What is Passive Income? Something that Will Give You Complete FreedomWhat is passive income? Learn all about passive income so that you can become a money making machine without ever having to work again.What is passive income? Up until a couple of years ago I did not have any clue about passive income. I, just like most people, was never taught about passive income, how to create it, and the wonderful life changes that you can experience when you do. In my school, Passive Income 101 was another subject that was never offered. This time I got to take woodworking and metal working (notice both still entailed “working”) and make the perfect candle holder for my mom. Since we didn’t learn about creating passive income structures in school, we learned elsewhere, right?Doubtful. The end result is that most of us don’t know much about it, and therefore don’t do much about it. T. Harv Eker-Secrets of the Millionaire Mind So don’t feel bad if you are new to the world of passive cash flow, just be very, very glad that you are now learning about it. It is, without question, the most powerful tool for creating a lifetime of wealth, abundance, and complete freedom from financially worries and obligation to work. So exactly what is passive income? Passive income is just what it sound like, income that is passive. This means that you earn this income without having to work for it. It is essentially generating income without having to be actively involved in order to do so. Finally, since we were never exposed to or taught about passive income and investing, we have never given it much attention. We have largely based our career and business choices on generating working income. If you understand from an early age that a primary financial goal was to create passive income, wouldn’t you reconsider some of those career choices? T. Harv Eker-Secrets of the Millionaire Mind Most people DO NOT earn passive income. Most of us work for either a salary or an hourly wage, both of which require us to trade our time for income. This is why only 20 percent of people ever become financially free. Without passive income, without a steady cash flow that works on autopilot, financial freedom is much, much more difficult and time consuming to achieve. Many times it is not even possible at all. But you can start developing this powerful form of income now. Anyone can. You do not need to have any special skills, talents, or education, you just need to be aware of the various passive cash vehicles, and choose a few to use for yourself. Here are some of the most popular and profitable sources....
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