills? Can anyone achieve this? Are there top home-based business options?If you ever asked these questions, this book will give you answers and show you in 18 Step-by-Step Blueprints that - yes - Passive Income Freedom is definitely real and achievable for everyone: Including YOU! Even as a total beginner.What you will not find in this book are get rich quick schemes or inflated promises.This book is not for lazy people or tricksters trying to beat the system.These are solid, proven passive income blueprints that do take work in the beginning and certainly have a learning curve. Like anything worth having.But...If you every wondered: How do I start a passive income business, all the steps of how to start a passive income business...and (very important for many people): Can you start a passive income business at home?Then this book will be an amazing resource. Taking you by the hand and giving you: A Tour-de-Force Ride through the many - vastly different - realms of passive income entrepreneurship.So you know what's out there. What the best ways to make passive income are, including many home-based online business ideas, and you can then decide which path to choose - with - an action plan in place on how to get there.Don't worry, these are fun...: )You will smile, you will be excited - and - you will have a sound passive income strategy in place once you finish this book!So...if you are ready for FREEDOM- Ready to get out of the rat race and the drudgery of boring, unfulfilling jobs, - Ready to get out under that pile of debt and bills to pay, - Ready to become the person you were meant to be with the freedom to pursue your passions and share some AWEsome with the world...Then...Scroll up to the top and hit that BUY BUTTON for your very own Passive Income Freedom...: )

Download or read book How to Make 100 000 per Year in Passive Income and Travel written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book 7 Proven Methods to Earn Passive Income Online written by Jack Wise and published by Falcon Publishing. This book was released on 2019-04-23 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: No more excuses. Stop reading about other people getting rich online. Today it is your turn. The time has come to take action and comprehensively upgrade your lifestyle. Finally, a comprehensive guide to earning a diversified, passive income online. Follow this guide and you can transform your finances and all from the comfort of your own home. With these seven techniques you'll be able to earn a living from a serene beach, beside a picturesque mountain, or even from your own bed. All you need is a laptop and internet access. This is not a scam, I’ve done it. While it isn’t rocket science, it also isn’t easy, nor does it require no effort or skill, so if you’re not down to put in the required upfront effort, perhaps it is best that you stop reading now! If you possess the drive to change your life today, read on for seven tried and tested ways of earning fast, easy income online.

Download or read book How to Make 100 000 Per Year in Passive Income and Travel the World written by Chase Andrews and published by Cac Publishing LLC. This book was released on 2017-03-07 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether your goal is to retire on a remote island or simply spend more time with your family, this book can you get you there. Discover 14 passive income strategies that everyday people are using to take back control of their time and make the most of their lives.

Download or read book How to Earn 100 000 a Year for Passive Income Early Retirement and Travel Around the World written by Fan Po Ming and published by Independently Published. This book was released on 2019-01-30 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States, worth $300 million in car sales master Grant. Grant Cardone has recently been very popular with financial media. Of course, the content he shares is indispensable to the business, the success of sales, self-motivation, etc.; but unlike the general business guru, this dude likes to talk, including financial management. These five steps are also the highlights of his recent sharing: Calden Financial Management Five StepsSet goals, prohibit material desires, increase revenue, continue to invest, and execute repeatedly The first step is to set an ultimate goal of accumulating wealth before retirement, and then earn one-tenth of this goal with the fastest speed. For example, "If you want to have $10 million before retirement, then your first priority is to make a quick profit of one million dollars." This bucket of gold is important for you to create more wealth. Investment principal. In the second step, you must reject all "showing" consumption before you earn the first pot of gold, such as buying a more dazzling car or buying a beautiful watch that will envy your friends. In the third step, after you have the first bucket of gold, you must work hard to increase your work income, or reduce your expenses. You must use the fastest speed to achieve the realm of "40% of work income per month." The fourth step is to continue to invest in the first barrel of gold and the remaining money of the month, invest in the target with "long-term value-added opportunities," and hold it for a long time, and do not arbitrarily redeem it. Or, invest in financial tools that can consistently create cash flow.The fifth step is to repeat the first four steps until you find that the passive income generated through the investment has "equal to or exceeds" your main work income. "This means you no longer need to spend your time or energy to make money. Congratulations! You can be yourself without fear." Did you find out? Although the initial goal setting was 10 million US dollars, in the end, Calden was based on "passive income over salary" as a measure of the work of retirement financial projects. The five major steps he has proposed are not so much to "earn wealth," but rather to let you "accumulate wealth" step by step, and transfer funds into passive income commodities before retirement. Today, Calden's identity is no longer a super salesman, more of the title of a well-known financial coach in the United States, it writes a lot of books related to financial management, teach readers how to accurately target the financial goals of each stage, and create passive income. For many wealth management people, the words "passive income" do have some magic. The so-called passive income refers to the source of income that does not have to be laborious and laborious, but also allows the money to flow smoothly and automatically. Among the various types of investment and wealth management products on the market, there are indeed many tools that are "limited in risk and can be fixedly distributed." But you will also find that in Calden's plan to create passive income, it is necessary to have a long-term resistance to passive income over salary. The five steps he proposed included two important elements: the principal, which included enough first bucket of gold and monthly investment amount; time, which is a process that requires long-term discipline and slow landing.If you want to create your passive income, this book will be worthy of your reference.

Download or read book RV Passive Income written by Smith Kennard and published by Smith Kennard. This book was released on 2021-08-06 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to be able to enjoy life on the road while making enough to live a comfortable life? Would you also love to travel the world while living in your RV but are unsure about what to do with your regular 9-5 and have no idea how you can make a sustainable income while on the road? If you’ve answered YES, You’ve Just Discovered The Perfect Guide On RV Living And How To Make Passive Income So That You Can Travel The World With No Financial Worries! Living in an RV is simply freeing. Working in one remotely and getting to do all the things you want to do, well, that’s a little slice of heaven. As great as all this sounds, it can be a little frustrating if you don’t know what kind of work to do to earn an income, away from an office setting. But don’t worry, there is a lot you can do and this is why this book is here! Here is a preview of what you will learn: · Why you should consider RV living · Tips on how to successfully adapt to RV living · The importance of passive income when it comes to RV living · The top 10 most profitable passive ideas to become financially free · Each of the ideas come with actionable ways on how to undertake each initiative · And so much more! Even if you are unsure of leaving your 9-5 or have never considered fully venturing into passive income before, let this guide show you just how good it can get with passive income. If you are ready to be free, Scroll up and click Buy Now With 1-Click or Buy Now to get your copy!

Download or read book RV Passive Income Guide written by Smith Kennard and published by Smith Kennard. This book was released on 2022-04-26 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do you want to be able to enjoy life on the road while making enough to live a comfortable life? Would you also love to travel the world while living in your RV but are unsure about what to do with your regular 9-5 and have no idea how you can make a sustainable income while on the road? If you’ve answered YES, You’ve Just Discovered The Perfect Guide On RV Living And How To Make Passive Income So That You Can Travel The World With No Financial Worries! Living in an RV is simply freeing. Working in one remotely and getting to do all the things you want to do, well, that’s a little slice of heaven. As great as all this sounds, it can be a little frustrating if you don’t know what kind of work to do to earn an income, away from an office setting. But don’t worry, there is a lot you can do and this is why this book is here! Here is a preview of what you will learn: · Why you should consider RV living · Tips on how to successfully adapt to RV living · The importance of passive income when it comes to RV living · The top 10 most profitable passive ideas to become financially free · Each of the ideas come with actionable ways on how to undertake each initiative · And so much more! Even if you are unsure of leaving your 9-5 or have never considered fully venturing into passive income before, let this guide show you just how good it can get with passive income. If you are ready to be free, Scroll up and click Buy Now With 1-Click or Buy Now to get your copy!

Download or read book Passive Income written by Roger Burns and published by . This book was released on 2018-04-22 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: You should know how lucky you could be when you are able to earn money while being asleep and living in an era where you can stimulate your entrepreneurial spirit, create businesses, travel around the world, and achieve a financially independent status in life . It is an era where technology offers you access to the whole world-- places, people, and platforms. All of which, provide you with a voice and opportunities.Indeed, things have changed, and this book, "Passive Income: 45 Best Business Ideas to Make $2,000 to $10,000 Per Month of Passive Income," will be showing you what is possibly perfect for you amidst the digital world of today! With the current technology, whatever you achieve will be completely up to you.So let's get the party started!

Download or read book HT MAKE 100K PER YEAR IN PASSI written by Chase Andrews and published by Inspired Publications. This book was released on 2016-12-20 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether your goal is to retire on a island or simply spend more time with family, this book can you get you there. Discover 14 passive income strategies that everyday people are using to take back control of their time.Follow the steps listed in this book and you will achieve financial independence much sooner than you ever thought possible.

Download or read book Passive Income written by Chad Tennant and published by Createspace Independent Publishing Platform. This book was released on 2017-03-16 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Passive Income Opportunities Have Exploded and There Is Money to Be Made! 1. Would you like to make an extra $1,000 to $10,000 a month? 2. Are you looking to diversify and attract multiple streams of income? 3. Do you desire to improve your business, career, and income prospects? If you answered "yes" to at least one of these questions, then this book is for you. It is an exciting time to delve into the world of residual income. The internet has exploded with countless opportunities from self-publishing books to online courses and from e-commerce to robo-investing. It is no longer a matter of where to look, but what to choose from a plethora of options. In Make Passive Income, I discuss 14 activities that attract unearned or "sleep" income. These endeavors are divided into four categories including content producers, techies, creative retailers, and investors. As a result, there's something for you in this book irrespective of your skills, knowledge, and experience. What's Inside - Fourteen (14) paths to passive income generation accompanied by the best resources to get you started - Get an understanding of passive income, advantages, disadvantages, and how it differs from earned income - Gain a realistic idea of how to make residual income and what's involved in the process - Learn how to avoid "The Feel Good Trap" and gain insights into product portfolio theory - Discover the advantages and disadvantages of online marketplaces to improve your strategic decision-making - Get numerous insights about achieving success and when you can expect to make your first $1,000 - Appreciate the importance of skill development and learning concerning passive income ventures Target Audience - Individuals seeking to make passive income part- or full-time - Experienced online workers looking for additional insights and advice - Newbies to "making money online" and location independence - Individuals seeking to trade in their dead-end nine-to-five jobs Start Reading Today! Generate income around-the-clock in less than 30-days. Scroll to the top and click on Buy now with 1-Click to get started. 100% Satisfaction Guarantee I have put my all into this book, but if you are not entirely satisfied with it, you may return it within seven days as per Amazon's refund policy. *Kindle Matchbook: If you buy a new print edition of this book (or purchased one in the past), you can buy the Kindle Edition for FREE. Print edition purchase must be sold by Amazon.

Download or read book Passive Income written by Anthony Aline and published by . This book was released on 2019-04-08 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: ★★Buy the Paperback Version of this Book and get the Kindle Book version for FREE ★★ Mаjоrіtу of the реорlе live on thе Aсtіvе Inсоmе. They аrе required tо trаdе іn their tіmе for mоnеу. Many реорlе wоrk 9-5 or 8-4 depending. And mаnу оthеrѕ nееd tо work оdd works tо earn a fіx income. Most Active Inсоmе еаrnеrѕ barely have enough mоnеу fоr rеtіrеmеnt and they hаvе tо work аll thеіr lіvеѕ. They аrе bounded by their wоrk аnd dерrіvеd of time. Thеу dо not hаvе financial frееdоm аnd they dо not have tіmе freedom. This book has brought you hope for the future.This book is packed to intimate you with another great and monumental way of generating income without having to pass through the stress and rigors of life in order to make ends meet as mentioned above.Passive income is another substitute for active income.You do not have to involve your effort and time before you can make a living.The era of slavery is gone.Working from morning till night with meagre income at the end of the day. Passive income іѕ соntіnuоuѕ іnсоmе generated from оnе time асtіоn. That mеаnѕ thаt thеrе is іnсоmе wіthоut your active wоrk. Pаѕѕіvе іnсоmе іѕ a rеnt rесеіvеd on a regular basis, wіth little effort required tо mаіntаіn іt. Sometimes раѕѕіvе income is called residual іnсоmе. The most outstanding and ultimate about passive income is you dесіdе whеn to work. Yоu dо nоt have to wаkе uр tо аn аlаrm сlосk and уоur tіmе іѕ уоur оwn. Now,thіnkіng аbоut how tо gеnеrаtе іdеаѕ fоr passive іnсоmе іѕ quite difficult, еѕресіаllу if уоu do not hаvе any idea аnd you are novice іn this kіnd оf buѕіnеѕѕ. In оrdеr for уоu to hаvе аn іdеа that will hеlр уоu сrеаtе passive or rеѕіduаl іnсоmе, this book about passive income will definitely be your guide. It is a must read I make bold to say. Your knоwlеdgе on hоw tо create wеаlth through раѕѕіvе іnсоmе will be expanded after reading this book, раrtісulаrlу іf уоu are wоrrіеd about hоw tо ѕаvе sufficient money іn оrdеr tо mееt your desired goals. Hоwеvеr, еvеn thоugh so mаnу реорlе have thіѕ knowledge or undеrѕtаndіng, thеrе аrе ѕtіll some whо dо nоt have еnоugh іdеаѕ fоr making passive іnсоmе. This category of people will equally find this book useful. Conclusively,if you trullу want tо enjoy lіfе аnd become frее оf a stressful job, I ѕеrіоuѕlу urge уоu to соnѕіdеr lеаrnіng hоw tо create раѕѕіvе іnсоmе. Unfortunetly, mоѕt реорlе hаvе nоt been trained іn financial еduсаtіоn and thereby continue to gо thrоugh thе paid jоb route. Thеу ѕlаvе оn a jоb for thе next 30 to 35 years аnd fіnd оut lаtеr іn lіfе thаt thеу hаvе given the bеѕt раrt of their lіvеѕ tо аn employer. I thіnk this іѕ ѕаd аѕ thеrе are ways tо liberate оurѕеlvеѕ fіnаnсіаllу. Dо not lеt аn employer steal thе best part of уоur lіfе. Seriously consider раѕѕіvе іnсоmе аѕ аn income орtіоn. So, this book is an option! ENJOY THE READING!!!THANK YOU!!! Scroll Up and Click the Buy Now Button!

Download or read book Passive Income written by Peter Becker and published by Createspace Independent Publishing Platform. This book was released on 2016-08-03 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Be the Boss of your life and Begin your adventure to make $300 - $10,000 in 90 daysWould you like: - Say goodbye to your 9 to 5 jobs? - Work in your comfortable clothes/pajamas? - Spend more time to do what you're actually passionate about? - Travel and explore the World? - Create a fun, easy-second stream of income? If that sounds good to you, Passive Income: 3 Proven Methods to make $300-$10,000 a month in 90 days can help you start living the life you've always wanted. Think about all the countless hours spent on your 9 to 5 jobs. Those unproductive hours have been wasted to better someone else's life. It is about time for you to take back what is yours. Learn to make your money, assets, and resources work for you. Within this book you will learn the most up to date powerful income-generating opportunities: - Blogging with Affiliate Marketing - Kindle Ebook Publishing - Teaching an Online Course Through Udemy - Money Making Mindset - And much more.. Don't delay acting on a good idea. Execute while others are still thinking. Success comes to those who act!

Download or read book Passive Income written by Ray Adams and published by Createspace Independent Publishing Platform. This book was released on 2016-08-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Have you ever pulled up to the parking lot at your job and said to yourself "there has to be a better way." Have you ever wished that you and your family could live the life you have imagined: travel to exotic locations, spending your life the way you wanted it to be with those you love, without having to worry about finances? It is not a fantasy. People just like you and me are living the dream while their money works for them, instead of them working for their money. It can be like that for you, too! It is time to learn the methods that many people use to create income while they live their lives on their terms through Passive Income. From how to partner with the biggest online retailer in the world, to making a living traveling the globe, your life can change for the better once you read this book. Passive Income, including investing, used to be available to the wealthy. Now, with new internet-based options, you can start making money with your laptop. It does not mean you need specialized training or a lot of money to get started. In many cases, you can get started with little or no money and items you have around the house. Once your income stream is in place, you can focus on the important things in life, confident that your money will be there when you need it. Even if you already have a comfortable income, it can never hurt to put your money to work for you You can Become a published author! Discover Great Ways to Start Investing Right Now! 5 Reasons to Make this Book an Essential Part of Your Passive Income Plan 1.1 These great ideas can make you money 2.You do not need to spend a lot of money to get started 3.Making money can be a normal part of your lifestyle 4.Learn how to use social media to drive paying clients to you 5.Inside, you will learn how to make money while you spend quality time with family and friends in a way that can be fun Added benefits of "Digital Age Passive Income: Start your Location-Independent Journey Today!" Discover how you can turn your hobbies into income Unique sources of income you may not have considered How to turn vacation photos into cash Shopping your way to more income Curious to Learn More? Download your copy of "Digital Age Passive Income: Start your Location-Independent Journey Today!" to learn the secrets of investing wisely and earning money with Passive Income. You do not have to spend the rest of your life working for someone else with little to show for it. When you learn the secrets of Passive Income, you will be on your way to living the life you and your family deserves. Find out today how easy it can be to start your passive income stream with these ideas, tips, and tricks. For a low price, you can have the one essential financial guide right on your electronic device."

Download or read book Passive Income written by Shreya Chopra and published by Independently Published. This book was released on 2020-08-23 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book has brought you hope for the future.This book is packed to intimate you with another great and monumental way of generating income without having to pass through the stress and rigors of life in order to make ends meet as mentioned above.Passive income is another substitute for active income.You do not have to involve your effort and time before you can make a living.The era of slavery is gone.Working from morning till night with meagre income at the end of the day.Whether your goal is to retire on a remote island or simply spend more time with your family, this book can you get you there. Discover 10 proven passive income strategies that everyday people are using to take back control of their time and make the most of their lives.Yes, you can now live the lifestyle you've always dreamed about and enjoy multiple streams of income. If you are sick and tired of making your boss rich, working hard for little pay, living paycheck to paycheck, or just want to dramatically upgrade your current lifestyle, this is the book that can change everything.Swipe up and Buy now Follow the steps in this book, and you will achieve financial independence much sooner than you ever thought possible.

Download or read book Make an Extra 1 000 a Month in Residual Passive Income All In Your Spare Time in Less Than 180 Days written by SIS Info. and published by Green Initiative. This book was released on 2012-10-10 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: For busy and successful professionals who are looking to build a passive income stream on the side. Make an Extra $1,000 per Month in Just 180 Days (6 months) All in Your Spare Time. This book provides a step by step guide on how to create a passive income stream all in your spare time that will pay off for months and years to come. Diversify your passive income streams with this practical guide.

Download or read book THE BIBLE OF MAKING MONEY ONLINE written by S P Sharma and published by Exam2Villa. This book was released on 2021-01-23 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Content 1. What is Income? 2. What is digital marketing? 3. Build a Niche Blog (or Website) and Use Affiliate Marketing 4. Launch and Grow a Startup 5. Build and Sell Software 6. Start an eCommerce Site and Sell Physical Products 7. Find Freelance Clients and Sell Your Services(Introduce 78 Freelance website) 8. Start Online Coaching and Sell Your Advice 9. Create Online Courses to Productize Your Knowledge 10. Launch a YouTube Channel to Entertain and Educate 11. Record a Podcast and Share Inspiring Stories 12. Join a Remote Company Part-Time (or Full-Time) 13. Test Websites 14. Narrate Audiobooks 15. Write and Sell an eBook (Amazon Self-Publishing) 16. Do Micro-Jobs on Amazon Mechanical Turk 17. Join Freelance Job Sites (Like Flexjobs and SolidGigs) 18. Sell Your Services on Niche Sites Like 99Designs, Cloudpeeps or TopTal 19. Do Graphic Design for Local Companies 20. Email Marketing with a Niche Newsletter (The Skimm, Mister Spoils) 21. Sells Products on a Shopify Store 22. Sell Your Crafts and Art on Etsy 23. Become an Influencer on Instagram 24. Sell Your Art and Designs on Society6 25. Local Business Consulting 26. Sell Stock Photos Online 27. Rent Your Home or Room on AirBnB 28. Start an Online T-Shirt Business 29. Sell Your Expertise on Clarity.fm 30. Answer Professional Questions on JustAnswer 31. Become a Virtual Assistant 32. Get a Commission-Only Sales Gig 33. Teach English as a Virtual Tutor 34. Guest Post as a Freelance Writer for Niche Websites 35. Write on Medium’s Partner Program 36. Help People with Their Tax Prep 37. Transcribe Audio and Interviews 38. Proofread Articles 39. Private Labelling and Selling Products on Amazon 40. Online Travel Consultant 41. Do Virtual Odd Jobs on TaskRabbit 42. Clean Up Search Engines 43. Enter Online Contests for Company Names and Slogans 44. Get Paid for Being Healthy 45. Write Reviews of the Places You’ve Been 46. Do Data Entry for Companies 47. College Admissions Essay Editor 48. Help New Teachers by Selling Your Teaching Plan 49. Give Your Opinion in Online Focus Groups and Surveys 50. Maintain Artist Fan Pages 51. Look After Other People’s Pets 52. Sell Your Old Smartphone and Other Tech Goods 53. Sell Your Old Books 54. Rent or Sell Your Clothes Online 55. Online Dating Consultant 56. Rent Your Car on Turo. 57. Become an Online News Writer or Columnist 58. Buy and Sell Domain Names 59. Do Data Analysis for Companies 60. Online Personal Trainer or Fitness Coach 61. Sell Your Songs 62. Subcontract Your Extra Work and Start an Online Agency 63. Create DIY or Cooking Videos 64. Edit Videos Online 65. Build a Niche Website 66. Become a Contract Customer Service Superstar 67. Buy an Existing Website 68. Become an Online Notary 69. Run Corporate Workshops 70. Lend Your Voice to Voice-Overs 71. Small Business Marketing Consultant 72. Rent Your Camera Gear 73. Best Apps to Make Money Fast Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.[1][2][3] For households and individuals, "income is the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time."[4] (also known as gross income). Net income is defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions), and is usually the basis to calculate how much income tax is owed. 1. EARNED (ACTIVE) INCOME Definition: Earned income is money earned from working that requires your time. This is the income you receive from actively working. You work and you are paid for your work. Examples: Salary; wages; bonuses; contract work. Tax implications: Earned income is taxed higher than any other income, at a rate of 10%-35%, plus Medicare, Social Security, and other taxes, which can reach close to 50% based on tax calculators and estimators. Characteristics: It’s hard to become wealthy solely from earned income for a few reasons. First, it’s taxed at the highest rate, and second, there are only so many hours in the day for you to work (you can work and work and work, but if you have to be there to make the money, there’s a cap on your income because time is limited). Another downside besides taxes is that once you stop working, the money stops coming in. On the upside, earned income is the easiest type of income to make. You can just go get a job or side job pretty easily in the US and make some money. This is why most people make money this way–it’s easy to do. A great way to switch over into better types of income is to use earned income by putting it into a portfolio or to start a side hustle or business (this is what I did by starting a blog, which is now my full time business). 2. PORTFOLIO INCOME Definition: Portfolio income is money you receive from selling an investment for more than what you paid for it (portfolio income is also referred to as capital gains). Examples: 1) trading assets, like stocks, bonds, and mutual funds, 2) buy and selling real estate, and 3) buying and selling other assets, like a car. Tax implications: Portfolio income is taxed at 10%-20% for investments held over 12 months and taxed as earned income if held less than 12 months. However, portfolio income is not taxed for Medicare or Social Security. Capital gains can be offset by losses on other investments, which is a huge plus. Characteristics: One downside is that for the average person, investing can seem intimidating. This often keeps people away from doing it. It wasn’t until I became a Certified Financial Planner that I really understood what was going on with respect to portfolio income. If you’re just getting started with investing, read this post – 21 tips for investing in your 30’s. Also, this type of income can take a long time to generate if you believe in many of the widely held investing concepts that require buying and holding for years. If you’re a trader and attempt to do it much faster, you better be really good at it, because otherwise, it’s sort of like gambling. You have to have money to invest upfront to create portfolio income. This is a huge reason why people say they don’t invest. You can start with a small amount and contribute to your investments over time, but it requires you to have the capital to do it. If you want to get started with hiring someone to help you with your money, read this post on questions you should ask your financial advisor before hiring her. I like using investing as a supplemental income strategy. I don’t want to retire, but I like the idea that I could if I ever change my mind or it became medically necessary. So, I save and invest as a bit of a safety net, but not as the end goal of retiring as soon as possible. I like contributing to the world through my work, and I also like creating a lot of income. I just don’t ever tie my “hard work” or time to income generated. This way, I know my income potential is unlimited. 3. PASSIVE INCOME Definition: Passive income is money generated from assets you own, where you are not actively working. Examples: Rental income, business income (as long as it’s not earned based on time and effort), creating/selling intellectual property (e.g.: books). Tax implications: Passive income receives the most favorable tax treatment. Characteristics: Passive income is thought to be the key to building wealth. Once you have an investment that generates recurring income, you don’t have to do much to maintain it (so time is not a limitation). Typically, there isn’t much start up cost to passive income that you have to provide yourself. For example, you can use your time to create a business or you can get funding from investors for your real estate properties or start up company. It’s not as easy as earned income, but it’s not as challenging as portfolio income (in terms of start up funds). It takes a lot of money to make a lot of portfolio income, whereas you can generate a lot of passive income with less. I started a blog with the idea of generating passive income (the Smart Passive Income podcast used to be on repeat!). It’s one of the best things I ever did! A FINAL NOTE! Understanding how income works is important because it affects how you go about deciding what results you want with money in your future. Do you want to retire? Do you want financial independence early? Do you want to focus on contributing to the world through your work as an entrepreneur? Do you want money just to be a scorecard of the value you provide? Do you believe that “hard work” and time create money? (So many questions!) These are philosophical questions, but whatever you believe will drive your feelings, which will drive your actions, which will drive your results. So, ultimately, your beliefs drive your results (you can read more about this in the 5 step framework to master your mindset post here). Based on what you choose to believe, you could end up financial independent and retiring very young and living off 4% of your investment portfolio, with frugal values, while traveling, and doing whatever else you want to experience the world while you’re alive. Or, you could end up a multimillionaire focusing on serving the world through your work and never retiring. Completely different results. Both involve a lot of money. What you choose matters. What you believe about money matters. What you do matters. The three different types of income are a way of learning how to use money to your advantage to get the results you want most. This is the way our system works. The sooner you understand how money works, the sooner you can make better decisions that will help you achieve financial success (whatever that looks like to you).

Download or read book Money Passive Income written by Griffin Pierce and published by . This book was released on 2015-05-25 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Money: Passive Income: How To Make An Extra $1000 Per Month - Make Money Online, Get Debt Free!Everything You Need To Know To Make An Extra $1000 Per MonthThis book has proven methods on how to make passive income, and I know even an extra $500-1000 will change your lifeWe all know how busy life gets, and working a 40 hour week in the cubicle farm or service job only adds to the stress. Did you know that money causes a large amount of anxiety in our lives? What if you had a guide, and 10 detailed ways to make an extra $1000 per month? What if I told you that extra passive income will change your life? Have you ever been overwhelmed by monthly bills, and even working 40 hours a week does little to chip away at it? What could $1000 extra a month pay for in your life? Your smaller bills Your car? Your rent? This book will help you identify what passive income is, and then gives you 10 actionable chapters to go out and get extra money! My goal is to give you the tools to make extra cash to reduce your stress about money each month!By Reading Money: Passive Income: How To Make An Extra $1000 Per Month - Make Money Online, Get Debt Free, you will learn: - What is Passive Income? - You can use your existing spending habits to make extra money - Can you promote a service or product you already use and love - Leverage your living situation to make you money - And many more!There are plenty of books out there boasting $10,000 a month in passive income, lets start from the beginning and start small. The second you make your first dollar online or passively, you will be hooked. I know $1000 a month will change your life, lets go get it!