How to build and develope passive income streams on the internet and elsewhere.

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Earning Passive Income Is Fabulous ... if I can you can. VISIT THE WEBSITE FOR GREAT
MONEY MAKING IDEAS
www.incomeunlimited.biz
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Many articles cover different ways of saving money as well as adopting a proper attitude towards
saving money and managing your personal finances, without really venturing into the realm of
earning money. Today I want to go over three different types of income (active, passive, and semi-
passive), how they all work, and how you can utilize each type to continually increase your net
worth.
What is Active Income
Active income is the main source of income for the vast majority of people. It requires a direct
exchange of time for money. The more you work, the more money you will make.
An example of active income would be the typical salaried worker. They work 40 hours a week in
exchange for a given amount of money.
Pros of Active Income
You know exactly what you will get in return for your time
The time you spend working directly corresponds with how much you will make
You see results immediately
Cons of Active Income
You have less free time for yourself
The time you spend working directly corresponds to how much you will make
In order to increase your active income you have to do one of two things.
Work more
Get a promotion or a raise
For the person whose goal is financial freedom, working more is not an appealing option, and
most professions are limited by the market when it comes to increases in salary. This makes
active income a great candidate for secure and consistent cash flow which can be supplemented
with other types of income.
What is Passive Income

2. Many people see passive income as the Holy Grail to gaining wealth. It initially takes work to get
started, but will continue making you money even when you aren't working. This is what makes it
so appealing.
An example is selling stock photography or graphics online. Once you do the work to get the files
posted, you can continue earning money without doing a thing.
One of the most common problems people have with this type of income is that they will only get
to a certain point of earning a small amount of money, only to lose interest and pursue something
else. The trick to passive income is to try a few things out and see what works, then pour your time
into a select group of ideas to build them up. Long term cultivation can yield a large amount of
essentially work-free money.
Pros of Passive Income
You make money while you sleep
It frees up your time to pursue other money making ventures
It can provide a long lasting source of income
Cons of Passive Income
You usually don't make a lot of money all at once
It can sometimes take a long term commitment
It may eventually stop earning you money
By building up multiple income streams, you can focus your efforts on improving the ones that
work best, while eliminating ones with a low return. As you continue to increase your passive
income, you will eventually reach the point where you can pay for all of your expenses without the
need for another job. This is part of my main goal and can be attained more easily than you might
think. Notice I said "attained more easily" and not just "easily attained". Passive income still takes
hard work and dedication, but the long term results are superior to active income.
What is Semi-Passive Income
Semi-passive income is a combination of both active and passive income. Semi-passive income
will continue to make money when you aren't working, but it does require a certain degree of
maintenance or management.
Owning your own company is an example of semi-passive income. Your business will continue to
earn money without your presence, but usually requires you to check in and make management
decisions along the way. The more you put into it, the greater the potential for earning becomes.
Another quick example of semi-passive income would be acting as a landlord. You make money
every month from the rent payments, but you still have to check in frequently to ensure everything
is as it should be, as well as taking care of any potential problems with the property or tenants. It is
partially a long term investment as well because you earn money monthly from it and expect it to
appreciate in value over the years.

3. Pros of Semi-Passive Income
If you own a business, there is large potential for growth because your employees are actively
growing your company
It frees up time for other endeavors
You can sell a company or house at any time
Cons of Semi-Passive Income
It requires more responsibility than standard passive income
There is a certain degree of management and maintenance that is required
Semi-passive income is so tantalizing because it can earn you money without work, but if you
spend some extra time with it, you will begin to see greater returns.
The Trick to Earning More Money
Find ways to make money using all three types of income and then continually analyze your
progress and focus only on the highest performers.
Oftentimes, having an active income job and pursuing different passive income ideas is the best
way to go, and is what many people strive for. Multiple sources of income protect you from the
unexpected and also hold the potential to maximizing your earning ability. Once you find a way to
earn enough passive income, you will have the choice of working only when and if you want to.
How To Start Earning Multiple Types Of Income
Most people already have monthly expenses and work an 8-5 job, so they feel that the only way
out of that job is to get rid of everything they have. The truth is that while it is a good idea to start
over from scratch if you have the means to, you don't have to eliminate your monthly expenses to
get ahead.
The old adage, "Slow and steady wins the race", portrays the attitude that is required when you
begin considering different income options. Find one idea and work with it. A lot of times, we think
of one idea but don't see an immediate return so we move on to something else. This is the one
deadly sin of passive income. You have to practice patience before you will begin to see progress.
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Article Source:
http://EzineArticles.com/?expert=Johan_Sams

4. ==== ====
Earning Passive Income Is Fabulous ... if I can you can. VISIT THE WEBSITE FOR GREAT
MONEY MAKING IDEAS
www.incomeunlimited.biz
==== ====