~What is Passive Income? Where to go to Build Assets for Cashflow and Passive Income to Take Control of Your Financial Future~

Do you want to be able to have the luxury of taking time to relax, travel and spend time with your family whenever you want without having to worry about what will happen to your business?  This is the biggest part of what I think of when I hear "financial freedom" and one of the best ways to achieve that is with Passive Income.
The concept of Passive income may be one of the best-kept secrets out there, usually only enjoyed by enterprising entrepreneurs, business owners and investors.  But by making some smart, pro-active decisions you can enjoy it too!

How to Achieve Stable Cashflow

  
What is Passive Income and Cashflow?

Passive income is really just cash-flow earned from business investments in which the individual is not needed to be actively involved. If you want to attain true financial freedom with an emphasis on Freedom and earn more while working less, then creating multiple sources of passive income streams is what you will need to do.  But with so many choices available for achieving passive income, it can sometimes be confusing for people to decide which options make the most sense for them.  

Here are the Top 5 Most Popular Ways of Creating Passive Income, Cashflow and Financial Freedom for your life:


1.  Network Marketing (MLM):  Network Marketing (or Multi-Level Marketing) is probably one of the most popular ways to earn passive income.  It is an industry that offers a variety of products and/or services for customers to pay on an ongoing basis which can in turn sometimes create a passive income.  The downside to network marketing, however, is that in order to create a passive income great enough to live off of, it usually takes years of hard work.  While the products and services can be great, the lifestyle you seek may never be attainable through this industry all on its own.

2.  Rental Real Estate:  Purchasing real estate to rent out is also a great method of creating passive streams of income. The monthly rental income created off one or more properties can add additional income to the household, and in some cases, can replace the current primary sources of income. In the past, this has been a great way to go, although with the current state of the economy and general lack of confidence in this arena is starting to decrease in popularity and strength. (Here are some tips for Real Estate Online Marketing!)

3.  Residual Income:  Residual income is income that continues to come in over time from work that was done once.  Residual income can be created from a variety of ways.  For example a business owner who hires a manager may be able to receive income from the establishment without being there on a daily basis, network marketing or direct sales rep's may receive passive income from their direct customers when they reorder product every month, or a marketing consultant who creates an e-book may earn a passive income by selling it online. (and here is some Free Information on How to Write an eBook that you may find helpful in getting started!

Learn to Leverage Your Income

4.  Leveraged Income:  Leveraged income leverages the work and resources of other people to create an additional income stream for you.  For example, one of the most commonly used methods online is affiliate marketing.  Affiliate marketing companies pay other business owners or individuals a commission percentage for promoting and selling their products or services.  Other possible sources of leveraged income would include using subcontractors to complete work in the construction industry, or a franchise system or network marketing system that leverages off a large down line.

5. Online Marketing:  One of the most recent forms of establishing significant passive income is through marketing on the Internet.  While this method will take some time up front to get started and a bit of continued support on your part, the amount of income that can be generated from this particular business Industry and system is much more rewarding and substantial than any other form of business and most likely, the number one way to recession-proof your income!  If you choose to go this route, whether to build passive income or learn to promote an existing business more effectively, my recommendation is that you get trained professionally to do it right with an Internet Marketing Mentoring and Coaching Center that has the tools and resources you need to be as effective as possible!


**BONUS GOLDEN NUGGET!!** 

Building Assets for Cashflow, Passive Income and Financial Freedom:  Another common way for many people to create passive income is through putting their money into a savings account, RRSP, mutual fund or stocks but often these types of investments can yield very small returns on your money (often only growing at a rate of 2% per year, or even less!) making it difficult to earn enough money to live off of or provide for a comfortable retirement.  Another great alternative people are finding is to build assets with companies that educate and help them to earn a greater return on their money (at 25% return or more!) with high-return Industries that include products and assets that are in high demand such as real estate, once again, tourism/hospitality (hotels/resorts) or even valuable goods such as Art!

Envision Unlimited Passive Income!

Next, see more information about a system that can help you to develop assets for cash-flow and passive income to start taking better control of your finances now and build a better outlook for your financial future!  Go to Envision Unlimited to see more about an industry that can help your assets and finances to grow or call 403-343-8825 for more information!