Build Passive Income to Retire Early

Build Passive Income Streams to Retire Early

This is the Information age and in the Information age, no one wants to work hard and retire at the age of 60 or 65. But more and more young people want to retire in their thirties and forties. And in fact, few people around this world have managed to retire early in their thirties or early forties only.

Now, the question is that, What is the basic element to retire early? How can you retire early and enjoy rest of your life?

Well, the Core element of retiring early is – You develop multiple Passive Income streams in your life.

This is the only way to retire early and enjoy the rest of your life. Now, Passive Income is the income to earn which you don’t have to work hard. You have to put only one time effort and that’s it. That Income flows for the rest of your life and for future generations even without your presence.

Here are the few Examples of Passive Incomes.

- Rental Income
- Dividend Stocks
- Interest Income
- Portfolio Income
- Books, Movies, Songs, Music and other Copyrights Royalties
- Business in which your presence is not required
- Income from Online Assets (Web Properties) such as Blogs, Forums and websites in which once you develop a Blog/Website having sufficient web traffic, that income will keep flowing into your account.
- Insurance Agent Sales you the Insurance Policy and make money for the year
- Network Marketing
- You do a Seminar or Stage show at once and make huge money

Thus, the above are the examples of the Passive Income. If you want to retire early and enjoy your rest of the life than you have to build anyone or more of the above passive income streams. Developing the above Income streams is the one time hard work.

Say for Example, you work hard once to acquire the Rental Property. You work hard at once to write a great book, produce a movie or a song. You work hard at once to develop a great blog or a website, you work hard at once to develop a portfolio of Dividend Stocks…etc…

This is one time hard work only. Means you work hard at once and than enjoy the passive income for the rest of your life. Take the Example of Michael Jackson. He worked hard at once only to develop those mind blowing pop songs and today even after his death, his songs are still generating hundreds of millions of royalty income for him every year.

Take the Example of ‘Rich Dad Poor Dad’ – The New York Times Best selling book by Robert Kiyosaki. Robert worked hard at once in the 1997 to write such a great book and today he is still making millions of dollars in royalties by selling his books.