PASSIVE INCOME-4
Passive income may be defined as income that does not require direct physical or mental effort 100% per cent of the time. In a way interest on bank accounts can be included in the items regarded as passive income.
Similarly income or dividends from shares can be also because all they require is the investment of your money which are then traded into shares or stock of the company. The company then uses the money to create a dividend for you and the company.
Probable the most fruitful of passive income comes from Royalties either from something you have invented, or written, designed or sung. For instance I think John Lennon’s ‘Imagine’ song took two hours in total to produce yet the song still generates income for his estate 30 years on.
Similarly the man that invented the first can opener the estate still derives royalties from the design patent & the royalties that come from it.
The bottom line is either you invest your time your money or both. With most start up businesses say such as Omega-trend you have to come up with about $300 dollars for a starter pack and find a omega-trend member who is willing to sign you up.
Usually they are and then the best thing is to be guided by them as to where to go next. Usually the first issue is to get a contact list of people who you can contact about the product and services that say omega-trend offer.
You then ring these contacts and say something like. Ive got a product or service that can generate residual income for you that requires little of your time. Would you be interested in earning more money ?.
So on and so forth until they become member and start doing the same toying. Eventually you can have a large network of affiliates who you get a percentage of the profit generated by all the sales. This can be quite lucrative.
Some of the earlier superstars earn 10,000 dollars week. It must be remember though that they are the ones at the top of the pile and there fore they have already invested considerable time coaching their affiliates and ensuring they select the right ones to train.
Other forms of passive income might be working for Amway or Avon. With these you promote products and services to friends acquaintances ands other social networks in time you generate affiliates who are accountable to you and with that you earn some of the profit that the affiliate makes.
On the Internet income is generated by the number of people that visit and read your site and as well purchase products that are advertised on your site. With this you need to ensure your properly registered with each advertiser and that the code is in the right place on your site ands active !
True meaning of passive income and how to generate passive income in the News
(a) Retain older workers, employers urged The Malaysian Mirror1 second ago
KUALA LUMPUR – Employers should retain mature and experienced workers, via retraining and flexi-work arrangements, for they have rich experiences to continue contributing to organisations, says Shahrizat Abdul Jalil.
(b) Retain mature, experienced workers: Shahrizat The Malay Mail1 second ago
KUALA LUMPUR: Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil wants employers to retain mature and experienced workers, via retraining and flexi-work arrangements.
(c) Retain mature, experienced workers: Shahrizat The Malay Mail1 second ago
Sunday, July 18th, 2010 04:57:00 KUALA LUMPUR: Women, Family and Community Development Minister Datuk Seri Shahrizat Abdul Jalil wants employers to retain mature and experienced workers, via retraining and flexi-work arrangements. Such a move, she said, would enable the older workers to extend their working life so that they could save and lead a decent, comfortable life in later years. (frans hartanto)
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Saya lebih menganjurkan menuju ” Status Passive Income ” dimulai sejak dini sambil bekerja makan gaji bulanan meski pas pasan dengan latihan menabung dicelengan atau kalau diBank cari yang tidak pakai ongkos administrasi dan tabungan ini dikembangkan untuk diputar jadi besar membukit, misal dengan kulak barang murah dijaman inflasi dari toko meracang/ grosir yang kurang informasi kemudian dijual lagi demikian dikembangkan terus sampai bisa beli asset, ingat bukan liability ( bukan beban keuangan/ pengeluaran bulanan seperti TV, mobil, rumah, tanah ) yang lebih besar sampai suatu saat karena sudah terlatih menemukan usaha yang tidak perlu diurusi sehari hari menguras tenaga fisik dan mental.
Kita jadi merdeka dari keuangan dan waktu, kemudian kita menjalani hidup dengan bekerja untuk kesehatan dan kemuliaan karena bermanfaat bagi orang lain dengan gembira demi kepentingan orang lain yang belum beruntung seperti kita.
Mereka yang berpenghasilan tinggi jangan kelak mengandal gaji pensiunan saja,demikian pula para juragan, juga harus menabung dengan cara masing masing untuk suatu saat mencapai status passive income seperti diatas.
Kemudian menjalani hidup mulia karena bermanfaat bagi orang lain, sehat tetap produktip diusia tua dengan bekerja amal bagi orang lain yang belum beruntung.