How to Achieve Passive Income

The idea of passive income refers to income to comes to us even when we are passive. This is in constrast to being "active", meaning to say we have to go out there and work for it.

So, what are some ways to create passive income?

For most people, putting in a bank and receive the 1.75% is the only source of passive income.

If this is so, chances are you have a low chance fo becoing financially free.

For e.g. if you need $3000 per month to sustan your current lifestyle, you will need = 3000 X 12 = $36000 per year.

So in order to get $36,000 per year @ a 1.75% interest rate, you will need = 36000/0.0175 = $2,057,142.

Well, it is of course, not impossible, but it may take a long time.

Here are some ways to achieve passive income faster:

1)Investing
2)Writing options
3)Trading
4)Rental Income via Real Estate
5)Income from intellectual property
6) Internet Business
7) Blick and Mortar Business
8) NetWork marketing