Clocking in to a second job is not feasible with the current demands of life, such as kids, sleep, dinner, dating etc. The average american now works or is in the market to work 30 hours per week or less. This opens up the curiosity of other other available avenues of revenue but one must understand and decide what type of revenue is right for them. Let us expand on 2 current forms of revenue and let you decide.
Passive income is money that is earned from an enterprise that has little or no ongoing effort involved. This is what dreams are made of right?! You’re making money even when you aren’t doing anything which can include:
1. Book Sales
2. Digital Resource Sales
3. Affiliate (Referral) Shares or Sales
4. Product Sales
5. Product Distribution.
8. Rental Property
Make Money While You Sleep—Literally!
This means that even if you’re sick, traveling, or don’t feel like working, the money you’re your passive income source(s) continues to roll in.
No Limit on Your Income
The thing about earning money from a corporate job is, no matter how hard you work, no matter how fantastic you are at your job, no matter how much extra time you log, there will always be a limit to your income—that’s why the term “salary cap” exists.
Residual income is money that is earned on a recurring basis, typically as the result of a single original action. Rather than earning an hourly wage, residual income is typically generated through an initial investment of time or money with the goal of earning continuous payments. Once the initial investment, product, or service is made, the ongoing income that is earned is generally passive in nature which include:
2. Vacation rentals
3.Start a Blog
4. Create a online course
5. Earn Credit Card Rewards
6. Start a Youtube Channel
7. Open a online store
8. Build a App