Sunday, September 11, 2011

How do I develop more passive income?

Developing passive income takes time and can be somewhat methodical unless you strike gold on your first try. Basically I would try to create a good stream of income from 1 project say a website and once I got that website to its goal of say $500 a month I would keep reinvesting some of the money into the website to keep it going strong and take the other money into my next project say a rental house or a small business that will yet earn me even more money. So now I stil have the $500 a month coming in which could possible grow over time and then your other project starts to earn its goal of $500 a month so now we have doubled our money and will keep doing this until we are at our overall goal which you should set from day 1 so you have something to work toward. This all sounds easy in theory, but it does take time to build these properties or websites up to there full potential.

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