Download or read book PASSIVE INCOME IDEAS written by Larry Bloomberg and published by . This book was released on 2020-12-27 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Passive income is something many people dream of. We have all heard stories about how we can make a lot of money easily without having to make much effort. We're going to leap straight in to goods or services that people advertise online and hope that it's all going to turn out for the best. We will end up failing pretty quickly with this sort of mentality. It is not the fact that it is impossible to make passive income; it is more the fact that a higher percent of the people who are drawn to this concept are not prepared for the time, effort and commitment they need to put in. Money makes certain aspects of life simple. It helps us to do stuff we couldn't do without it. We could use more money than we all had. To several of us, putting in more hours at work than we already do may like the only way to do it. We're feeling constrained about what we can earn. Taking a second (or third) work is daunting to think about, yet in an effort to break out of debt and make a good income, many people do just that. The cost of living just keeps on growing year in year out. But let's face it, in the same proportion, our incomes are not inherently increasing. It's not the solution, to work longer hours, and take time away from people and things you enjoy. The right solution is to find secure and stable ways to make money, and that doesn't allow you to spend your life working so hard that you don't have the time to smell the roses. This guide is a wake-up call for people looking to earn through a passive income. It's not really meant to scare you away from trying to win one, but rather it's meant to tell you the truth and let you know what it takes to actually succeed. Is there any way to earn more money without working more hours each day? Sure, there is. It is known as passive income. Of course, this is not a kind of approach that is quit-your-job-and-get-rich-right-now, but a new path to slowly turn to, a path that can very well lead to prosperity too. Mere survival, at the risk of sounding too coarse, is no way to go through life, particularly now when there is a world of opportunity right before us. Passive income simply means you're making money or services work for you. Earning a passive income is a little bit of hard work, and it will require a lot of individual effort and time. For you to achieve success, you have to be ahead of the curve and be able to think outside the box to gain the great advantages that you expect. Although it may be a challenging task to make a breakthrough and create a profitable passive revenue company, it will certainly pay off later on. Liberty, independence, and a complete control of your own time are some of the benefits of this type of business venture. Admittedly, the first steps toward the passive income program will require work, sometimes even hard work, but the end goal is worth it all. One way to look at it would be this: Within a year, you may well be on your path to freedom and security with consistent effort. Needless to say, many people are working toward this goal for a whole lifetime, only to achieve it in old age. Technology is rapidly transforming the world that we find ourselves in today. Many voices warn about technology "taking our jobs over", belittling human effort and work, but they fail to see the big picture. What's more, who would want a back-breaking, exhausting task anyway, if your armchair's comfort could be an alternative to dragging the currency in? Through constant technological advances, whole new markets arrive, and therefore a full spectrum of sources of income, so easily accessible for millions, beyond your imagination.