There are a great number of people that don’t know what passive income streams are. I want to share with you today, not only what they are, but why you should have multiple passive income streams.

Wikipedia defines passive income itself as: an income received on a regular basis, with little effort required to maintain it. So, obviously passive income streams are having several income streams that are passive.

So, when you go to work everyday from 9am to 5pm, that is active income. If you’re not at work “actively” working then you’re not making income.

When you are investing in real estate as a wholesaler and you’re chasing deals and buyers everyday that is again active income.

Why not leverage your time? Take back your time and your life all while creating passive income streams that will ensure your financial future?

You can always only work so many hours in a day. You. But money, on the other hand, can work for you all of the time. And the more money you have by creating multiple passive income streams, the more your money can grow and work for you.

What Kind of Passive Income Streams Should You Look For?

There are all types of passive income streams that you could add into your income column. Some may require a little more of a time “investment” then others.

But still, none of these passive income streams once they get going will a) require you to work 40 hours a week, b) will make you only take 2 weeks vacation and c) will have you spend more time with your co-workers then with your family and friends.

Of course, you can spend 40 hours a week, if you want to, creating passive income streams. The key phrase there just in case you didn’t catch it was if you want to.

Some ideas for passive income streams are:
1) The ATM business is an awesome idea for passive income streams. This is one of my major passive income streams that I use.

2) Multi-family investing or rental real estate is another awesome idea to add to your passive income streams. Again, this is another one of my major passive income streams that I have in my toolbox.

3) Network Marketing/MLM is a fantastic way to get some passive income streams going. A lot of folks will refer to it as residual income as well. And there are some similarities and differences between the two. But the idea is the same for both!

4) Creating blogs and websites like this one are a great way to accumulate some passive income streams. You can sell affiliate products and make a commission on them or make money off of adsense.

Folks, the list goes on and on…I honestly could be here for days talking about passive income streams for you to take part in. The key for you is to pick just one for now and develop it and then watch your money work for you. When your money is continuously working for you and you not for money, then you’re well on your well to adding multiple passive income streams to your life.

And ultimately, claiming back YOUR TIME and YOUR FINANCIAL FREEDOM all thanks to passive income streams.

I spoke to the folks yesterday and I have something pretty big (for me, anyway) in the works
for my ATM Business Blueprint course. This is being postponed until 2012 (later in the year.)

Which was a relief and also a blessing at the same time. I mean it would have been exciting
to do this right now (it would have been very last minute) but now I actually have some time
to perfect my speaking and my presentation.

And like my accountability partner said about me having a lot of time to practice and perfect
things, that will be my ticket to “a long term relationship.” Which I think would be a beautiful thing!

I know I’m being secretive but trust me, it’s really cool and I’m hoping to pull it off next year.

Definitely you all will be in the loop. For now, I’m going to be doing online webinars,
interviews and speaking engagements for my ATM Business Blueprint course. All the while, while looking for multi-family properties.

So, if you have a REIA that you think would love to hear about a perfect complement to any real estate
business, please hit me up and let’s get ‘er done! Or if you think any other group would be interested
in hearing about passive income opportunities with the ATM business I’d love to hear from you.

Any other ideas besides real estate investor associations that you think would like to hear about
the passive income opportunities with ATM machines? Post ‘em below…….

Remember when I wrote that post about will gardening give me a new ATM placement for my ATM business?

I’ve been talking to the business owner, a really nice guy actually. He owns several businesses and I think his businesses and my ATM business are going to be good friends lol

We’re meeting so I can place an ATM in one of his restaurant/bars (the bar is the key money maker here!) Plus, he wants me to place another ATM of mine in a restaurant/bar that he will be opening up soon (right next to the original sub-shop where I started talking about my atm business that started this all.) Can you see what I mean when I say my ATM business doesn’t stop growing…..and it’s like I can’t even stop my ATM business from growing if I wanted to (but of course I don’t want it to stop growing!)

Networking and my ATM Business

My ATM business is a heck of a lot like my real estate business whereas if I’m not opening my mouth telling people about it well then they don’t know I’m in the ATM business at all. Folks, how many times have I said to open your mouth about your real estate business? or your ATM business? A big key to my ATM business and real estate business and I’m sure you will find in your atm business or real estate business is just talking to other people about what you do. Networking. Even if you’re standing in line somewhere shooting the shit!

I’m telling you just talking about your ATM business and what you do or talking about your real estate business and what you do will get you results!

I am going to have 2 new ATM locations and possibly more all because I asked one little question to a lady that took my cheesesteak order. This is not rocket science! You can have a successful ATM business too….all you have to do is….ummm order a cheesesteak? hehehe just teasin’ You can actually be well on your way to having a successful ATM business just by signing up below for my free ATM business training videos!

P.S. Get your free ATM training videos here and learn how you can start your own ATM business and create cashflow for life!

Sunday Kathy, her older sister and I were gardening all day at our house. It is so not fun for me, but alas it’s my house too. Well I began to dig out one of our rose bushes because we were moving it.

Next thing you know: CRACK! SPLAT!

I look and there apparently was a robin’s next in there and 3 little robin’s eggs cracked. I felt soooo horrible (I’m a huge animal person.) Anyway, Kathy and her sister told me to stop with the bush and get some lunch for all of us.

I head to a local place around us that makes cheese steaks. They have a minimum for credit card orders but I forgot what it was. I ask the lady. She said $10.

I say no problem. Then I follow that up with…..are you ready for this? “Have you guys ever thought about putting an ATM in here?”

Simple, eh? It’s one of the key phrases I teach in my ATM Business Blueprint course.

Well she proceeded to tell me that they use to have one but it was always out of order and the ATM owners never kept it filled with cash. So they got rid of it.

I told her about how I own a small, local ATM business and I live 5 minutes away so keeping it in service and loaded with cash isn’t an issue.

She was thrilled and gave me the owners name and phone number. Now I left the owner today and I don’t know if we’ll end up putting a machine there or not, but the point of this entire post was for you to learn this key phrase: “Have you ever thought about putting an ATM in here?”

Learn the ATM Business and create passive income without any tenants or toilets!

I mentioned the Diva Money Club a month or so ago and I’ve been involved as a member, or Diva, since they opened their virtual doors. Anyway, the gist of the Diva Money Club is they want to help all Diva’s and Divo’s (yes, men you are allowed to join too) get out of their jobs within 12 months and they do it in 2 ways; real estate and online marketing. Basically they will help you replace a $50,000 a year salary with one or both of those methods within 12 months. (Ok so if you make more than $50k a year…don’t worry, I’m sure they will help you make that happen too!)

Who are the Diva’s? Well a few of them you may be familiar with as they are friends of mine that you’ve seen on this blog before. The other ladies I’ve come to really like and have become friends with as well. Here is the breakdown for you:

Steph Davis – you may know her from FlipThisWholesaler.net She’s the blogging and wholesaling diva.

Shae Bynes – you may know her from GoodFaithInvesting.com She’s the real estate Diva and online diva as well (Plus she’s quickly becoming the private money diva because of all of the private money she’s been getting lately.)

Julie Broad – you may know her from RevNYou.com She’s the real estate and online marketing Diva. She’s from Canada, eh? hehehe I love doing that with Candian folks.

Susan Lassiter-Lyons – you may know her from well a lot of things and most likely theinvestorinsights.com Susan has done it all. She’s the Diva of Diva’s. She’s made loads of money in online marketing, loads of money in commercial real estate, loads of money syndicating real estate deals and she’s raised over $26 million in private money (oh and yes, I said million!)

As you can see there are some real heavy hitters running the show at the Diva Money Club.

Now, what do I think of it? Well if you know me and I’d like to think that you do after spending this much time with me thus far, you know that I’m not about b.s. I don’t care for it, I don’t have time for it and I don’t think you deserve it. So I’ll never hold back what I feel (sometimes that’s good, sometimes uhh not so good )

Anyway, here is the scoop: I have learned so much from just Susan alone these past couple of months that she alone is worth it. You all know that I’m launching my ATM course, well a lot of questions that I have I ask Susan to help me with because she’s launched tons of courses online. Actually, all of the Diva’s have launched some type of course online. I think Susan may have the most, but Julie has a lot too. Anywho, I don’t just get Susan’s feedback…I get everyones. Plus, I get the feedback of the other members of the DMC.

It’s kind of cool….we’ve all became a tight nit bunch and we’re constantly trying to help one another out; whether it’s critiquing websites or sales pages or helping with wholesaling contracts or investor friendly title companies we’re ALL there to lend a hand.

Are they teaching some stuff that I already know? Of course. But that’s ok, not everyone else knows it. I just don’t spend time on that stuff. I spend time on the forum in the sections that I want to learn more about and I spend time watching the video modules that I want to learn about. Oh yeah I forgot to mention, not only is there a forum but there are video modules for real estate investing and video modules for online marketing. It’s awesome!

Plus, they have extra bonus they’re always adding and they have something called Deep Dive Trainings. They are just extra video trainings that they share. It’s really great stuff!

So bottom line….I give it 2 thumbs up. If you’re looking to eventually leave your job or even if you love your job but you’re looking for some extra income then you have to check out their 3-part free video training at the Diva Money Club.

It’s free training! It can’t hurt to give it a listen, can it? I promise you’ll be blown away. Check out the training videos for the Diva Money Club here. And then I would love for you to come back here and let me know what you think!