Passive Income Opportunities : Which ones are best for you?

Passive income opportunities create passive income... for the purposes of this discussion,
money that you make without actually working for it.

Now wait...
Before you exit this page because what I just said sounds like more of the usual impossible, too-good-to-be-true, “get rich quick “ internet hype...

Think for a minute about a type of passive income that you DO know about... that everyone knows about...
simple interest earned from money in a savings account.

That's a form of passive income (for all intents and purposes, although not exactly the way the IRS uses the term for tax purposes.)
You do no work to make money on that deposit, except for driving to the bank, opening the account, and handing over some of your money for “safekeeping”.
Your interest income after that is a pot of gold that appears and grows while you go about your days keeping house, eating, playing, sleeping, and probably working at a job (for an employer or as a self-employed worker).

OK, so now that you agree that there IS such a thing as passive income, lend me your ear for a short while longer...

There are many other types of passive income:

• Stock Market and Mutual Fund investments: Interest, Dividends, and the increase in value of the initial shares purchased
• Real Estate: rent and increase in property value
• Interest from lending your money to individuals and/or businesses
• Royalties: personal intellectual property... copyrighted books and music, patented inventions
• Vending machine ownership: possibly not true passive income, by IRS standards, but essentially the same, since the money collects for you continuously, even though you rarely need to tend to the machines.
• Affiliate income: from online advertising and selling of other company's products on your website
• Payments from other companies for the privilege of placing an ad on your high-traffic website
• Network Marketing: not from profits on the products that you buy and then sell, which is not passive income, but commissions from the sales made by other network marketers that you bring into the company as distributors

In my opinion, for the right type of person, network marketing is the best of the passive income opportunities available today.
Why?
Because...

• Startup costs are very low. If you haven't already noticed, most of the other options are best for someone who already has a lot of money and wants to make more by using it
• Monthly costs are very low compared to other types of businesses, especially if you choose your network marketing company well, and you personally love and consume the network marketing product anyway
• Overhead is very low compared to other types of businesses
• More millionaires are being made every year in this rapidly growing industry than in any other profession.

For someone ready to work hard in the beginning, who doesn't have a ton of money to start out with, the degree of income from this type of business surpasses most other passive income opportunities, has the best chance of taking you from debt to financial freedom, and is superb for early retirement planning.

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