Thursday, February 11, 2010

Guide to Passive Income

Greetings all. This blog is dedicated to the process of building, maintaining, and growing sources of passive income. Let me be very clear about what I consider passive income.

Passive income has the following qualities:
1. It requires some upfront work/research, which can cost you time and/or money
2. The return on your investment of time/money is continuous
3. Once implemented, it requires no/little work to maintain

Under this definition, I will also include "Passive Savings" as a category of passive income, because let's face it, money not spent spends just as good as money earned.

As long as there are no changes in laws or policies, the items found on this site can all be considered ways for you to generate passive income. I encourage all comments, especially those that fall into one of these three categories:
1. Corrections/Improvements
2. Additional Resources
3. Personal experience with the process being described.

Of course, any other feedback is also welcome, but I'd really like to make this as useful as possible in terms of content and results. Thanks and happy reading.

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