Passive income is a kind of income that you gain without working so hard, without making so much effort, and without giving out so much of your time. It allows you to be the boss of your finances, time, and life.
It is very different from active income wherein you have to work 9 hours a day or more in order to receive salary, commissions, or bonuses. If you don’t work, you don’t have an income.
Of course, you will not just sleep in order to earn a passive income because you have to work first. You need to invest time and effort to establish your business or product to gain profit in the long run. Working hard at first and collect income after.
I’m a full-time mom so I don’t have an active income but I earn something through passive income.
1. Guest Post Space
I started this blog without thinking about income. I just really wanted to have my own space where I can share information then after few months, I received opportunities to earn. I consider that a passive income, it may not be a big moolah but at least I earn something to pay for my domain. :)
2. Dividend Investing
If you invested your money in the stock market, you will earn a dividend from the company that you have shares. The amount varies depending on company performance.
3. Take Surveys
I earn by taking surveys, the pay is not really that big because it is not easy to accumulate points but it is still an income. All it needs is a little time to finish the surveys.
These three are examples of earning passive income, I know that it will not make me retire rich so I’m still searching and learning how to increase my passive income. I’m glad I’ve read the Passive Income ebook by Samantha Connor. Click the link below if you want to purchase it.
Passive Income: The Ultimate Guide To Becoming A Money Machine And Have Unlimited Income Even While You Sleep (Passive income, business ideas, make money, income stream Book 1)
I’ve enjoyed reading the book because it gives me more ideas on how to increase my passive income. The ebook is so easy to understand and you can finish it in one sitting. So if you want to learn how to earn additional income, read this ebook. Passive Income ebook will inform you that there are so many ways to earn money even while you sleep.
I also take survey as passive income. Pag na-accumulate kasi small earnings malaki na din :)
ReplyDeleteTrue, malaki na rin pag naipon. :)
DeleteMy dad is a financial planner and consultant and I always hear the word "passive income" from him so reading this is familiar. Hehe. Will also try to get a copy of that back. Thanks! :)
ReplyDeleteI take surveys too aside from joining affiliate links, it's good to have passive income especially when you have a family to take care of. Thanks for the insightful post!
ReplyDeleteI want to earn from affiliate links too. :)
Deletehello elizabeth.. how is this affiliate link possible? i want to know more
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