Next Post: No Secrets, Simply Stratergy

Hi guys,

Just letting you know my next post will be titled

No Secrets, Simply Strategy:

How You Can Earn Free Money with Passive Income

Its gunna be an exciting one, still in draft mode but i cant wiat to finalise it. Remember to follow so you will be notified as soon as its posted

Revenue Generating Assets: Where The Big Bucks Are

How to dramatically increase your passive income stream is what I have decided to talk about today. The easiest way to boost you passive income is with the help of revenue generating assets. So, what is a revenue generating assets? Simply put it is an asset that generates income for you simply because you own it. A few examples include;

·         Dividends from Share and Stocks

·         Interest from high yield accounts

·         Rental income from housing or other assets

These are just a few of the more common assets however there is practically endless options and some of the less common ones are the ones the interest me the most. A lot of people do not realise but there are a lot or revenue generating assets that require less investment than housing, shares and long term deposits and companies have been taking advantage of the for years. But the beauty is there is nothing stopping an individual like you or to from purchasing these kind of assets. They include;

·         ATM’s – you keep they service fee and these will only set you back about $5000 but you can expect to earn around $250 a week. Companies like CashCard keep it filled with money, in working order and insured and take only around 10-15% of the service fee for this convenience.

·         Vending Machines – These will set you back around $2-3k, companies like Coke-a-cola, Pepsi, Cadbury and more offer this product. They keep it full and in working order all you have to do is find a location. You can expect to see an income of around $70-$150 a week.

·         Pay Phones – Simple enough. You simply purchase a pay phone witch can be easily found with a quick Google search. You can pick up and second hand one for around $500. You then simply approach a shop owner etc. and offer a percentage of the sales to have to phone located in their business. Income varies greatly with pay phones however I would expect to see an income of at least $20 a week. This may not sound like much but remember it’s their for life and you don’t have to work for it. As well as this pay phones are rewound for holding their value especially if you brought it second hand.

These are the main passive income streams I use today. And I have found them to work great for me. Remember that these are only a handful of revenue generating assets and there are literally hundreds more. So I invite you to share some ideas in the comments of this post.

The Logic Of Money: Why Only Fools Work Hard

How Technology Changed The Game

Many years ago and still now (although incorrectly) it is commonly believed that you have to work hard to earn the big buck. However with recent advancements in technology, communications and business structures it has made earning money a lot easier than before. If you look at today’s billionaires it quickly becomes evident that there are only three reasons somebody can become that rich within a single life time. The more common of the two are they were simply born into money or they got lucky with a single grand idea. Unfortunately you are probably not on this blog if you fall into one of those categories and I for one was not waiting around to get lucky but thankfully there is a third reason and this is the one we are going to concentrate on because it is the only one we have any control over. As you have probably guessed it is Passive income streams.

So what are passive income streams?

Put simply a passive income stream is money we do not have to work for. Most commonly it is revenue generating asset. A good example of this is a person that owns a house and leases it, the real estate agent does all the hard work and simply deposits money into your account at the end of each month leaving us no work at all to receive this income. But once again you are probably not on this blog if you already own investment property/s, so I am going to show you a few ideas to start off with. These ideas are simple, easy and have little to no cash and time required to begin. The downside of this is that these passive income streams only produce very little revenue but the trick is to start small and gradually build your way up and grow the number of income streams until it becomes substantial.

The Link Below will take you to another page on my blog devoted entirely too passive income stream ideas and will show you how to get started as well as the costs, time and expected revenue involved.

-----Click Here-----

Recomended Passive Income Streams

Today I'm am going to share with you a few of my favourite and successful techniques to begin creating passive income streams.

When deciding on witch passive income streams to begin with you need to consider you current financial situation, how much you are willing to invest and how much you want to make. Remember it is possible to create passive income streams without having to invest any money at all but the downside to this is the revenue is often less and the amount of time to set up the income streams are often more intensive. However it is understandable that you are viewing this blog because you need more money so below are a list of idea that I begun of with and that still work for me today that require no maintenance and offer a steady although small stream of revenue. When starting out remember you need to start small. the key is lots of small streams the generate wealth for as long as they remain active.

• Write an Ebook
• High yield investment account (also know as long term deposit)
• Dividends from shares
• Renting Vending Machines
• Royalties from intellectual property

These are just a few of the Income streams I begun with but their are literally endless ideas one of the most common passive income streams today is housing rentals and this is what the majority of my income is produced by today, this option is great because it can also be used in conjunction with negative gearing as well as the property value increasing with the housing marked.

In the next post I will talk more about how to begin building you passive income streams and any cost involved as well as running them as a business and tax obligations involved.

For now I would like to invite you to comment and for the passive income earners among you to suggest any passive income ideas that you might like to share.

What Is Passive Income?

So, to get us started: What is passive income and how do I create a passive income stream. Well quite simply all personal income and be broken down into passive income and active income. Active income is money you earn, for instance your current job. Where you are trading you time for money.  Ever heard the term “time is money”, this is the major flaw in active income because at the end of the day we have limited time and therefore limited money. But we can change all this by implementing the art of passive income. Put simply passive income is income that we do not have to keep working for to gain income after a small amount of set up work. For instance some more common examples of this are;

·         Authors and Musicians receiving royalties long after they finished writing the book.

·         Dividends from Shares

·         Interest from a savings account

Basically Passive income is Free Money we do not have to continue working for and although the income might not be as much as you could earn from an active income stream the possibilities are endless and even if you are only earning $1 a day from your passive income there is no limit t the amount of income streams you can have because you don’t have to do any work to maintain them except cash your cheques at the end of each month.