What Is Passive Income?
What Is Passive Income? When I say passive income, I’m talking about what happens after you do the hard work up front. ie first you need to haul ass and do something crazy, eg write a quality 20,000 word ebook (insanely not passive hahahah), but then you get to sit back and enjoy seeing PayPal sale messages pop up on your iPhone each morning as sale after sale after sale is made…on an ongoing basis and without any additional work. That’s some seriously Pina Colada flavored passive goodness! Making money while you sleep. Has a nice ring to it, doesn't it? After reading books like "Rich Dad Poor Dad" and I became interested obsessed with making passive income. Whenever someone needs additional income, the stereotypical suggestion offered is to "get a part-time job." But what if you don't have the time or energy to put in all those extra hours? I know I didn't. Plus that wasn't as appealing as making money while I was trading time for ...