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Passive Income Types

There are two primary passive income types. Money working for you or business working for you, which is better?



When I was recently reading T. Harv Eker’s bestselling wealth building book Secrets of The Millionaire Mind, I learned the different between the two main passive income types. Now that I understand the two primary ways that you can develop passive income, I am seeing many more opportunities each and every day to add streams to my overall cash flow.

I have identified two primary sources of passive income. The first is money working for you. This includes investment earnings from financial instruments such as stocks, bonds, t-bills, money markets, mutual funds, as well as owning mortgages or other assets that appreciate in value and can be liquidated for cash.

The second major source of passive income is business working for you. This entails generating ongoing income from businesses where you do not need to be personally involved for that business to operate and yield an income.


T. Harv Eker- Secrets of the Millionaire Mind


See, there are two primary types of passive income, money working for you or business working for you. But there is virtually an unlimited number of ways that you can create passive income, especially when it comes to created automated cash flow businesses.

Here are some of my favorite ways to generate passive income from automated business ideas....

Passive Cash Flow Businesses...

  • rental real estate

  • network marketing

  • owning vending machines

  • owning car washes or laundry mats

  • creating money making websites

  • publish a book, ebook, or software application

  • storage units

  • ecommerce business opportunities


These are some great ways to earn passive cash flow, and you can use several of them to develop a strong income and a financially free future.


Now that you know the two primary kinds of passive income, you will better understand how you can create your own streams of it. You will be able to spot profitable opportunities and you will always be increasing your passive income and your net worth.



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