Cheap Retirement Living

Passive Income – Make Money While You Sleep!

Passive Income is money that you make from work you did once, yet you keep making money without any or much further activity on your part. Royalties from books, songs and movies or dividends from investments in stocks and bonds are all examples of this ideal source of retirement funding.

Most of us earn our living by exchanging time for money. Our time for the employer’s money. During the time we give the employer we perform various actions on their behalf. This is a finite method of income earning because we can only work so many hours in each day. Even if we billed for being on call 24/7 at a great hourly rate, there is still a cap on our earning potential dictated by the number of hours times the hourly rate.

If we owned a business where we charged out other people’s time and took a percentage of that income then we can multiply the income by the number of people working for us but we are still limited by the number of available hours and the hourly rate. Then we have to deal with the personnel issues that will arise. The more personnel you have earning you income, the more issues that will arise. And we are supposed to be retired, remember?

The solution is to earn passive income and when we consider we are exploring ‘cheap’ retirement living then we don’t need a great deal of income, passive or otherwise. A part time job might do the trick but again we are swapping time for money. Wouldn’t it be better if we could invest some time and effort now, and then enjoy the continued income that time and effort generates for weeks, months even years to come?

That is Passive Income. Click on the links below to get some ideas and direction on various passive income

Related posts:

1. Internet Income Ideas
2. Making Money
3. Indirect Savings
4. Saving Money
5. Direct Savings – The Most Important Habit To Acquire

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