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You have heard enough about earning passive income from the offline world to ultimately achieve financial freedom early. But how much are you aware about earning passive income online which can fast track your path to attain financial freedom MUCH earlier!? Before that, let's go through the difference between active income vs minute workout!
ACTIVE INCOME:
Roll out of bed each day, off to your entire day job and earn the amount of money that puts food on the table.
In other words, trading TIME for MONEY, no matter what your job is..
If you're a teacher, you make active income.
If you're a physician, you make active income
You add over time, you obtain paid. You might be paid by hour, by the day or by the work but that doesn't matter. IF YOU DON'T WORK, YOU DON'T GET PAID!
PASSIVE INCOME:
It is income you DON'T ACTIVELY benefit after setting up some initial effort.
Think of Stephenie Meyer (author of Twilight Saga) or J.K Rowling (author of Harry Potter).
They place in tremendous amount of work to publish a book, then they only collect royalties with time when sales are now being made. That's passive income!
PASSIVE INCOME ONLINE OR OFFLINE FLOWS INTO YOUR BANK ACCOUNT NO MATTER WHAT YOU ARE DOING... even though you are not taking care of your "job ".
Everyone is limited by 24 hours per day. No real matter what the heck you do, you can't squeeze in 25, rite? If you're taking care of active income, the only path to improve your income is always to:
Work longer hours (or perhaps sleep less)
Charge more for everything you are doing
You'll reach a place what your location is going hitting the wall, and you can't simply charge a million dollar each hour no matter what industry you're in!
BUT...you can free yourself from all those income limitations if you begin earning passive income. And that's why earning passive income is the only path to attain financial freedom early..
Here are forms of passive income:
Earn residuals on books (remember J.K Rowling?)
Getting dividends from your own stock
Collecting rental from property
Passive income online (while you are online)!!
Have you any idea when you are money online, there's someone available who's also doing the same thing BUT earning good deal of $$$???
I'd like to clarify further what the final point is all about...
There are 3 forms of passive income online (the secrets to attain financial freedom early!):
Selling your own products
Isn't this same with any offline business? Never, if you're utilising the internet. That you don't have to have an office, that you do not need to go door to door. All you want to accomplish is set up an internet site, automate the sales process and travel round the planet while your goods sell. And that's passive income online!
Getting paid for Hosting Ads
This another way to earn passive income online where you let other people display their ads on your website and you obtain paid whenever someone clicks on it... AND It doesn't cost u a cent to setup!