Passive Income: Stop Working Hard For Your Money And Let Your Money Work Hard For You! by Omar Johnson

Author:Omar Johnson [Johnson, Omar]
Language: eng
Format: azw3
Publisher: Make Profits Easy LLC
Published: 2013-07-02T16:00:00+00:00

Now, let’s talk about the different types of passive income streams that you can create for yourself:

Tangible products

Intangible products

Residual income

Investment income

I’m going to work backward on this list, to try and hopefully paint a broader picture of passive income and how it is a very real and potentially lucrative prospect for you.

Investment income. One of the most common passive income streams that we know of today are investments. There are countless ‘investors’ who place money in stocks, CDs, bonds, and other types of investments, all with the intention of expanding wealth into the future.

Men and women place their money into these investments for some level of ‘yield’ (a return on that investment over time is known as the yield). CDs and certain bonds offer a limited yield, or ROI (Return on Investment). Others, such as stocks, have the potential to provide a high amount of yield, but there are no guarantees. You could invest $10,000 on the stock market and lose a vast majority of it before you sell your stocks.

401(k)s through an employer are investments in stocks and bonds that are intended to increase the individual’s wealth over time. Generally speaking, the stock market continues to grow and gain wealth over decades. Yet millions of people saw their 401(k)s obliterated in 2007 and 2008 when the market crashed, leading to the Great Recession.

For the purposes of this book, we’re not going to talk about investments of this nature, but the more you invest, the more opportunity you have to earn passive income. That’s because the money you invest is money you already earned. Once invested, any money you make from it is extra money, so it’s passively gained.

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