Passive Income Streams

How to Generate Passive Income Streams?

What I like about Passive Income is that, you have to work hard at once only to develop that passive income stream. Once you do this hard work, your job is over. After that weather you work, not work, sleep or travel the world, the money will constantly keep flowing into your bank accounts.

All you have to do is, you have to focus all of your Time, Money & Energy behind developing multiple passive income streams. Say for Example this Blog. This Blog is my Passive Income stream. I have to work hard at once only to develop this passive income stream. Suppose today if I stop working for this blog than also the content that I have already published on this blog will still make money for me. The only thing is that, it will stop growing more.

The advantage of developing this kind of income is that, I can anytime add 60 more hours a week in my life to travel the world or enjoy my life. Without having a Passive Income, you can never ever add  60 more hours a week in your life. An Employee or a Self-Employee can never add 60 more hours in his life because he/she has to be present all the time at the work place to earn money.

There are several kinds of passive income streams in this world. Here are the few examples.

- Interest
- Dividends
- Rental Income
- Online Income
- Network Marketing
- Business Income
- Royalties (Books, Music & Videos)

You have to find out that which Income stream suits you the best. After going through all of the above Income streams, I find Online Income very suitable for my life style and financial goals and that’s why I have started this Blog. You can find your own best passive income stream and focus your time, energy & efforts to develop that income stream.