A question I'm often asked is can I learn how to make passive income?
This is how I personally make around 30% of my own income and I think
it's something worth sharing.
Getting paid for doing nothing is
like finding the holy grail. If you can make passive income it doesn't
get much better in my opinion.
Some capital investment is usually required and earnings can be generated in a number of different ways.
It
is vitally important to choose the right vehicle to generate your
income. In the mainstream it could be bonds, stocks, shares, derivatives
etc. You will soon be kissing goodbye to your capital if you make a
poor choice.
Mainstream investments have little to offer me. The
banking system is corrupt to the core with a massive scam being executed
in plain sight. Today the Dollar and the Pound are just a couple of the
dominant currencies that are not backed with any assets. An elite few
who control the Bank of England and the Federal reserve print money out
of thin air. I'm sure you've heard of quantitative easing right? When
the bank bailouts happened it weren't helping people, it was helping
elite bankers and corporations at the tax payers expense.
Think
about it... Money is created out of thin air and is used to acquire hard
assets. 1% of people own 75% of the planet we live on, how can that be
right!
So for obvious reasons I prefer to look outside what the
mainstream has to offer. Passive income opportunities can be found
easily online. Some may require some minimal effort on your part. The
internet is littered with the latest money-making schemes and it can
certainly be a bit of a minefield especially if you're wanting to learn
the secret of how to make passive income.
I've been online now for
7 years and in the very beginning it was tough. It's difficult to know
who to trust because many con artists hide behind the computer screen
ready to rob your cash. Performing effective due diligence can also be a
challenge before committing yourself. The more transparent the
opportunity the better and safer it is in my opinion.
I made
mistake after mistake in the beginning because everything sounds so good
when you read the blurb but in reality only a tiny fraction of the
opportunities out there actually pay off.
Occasionally we find an
opportunity that appears to work, but because we have lost money so many
times before we procrastinate wondering if this is yet another scam.
It's a difficult mindset to shift and to this day I still find myself
having those thoughts today.
Money is secondary to me, Freedom is
my number one priority. You can certainly use passive income to achieve
freedom, however you may not achieve great wealth. You must also realise
that if you make passive income it probably won't be enough to set you
free. This is why the internet is fantastic! If you can make money using
the web with your phone/laptop, you can do this from almost any
location in the world.
This method of earning a living means you never need think about retiring because you have all the freedom you desire.
Having
multiple streams of online income is crucial to your success. This
protects us should the unexpected happen and one or two opportunities
fail.
That's called being smart and not having all your eggs in one basket.
My earnings portfolio looks like this...
I Provide customer service and support for a company in the Natural Health Space.
I earn Affiliate income promoting products in Natural health space.
I use a Sports Trading Investment which provides me with a totally passive income.
I use a Sports Betting service to provide me with an income for an hours effort per week.
I work with an online paid advertising company which takes a maximum of a couple of hours per week.
I'm learning new web marketing skills using a company that's trains me for free.
With
these varied income streams I have all the freedom I want. Every
business I'm involved with is online meaning I can use my laptop or
mobile phone to do business.
I may have been a high flyer during
my career but on the web I would definitely be classed as a plodder. I
think documenting my own online experiences proves anyone can make money
online, providing you do what you love and choose the right
opportunities. The proof of the pudding is in the eating and anyone can
follow my personal journey as it happens.
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