I was discussing with a friend last night on what could be the ways to earn passive income, meaning that you get paid even when you are no longer working. Here are a few,
- Create something the earn you commission, like a music album, a book, so as long as they sell, you would get paid.
- Invent something and earn a percentage on each product sold.
- Own property
Can you think of more?
Passive Income strategy
The thing is, if you do not have a Passive Income strategy in your life, you are not planning to enjoy your life to the full extend. You may do a lot of trading, ebaying and have a little office etc, but once you stop working, you have no income, so what’s so good about your busy schedule except surviving. If a good life has to be meaningful in addition to surviving, even inheriting a large fortune would not give you immunity from being called a bored. So start thinking about it