Proven Passive Income Streams

Passive income streams gets you off the time for money treadmill….

Do you have a J.O.B.? (just over broke)

Do you like the idea that somebody else has decided what your work is worth?

Maybe it’s time to get you off that time for money treadmill going no where and start creating passive income streams.

Money is actually a renewable resource, because if you lose it then you can always go make more.

Now time on the other hand is a non renewable resource.

Once it’s gone it is gone forever.

Unless you have developed a time machine that can take you back.

Now there is an idea that would be worth a gazillion dollars. 🙂

So, how many hours can you work in a day? 8,10,12,14,16.

There will come a point where you hit your max and eventually burn yourself out.

The key word to understand is leverage.

You can leverage with a system and you can also leverage by taking some of your hard earned money to create passive income streams.

This is where you put money to work for you while you are earning more.

Passive Income Streams

Passive Income Streams

YOU have a choice to make…

Stay stuck in that job or start digging your tunnel to the light of financial freedom.

Let’s look at the JOB world. first of all its looking a little bleek when you cast your eyes on the global economy.

There really is no job security any more.

A JOB means working for someone else.

They decide what you get paid, when you can go on vacation, when you have to come to work and when you can go home.

One of the worst parts is that you have to go to and from work when most other people are usually doing the same thing.

So you get to travel with hundreds of thousands of your closest friends everyday. 🙁

How would you like to work once and get paid for months or years or possibly an infinite amount of time? 🙂

I know its hard to get your head wrapped around that concept.

I had businesses for over 20 years that worked with the same principle of time for money.

Then I learned about residual income and passive income streams.

I never looked back.

It has been 14 years of living with leverage and passive income streams.

Do you want to learn how to create your FREEDOM?

Do you want to learn how to transition from a job to passive income streams?

Imagine, living your life by design.

Click the link and claim your FREE membership today.

Be careful, you may not want to go back to work, ever!

How You Can Set Up Your Life So You Can Make Passive Income

What are some ways to create passive income streams?

Investopedia defines passive income as “earnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not actively involved.”

Popular culture, however, defines it as “any money you earn while sitting on a beach sipping mojitos” or what I like to refer to as beach money.

Three popular ways to generate passive income:

1) Real Estate

2) Affiliate Marketing

3) Marketing Information Products

Real Estate: You don’t have to be a business tycoon to get into the real estate game.

Normally, people build up equity in their own home and let it sit there earning $00.00.

If you were to take the equity and invest into a rental property you get to have other people pay for it. If you were able to do this a couple of times as equity will build in your rental property you can create a substantial nest egg for retirement.

Or you could save up $250,000.00 which would generate you about $1,000.00 a month at a 5% return.

Do you have an extra $250,000.00 kicking around?

Affiliate marketing is simply promoting other people’s products or services on the internet.

You drive traffic to a website and you get to pick from the tens of thousands  of products available to generate an income.

Once your website is established then traffic naturally flows to it.

Marketing information products through a blog.

If you have a good deal of knowledge (or are willing to learn) about a niche market then you could be that person offering solutions to people’s problems.

You see when you have a website that is getting traffic, everything that you ever posted online stays online and you can generate sales from things you posted many years ago.

There are lots of other ways to create passive income streams to change your lifestyle.

Passive Income Streams

Passive Income Streams

Creating multiple streams of income for retirement

The global economy is changing at warp speed and one of those significant changes is downsizing and outsourcing of jobs.

This means a higher risk for those in the job market to change jobs often and work longer to be able to afford retirement.

More jobs are part time or on contract with no pension or benefits.

How does that one stream of income feel now?

A little scary as the baby boomers start to transition into their twilight years.

Multiple streams of income is a much smarter way to go.

I imagine your first question is, “How do I possibly create multiple streams of income?”

Chances are you have already accumulated a vast amount of knowledge in your lifetime.

Give yourself some credit as you are smarter than you think.

Network marketing is one great way to create one stream of residual income and it is very affordable to start your own home based business with network marketing.

Guess what, you can do it part time and you get the tax advantages of being a business.

This means you can reduce your current taxes from your job income while you learn.

Now, you have to consult an accountant in your area to know what you can write off.

You can also start a blog and write about a passion of yours and you can put Google Adwords banner on your site (of which they pay you when people click on the ads), you can get affiliate accounts with companies like Amazon and do book or product reviews with your affiliate links and when people click and buy a product you earn a commission.

Guess what, you don’t collect the money and you don’t ship the product.

This is just the tip of the iceberg of possibilities for earning extra income from home and having TAX advantages. Sweet!

 

Passive Income Streams

Passive Income Streams

Time for money or residual income?

Work once get paid once! Work once get paid for months or years! Hmmmmm!

There are hundreds of residual income ideas.

The internet is the information highway.

Where does everyone, including YOU go to look for information on a product/service or to find a solution to your problem? GOOGLE! YOUTUBE!

Become a problem solver and get paid!

One of the primary residual income ideas is network marketing.

The home based business industry has exploded because everyone is waking up and realizing that the company you work for and the government doesn’t care about your well being.

They will not be looking after you when you retire.

You better get that message loud and clear NOW!

Too many people who have dabbled (recipe for failure) in network marketing or know someone who has are quick to say it does not work.

If you bought a franchise and dabbled in it for a few weeks and quit because it wasn’t working the way you thought then you don’t understand the main principle around success.

It’s called WORK which is commitment, discipline, persistence and consistency. It’s a process.

Some other great residual income ideas are promoting subscriptions such as an autoresponder service.

Anyone who is heading online (which is millions of people) to build a business needs an autoresponder to stay connected to their list and you get paid every month for as long as they are subscribed, which in most cases is years.

I will do another post dedicated to many types of residual incomes that you can set up.

It’s really not as difficult as you might think.

Do you want to get started generating extra streams of income from home now?

You can try to figure it out on your own, or you could HOPE that your company or the government will take care of you when you get older, or you can work with experts and change the direction of your life now.

Let me make something perfectly clear, you are not going to be making a million dollars tomorrow.

There is no magic button that fills up your ban account.

If you are coachable, if you are willing to work and learn and share than you too can succeed.

Click the link and  claim your FREE membership today.

Passive Income Streams

Passive Income Streams

Cheers

David Thompson

Success is yours to discover…imagine!

If you got value from this post on passive income streams then you can leave your comments and please feel free to share it!

 

 

 

 

 

 

About David Thompson

I help anyone in any business at any level of experience create profits through internet marketing using the right tools resources and mindset. my website, my business, and follow me, +David Thompson on Google+.

Comments

  1. Residual income is definitely the way to go. Getting things set up with your time now so that you can earn and relax later.

  2. It’s very true that many jobs are either part time (20-35) hours per week and without benefits for health insurance or retirement. It’s hard to imagine how people will be able to retire at all in the future. Passive and residual income is definitely the way to go.

  3. Really cool how you broke down all the points on how the power of leverage can make all the difference in living a happy, more fulfilling life. Time freedom is something that is priceless. More and more are seeing the advantages of being an entrepreneur so it’s a beautiful thing to have so many options. Thank you for sharing David.

  4. Great post! You really laid out the case whey we need to have residual income. Thanks for sharing!

    Dr. Lisa

  5. Jam packed post David! Sharing this information on passive income streams is a great reminder on all the different ways people can create income. I know that I thought my 9 to 5 corporate job was the only option, but so glad to have learned differently. Thanks for sharing!

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