No Secrets; Simply Stratergy: The Key 2 Success

Develop Multiple Passive Income Streams to replace your Working Income; I did it and now I’ll show you how.

What I’m about to tell you is not a highly kept corporate secret, nor is it a gimmick; It is a simple yet effective strategy to make money without selling a thing. I have previously introduced you to the idea of a passive income. I am now going to show you how to take that simple idea and show you how to replace your working income by developing multiple passive income streams.

But simply because passive income requires no involvement for you directly you now earn they money from that income stream no matter what you are doing. Let’s use an eBook for an example of a passive income stream. Say you have finished writing an eBook and uploaded it to amazon or where you have. This eBook will now sit on amazon’s computer generating revenue each time one is sold no matter where you are of what you are doing. Instead of being happy with the $50 or so you are making each month for free while you return to your day job you need to turn around and think “hey what if I wrote another eBook?” Now you are earning $100 a month for free.

And there you have it as bleak as it may seem the key to being successful is to never be satisfied.Using this strategy of developing multiple passive income streams is the key to success. Of cause at first it will be hard to find the free time because you will still require your day job to support you. But stick to your guns I’m not promising it will be easy but I guarantee you it will be worth it.

When developing multiple passive income streams you need to keep in mind the idea of diversifying imagine you stuck to the eBooks and wrote a hundred books and make all of your money from eBooks and rely on it heavily now that you have quit your day job. Now think where I will get all my free money if amazon goes out of business or the server crashed.

So keep this in mind, multiply and diversify you passive income streams. I will be hard work in the beginning but think of all the free money at the end.

Good Luck

Passive Income 101

This is a great video I found on youtube has some excellent information. Pretty much sums up my previous post in video form very easy to understand.

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

NO INVESTMENT NO RISK: You’re First Passive Income Stream

Today I am going to give you a step by step guide to developing your first passive income stream. I have been talking about passive income streams for a while and showing you how you can earn free money from them but now I am going to put my money where my mouth is and show you how you too can begin to develop you very first passive income stream with a $0 setup cost and start earning free money with your very own passive income stream.

As I mentioned before passive income streams that require little to no initial investment often generate much less income than their amped up counter parts such as revenue generating assets but free money is still free money where I come from.

You need to begin by choosing a topic that you are well educated on from this you need to write a simple story or article, it doesn’t have to be long just containing enough information so that people will read it. Once you have completed this find a free web hosting provider. This can be done with a simple Google search. Simply upload you article to the site, most free web hosting sites offer a site building tool with this you can have you site up and running in less than five minutes.

Now sign up for Google check outs and pay pal if you do not already have an account. On these sites you will find a support me feature simply copy and paste these onto your new site. This allows views to make donations to you site through a trusted channel. Now all you have to do is submit your site to Google to do this simply Google site submission from their you can submit your site.

And that’s it you now have a site that people can find on Google connect to and support you if you wish. It may seem unlikely that anybody will make a deposit but remember that site will now be sitting there forever however unlikely it is bound to happen eventually and you can now create multiple sites in the same way to increase your chances of free money.

Let me know how you go, remember this is just a simple example of a passive income stream to get you started without any investment. This and eBooks is how I started off.

Good Luck

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.