Passive Income Advice

Passive Income Advice

Recently few readers ask me for the Passive Income Advice. They asked me that, which is the best passive income stream among all the different kinds of Passive Income streams?

well, there are several Passive Income streams in this world such as Interest, Rental Income, Dividends, Business Income, Online Income, Royalties, Writing a Book, Selling Information products like eBooks, Videos, Seminars, Educational products…etc..

But among all the Income streams, my favourite Passive Income stream is the Online Business Income. There are several advantages of developing an Online Passive Income Stream.

One most common advantage is that, you can develop it from an idea only. Yes, it doesn’t require money to make money any more in the information age. It just require an idea. Take the example of this Blog. This Blog is my Internet Business and I did not invest any money to start this Blog Business. This Blog born out of an idea only and ideas are Free.

Today after one and a half year of Blogging, I am earning good passive income from this Blog. It’s like making money even while you sleep or watching TV. The Best part about Online Income is that, everything is automatic and software operated so you just have to set up a system to build this income stream. Once you set up the system, the money will keep flowing into your bank accounts.

Many Internet Entrepreneurs from all around the world are making 6 figure income from their Blogs, Forums & Websites even while travelling the world. The famous Australian Blogger Yaro Stark (The owner of the Blog Entrepreneurs-journey.com) is making money from his blog while travelling the world.

So I personally like the Online Income stream as a passive income stream. As everything is automatic, you can focus your efforts on simply one thing. Say for Example, I am right now only focusing on creating a good financial educational content for this Blog. I don’t have to focus on payment collection from the advertisers or anything else. My Google AdSense account and the Blogger Server takes care of everything.

So my advice to young people is that, Go for developing Online Income stream as early as possible in your life means now…!!!