Passive income is earnings derived from a rental property, limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS).
How to Create Passive Income: There's No One System
In figuring out how to create passive income, I like to say that we're setting up an FFA: a Financial Freedom Account
It's Not the System, It's You
Now let's get to the longer part of the story here. People lose money and make money in all kinds of investing, whether in a business, stocks, real estate, etc.
Are other people doing well? The only way to know if a system works is if its developers are making money.Does it resonate with you? What do you feel? If you don't want to invest in stocks, don't do it. My investment in stocks themselves is minimal in comparison to my other investments.Why?
Push Yourself to Learn
Regardless of which investment method you choose, the key word here is LEARN.
So LEARN real estate. It's not that hard.
LEARN stock systems. Find ones that people do well with.
LEARN how to systemize your business.
People who should lisRadioten to this show are entrepreneurs,
