Passive Income is the income you make from your investments. These investments make you money that you do very little work for.
When I learned about the concept of passive income, I immediately became excited about it. I read every book I could get my hands on about wealth, personal finance, real estate, and entrepreneurship. Most of these books were heavy on concepts, but light on specifics. With this in mind, I went to seminars and started mingling with people who were already doing it to find out how they started. Here are five suggestions from what I’ve learned.
1) Buy an investment property with no money down.
Pros: inexpensive, huge asset for nothing but a signature
Cons: need good credit, must choose wisely, must find tenant quickly,
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clipped from geniustypes.com
1 comment:
Creating passive income is not very simple. You must hard work and improve your skills. You must know that... first year is hard because you learn new things, try new strategies which will make in create a passive income. At the beginning try to create a blog or a website. After years you will try with real estate and own business.
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