Nov 24, 2015

Passive Income Opportunities: Anyone Can Learn


Passive income- It's a dream to many. Who wouldn't desire a steady stream of income requiring no work? But It doesn't just happen. There's lots to be learned. Then, with some initial effort, avenues of incoming wealth can open up. It's not so much hard work that's necessary, but smart work.

Many people work really hard to master a subject or a set of skills, like investing, and still struggle to see the results they were hoping for. Investing is particularly tricky, because investors will often jump from this opportunity to that and hope they've finally hit the right one. The most successful investors, though, have a strategy.

MpactWealth explains it in terms of a three part formula:

3 Keys to Generating Passive Income

Of course, nothing is ever as easy as a simple 3 part formula. But it can be
helpful to begin to understand just what it takes to start investing like the pros.
  • Create a framework of the characteristics you need to be in place to generate the income you want.
The first step is to ask, "What is the result I'm looking for?" What kind of cash flow is necessary with this? What kind of investment or financial leverage (borrowed money) is needed?


You can set up a framework that fits within the frame of how much risk you are willing to take. It needs to be set up so that the amount of income produced is greater than any amount you are borrowing.
  • Then evaluate investment vehicles against your framework
The key here is to measure investment possibilities according to your framework, not according to what sounds good or lucrative.  If it fits into your framework, it can be anything: real estate, stocks, private lending, etc.


Just because a certain investment has worked for others doesn't mean it is going to work for you. Many make the mistake of investing because of so and so or such and such, but instead they should go into it based on the suitability of fitting their created framework.
  • Pick the investment vehicle that matches your framework
MpactWealth has a short video that explains this formula further and offers training associated with it. Click here to view it.

Other Passive Income Ideas


Remember, as we discuss ideas for passive income, unless you're talking about an inheritance, most require a good bit of work to get going. Only after some effort has been put into it will the passive part of it begin.
  • Real Estate. If you can get monthly rent from people who won't trash your property, and it's set up so that more is coming in than you're putting out for the property, it's a great investment.
  • Stocks, bonds, annuities etc. The risk, of course, is in getting bad ones that don't pay off. Instead of gambling, you can learn how to invest wisely with minimal risk.
  • Network Marketing. If there's a product or service you believe in, and if the company is reputable and good, this could bring residual income through those you recruit to also sell. Be careful though, because many companies tend to benefit only those higher up in the network and can be quite competitive. Read this review to learn about a good one.
  • Royalties. You need to create something first though. If you're an author, your book might do it for you. Maybe you're a musician or an artist. Your song or photo could do it.
  • Affiliate Marketing. All it takes is joining up with an affiliate program, and then linking to their product or services on a website that you maintain. That's what we are doing here at the Smart Earner! You could start a website for any niche you're interested in, and it's really simple. The hard part, however, is getting traffic to your website. 
Anyone can learn about passive income opportunities, just by reading a simple page like this. But it's necessary to learn HOW to go about such opportunities. Choose the right instructors. See how they've done and follow them. Learn how to work smart, not just hard. Then at some point, enjoy the fruits of your labor while you go off and do other things!



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