I think also a very good way to earn a nice passive income is investing in Cryptocurrency, especially in Masternode Cryptocurrencies, which provide a passive income in coins, also those carefully picked coins grow in value, so itā€™s a double gain! And a great coin to invest in at the moment is GINCOIN, which is the fuel for a really succesful project. Find more at GINCOIN Website: https://gincoin.io/ šŸ˜‰
There are three main categories of income: active income, passive income and portfolio income. Passive incomeĀ has been a relatively loosely used term in recent years. Colloquially, itā€™s been used to define money being earned regularly with little or no effort on the part of the personĀ receiving it. Popular types of passive income include real estate, peer-to-peer (P2P) lending andĀ dividend stocks. Proponents of earning passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle. The type of earnings people usually associate with this are gains on stocks, interest, retirement pay, lottery winnings, online workĀ andĀ capital gains.Ā 
There are three main categories of income: active income, passive income and portfolio income. Passive incomeĀ has been a relatively loosely used term in recent years. Colloquially, itā€™s been used to define money being earned regularly with little or no effort on the part of the personĀ receiving it. Popular types of passive income include real estate, peer-to-peer (P2P) lending andĀ dividend stocks. Proponents of earning passive income tend to be boosters of a work-from-home and be-your-own-boss professional lifestyle. The type of earnings people usually associate with this are gains on stocks, interest, retirement pay, lottery winnings, online workĀ andĀ capital gains.Ā 

What Iā€™m doing: I view passive income as funny money to keep myself sane during this long journey. I estimate 2-10 years to get to my goal depending on how active I am. The dollars created are just points one can accumulate. Iā€™ve made passive income goals for each passive income type and check in at least once a year like I am now to make sure Iā€™m on track. Passive income is also carefully managed to minimize tax liability. When you can build a buffer for a buffer, you are then free to take more risks.

Self-publishing has the potential to be a very lucrative source of income. However, it does involve both an investment of your time and finances. Itā€™s very important that you get the right help from the beginning. There are many considerations that may be outside of your expertise. Rory Carruthers, a sought-after book development, book launch, and book marketing consultant, says that six-figure launches require careful orchestration and planning. ā€œBestsellers arenā€™t just born out of great talent. They are also a product of thought-out marketing and well-orchestrated book launch campaign. Itā€™s no longer enough to just write a good text. You need to think one step ahead and warm up your audience to the book even before you finish the first draft,ā€ he said. 

Leverage:Ā With the stock market, you invest your retirement savings or cash on hand. The same is true for private lending. You can leverage rental properties four-to-one, sometimes five-to-one, meaning your $50,000 investment can buy you $200,000-250,000 in real estate. In a rising market, this is a good thing and will maximize your cash on cash return.
I make a little bit of money off of referring people to services I truly believe in. I never recommend things I donā€™t personally use, but if Iā€™m going to refer friends to Shopify, products on Amazon, or Udemy courses besides my own, I have no shame making a couple bucks off it. In most cases, these referral sales come from older links within my podcasts or courses, and therefore, are completely passive.

When describing whatever it is your promoting, share your experience! If you can throw in some data or graphs to go along with it, even better. Back when I was more actively writing about eHow, I promoted an ebook that I read which helped quadruple my earnings per article. I created a graph that showed how much I earned before I read the book versus how much I earned after. To this date, that ebook has been one of the most successful affiliate promotions Iā€™ve done on this blog.

The much loved model for bloggers and content creators everywhere and for a good reasonā€¦itā€™s pretty easy to write a 60-80 page ebook, not hard to sell say $500 worth a month through online networking, guest posting and your own SEO optimized blog, and well you get to keep a large whack of the pie after paying affiliates.Ā  Hells yeah!Ā  Continue reading >
I also have my issues like everyone else does. For one, no one could ever accuse me or my wife of being frugal. However, when we do spend, weā€™ve become better at spending with intention, making sure it adds value to our lives in meaningful ways. This is why weā€™re happy to live where we live (in a high cost of living area), we like to take nice trips, and enjoy eating good food. We definitely live more, but we also focus on giving much more than we used to. All of this has been made possible by our multiple streams of income.

Passive income is the Holy Grail for online marketers. It's automatic. Effortless. But, not at first. In the beginning, it's grueling. I liken this to doing the most amount of work for the least initial return. However, over time, as your passive income begins to increase, your reliance on an active income plummets. That's when the real magic starts to happen.
The reason I consider dividends artificial and believe they donā€™t matter is because you can just as easily reinvest your dividends. If a stock is worth $100/share, I donā€™t care if it issues a $1/share dividend or if the share price instead increases to $101/share ā€“ either way, I have the same amount of money, because thereā€™s no difference to my net worth whether I take the dividend or sell part of a stock.

If you have specialized knowledge in a certain topic, you can put together an online course to teach others. For example, if you have experience in real estate investing, you can create an online course ā€œReal Estate Investing 101ā€. The benefit of an online course is that once you create the course material, you can sell it to as many people as you want.
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