how to make passive income

How To Make Passive Income

Posted on 12. Mar, 2013 by in How To's, Passive Income

How To Make Passive Income

I know there are a lot of people that wonder how to make passive income?

First though, for folks that don’t wonder how to make passive income because
they don’t even know what passive income is; I’d like to give you a definition of
passive income.

Passive income is an income received on a regular basis with little to no effort
required to maintain it.

Ok, so now that we’re all on the same page and we all know what passive income is
now it’s time to talk about how to make passive income.

I’m going to share 3 easy steps that you can use that will demonstrate to you how
to make passive income.

How To Make Passive Income – Tip #1

Get Educated! No, I’m not talking about going back to high school or anything
like that (oh and kudos to you if you’re reading this and you’re currently in
high school!)

I want you to get educated on the different passive income streams that are
out there.

I mean seriously, how can you learn how to make passive income when you have
no idea what qualifies technically as passive income, right?

In all seriousness tho, I bet you already have a passive income stream right now.

Do you have a savings account? Certificate of Deposit? If you do, then congrats
you are well on your way, because you already have your 1st passive income stream.

By the way, I know that when you inquire about how to make passive income that
you’re not referring to making 2 or 5 cents a month on your money in a savings
account! No worries.

But seriously, educate yourself on different passive income streams first. Check
out this post of mine that goes over different passive income streams and that
will help you with the education process and then ultimately with how to make
passive income.

How To Make Passive Income – Tip #2

Pick one! After you have educated yourself on different
passive income streams, you’re going to have to pick one that resonates with
you the most.

There are so many different passive income streams out there that it could
be hard for you to decide really how to make passive income and which one
to pick to get that goal accomplished.

But you’re going to really have to pick one for now (and yes, I said for
now because ultimately you’re going to want multiple streams of passive
income.)

So, pick a passive income stream now that you feel you understand the
best, you feel that you could easily comprehend it and you feel that you
could really make a decent passive income stream with it.

(You can make a list of favorite to least favorite if you’d like. Save it because
you will be picking another passive income stream later!)

How To Make Passive Income – Tip #3

Do it! Yes, I just said to do it. Listen, you now know
how to make passive income, right? No excuses there.

You’ve educated yourself on different passive income streams. No excuses
there.

You’ve picked one that resonated with you the most. No excuses there.

So, now the only thing left for you to do is pull the trigger and take the action
steps needed to PUT YOUR NEW PASSIVE INCOME STREAM INTO MOTION!

Listen, just thinking about how to make passive income isn’t going to make you
passive income.

But taking action to add passive income into your life now that will really get
some passive income into your bank account.

Now, that you know how to make passive income, what passive income streams
are you thinking of starting with? (And no, I’m not talking about a savings account,
but hey, if you don’t currently have one and that’s how you want to ease yourself
into passive income, then go for it!)

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