Archive for May 2012

How to Earn Passive Income From Intellectual Property

In the next several posts in our passive income series, we’ll explore a number of strategies for earning passive income. Let’s begin with one of my personal favorites… Intellectual Property Intellectual property refers to mental creations that are associated with legally recognized rights, such as material that can be copyrighted, trademarked, or patented. This includes…

Passive Income Systems

To generate passive income, you need a way to maintain your income without having to do so much grunt work to keep it going. If you have to keep working each day to avoid seeing your income drop, then you’re earning active income, not passive income. Passive income continues to flow even when you aren’t…

Is It Fair to Earn Passive Income?

Some people have asked whether it would be sustainable if everyone tried to earn passive income, so let’s get that out of the way before we continue with this passive income series. I think the supposition here is that certain jobs don’t adapt well to passive income strategies, and therefore certain work is best suited…

You Earn Passive Income by Being More Generous

Now that we’ve covered setting your passive income goal and a bit about the mindset of passive income — I hope you enjoyed the humor in the last post — let’s explore the details of how to actually create passive income streams. We’ll start out fairly high-level here and then drill down into the specifics…

Jobs vs. Passive Income

Many people have the limiting belief that passive income is weird, unusual, complicated, or confusing. As I’ve mentioned previously, passive income isn’t particularly difficult in practice. In many ways, earning a living through streams of passive income is easier than earning a living through a job or as an independent contractor, especially in the long…

Commit to Your Passive Income Goal

Now that you’ve set a specific passive income goal (as per the Set Your Passive Income Goal post), it’s time to strengthen your connection to this goal. The idea here is to begin believing in your goal so that it becomes more real and solid, not just some airy fairy fantasy. Put Your Goal in…