Monday, November 21, 2011

6 reasons passive income rocks

Do you absolutely love your job? Would you do it without getting paid? If you answered no to either of those questions, you need passive income. Passive income is basically money you don't have to clock in for. You do have to start something that creates this for you, though.  A monetized blog, an ebook, real estate, or dividend paying investments can all do this for you. Here's some reasons this is awesome.

Time freedom - This is the ultimate freedom. This is freedom many people don't get until retirement (or ever). What do you want to do now? Go do that. Because you can. Whether it's playing Call Of Duty MW3 24/7 or riding the wave of your life (everyday) you can do it.

Location freedom - Be anywhere you want to be. If you'd rather be backpacking across some mountains in Tibet, you can be on the next plane there. This is huge. Work from wherever you want.

Lasting impact - Every bit of time and energy you put into passive income projects pays out in the long run. You're not working toward a paycheck, you're working toward freedom. You could also be paid for the next 15 years if you do this well. If you do a good job at work you might get a 50 cent raise.

Money all the time - Whether it's a bull market or you're sleeping, you're making money. When you go out to eat, you make money. When you play video games, you make money. Whatever you do once you've got some passive income flowing, you make money at. Nice, right?

Whatever you want - Be whoever you want to be, go wherever you want to go, and do whatever you want. From now on, life truly is what you make it. So get out there and live your dreams.

Diversification of income - You are free to work on the next project. You don't have all your eggs in one basket. They're in 9 baskets. And you're working on the 10th. If one of your income streams stresses you out, you don't need it. Cut it out.

These are just a few reasons why gaining passive income could be one of the best financial (and personal) decisions you might ever make. I do hope you'll consider it, because you'll not only have a more fulfilled life, but the value you create with you're new product or ebook will (likely) help the rest of us out. So thanks in advance.








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