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Understanding Passive Income Money Machines

[ 0 ] December 20, 2010 |

Passive Income

One of the things you will never learn in school is the secret of passive income.

Rock stars understand it. So do authors, movie producers and movie stars, investors and real estate developers…

What is Passive Income?

The concept of passive income is simple – it’s getting paid 24/7/365 even if you are not working, even when you are asleep or on vacation. Earning money day after day, month after month, year after year for work you did one time. Passive income streams  is how rich people get rich- and richer.

If you can do the work of creating passive income one time – like writing a book (or eBook), setting up a direct response website that sells something, setting up a passive income business, buying or building a rental property, stuff like that – that will keep on paying you once it’s set up, then you can have time off from work whenever you want…

Or, better yet, you can set up another passive income stream and make even more money. This is what rich people do – they set up passive streams of income over and over and over. That’s what I do.

This website that you’re reading this article on – The Real Truth About  Magnetic Sponsoring – is one of my “passive income money machines”  (that I set up about 6 years ago) that has been paying me every month for over 6 years now.

Most people have to work until they drop dead, or get too old to work, or nowadays, until they get laid off and can’t find another job. And even worse, they never seem to “get ahead” and be able to afford the nicer things in life.

Many people have plenty of money and no free time, or a lot of free time and no money, or even worse – no money and no free time either.

The best of both worlds is to have plenty of money and plenty of free time, and the way to get yourself into this position is to set up some “passive income money machines” for yourself and your family. This is how you can create a great lifestyle for you and your family.

Too many people think that creating this type of lifestyle is out of their reach because it is either too expensive to set up, or too difficult, too time-consuming, or too-something or another…

But, this is not true at all. You just have to know how to generate passive income, or find someone that’s already done it to show you the way. There are plenty of passive income opportunities available

It is really pretty simple to set up an online business with your own website and earn a passive income on a part-time basis at first…And, depending on how much effort you put into it, you may be able to quit your job after a few years and either continue building your passive income full-time, or even retire if you want to. Thousands of people have already done just that.

With passive income, as well as residual income (there is a difference), you don’t have to win the lottery to create a better lifestyle for you and your family.

You can create your own passive income portfolio and get paid over and over just like a landlord collects rents, inventors and musicians and authors and movie stars collect royalties, and investors collect dividends. You can start building your fortune today, it really is that simple.

There’s nothing like getting direct deposits to your checking account and PayPal account for work you did like 6 years ago.

This is the smart way to work. The choice is yours whether or not you start building your own passive income money machines, or keep on working at your job and hoping you don’t lose it in this mess the economy is in.

I suggest you learn how to make passive income, it’s better to do it before you need it.

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