#78. How To Get Rich With Passive Income

How To Differentiate Between Active Income And Passive Income To Achieve Great Wealth

Most of us are earning an active income. Active income is the income you get from working in a job. You work you get paid. You live from month to month depending on a salary. You can't earn more even if you work harder. It's hard. The poor continue to stay poor.

You trade your precious time for a small sum of money. This is not the way for wealth.

To be very wealthy, earn passive income.

Rental income - from real estate investment and things such as cars, machine and equipment.

Royalties - earned from your books, inventions or other copyright stuffs.

Interest - earned from bank savings and other investments that earn interest.

Residual income - from network marketing organizations or multi level marketing businesses. Earn from other people's work.

Dividends - from investment of shares in companies or unit trust funds. The more you invest the more dividends you will get.

The above passive income is how the rich gets wealthy. They make their money work for them. They also earn money from working only once such as writing a book. They write a book once but get paid over and over again from the sales.

You can get rich too from any of the methods above. You just need one to become very wealthy. Look for ways to do it. Find out more about it. Make your money work for you while you sleep, 24/7.