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tag:Creating passive income, a steady cash flow that doesn’t depend on you working is amazing! It can be done, a...
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Creating passive income, a steady cash flow that doesn’t depend on you working is amazing!
It can be done, and that course was created by people that generated passive income and financial freedom. We will teach you how to do it in this step by step guide.
The big idea is working / building / investing in an asset once and earn money for a lifetime.
Many of the ways of creating passive income is by earning money online, however, we will show you how it can be done also off line or by creating cash flow investing in stocks and real estate.
Financial independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities.
Since there are two sides to the assets and expenses equation, there are two main directions one can focus their energy in order to get to financial independence: accumulating assets or reducing their expenses: Expense reduction and Income accumulation.
In our earn passive income cash flow we will divide the different passive sources of income into 3 main categories:
# Money makes more money - Passive income investing (Generate Passive income using dividend, REIT and interest), Rental income and incoming cash flow from property or any piece of real estate, real estate investing strategies here, Dividend and interest income in the form of cash flow or capital gains from owning securities and commodities, such as stocks, currencies, gold, silver, ETFs, and bonds, is usually referred to as portfolio income,
# The entrepreneurial way: build your own destiny – Work once and get paid for good, generating passive cash flow by building your own money earning system.
- Earn money by building an online blog
- Make YouTube videos
- Put your photography to work on the web and earn lifetime cash flow
- Create cash flow by selling products of other people – affiliate marketing
- Write an ebook
- Build an online business
- and more
# 3. Allowances - Not our focus in that course, but still may be an important part of your passive income:
- Alimony, Child Support or Child Trust Fund
- Life annuity
- Pensions
Download now and create your own financial freedom!
Last update
Jan. 1, 2020