Tuesday, April 7, 2009
Yesterday, I said I would talk a little about passive income opportunities today, and here we are. Passive income is sometimes referred to as "smart money," where as by selecting the right opportunity or product will bring long-term profits. Passive income is the income that continues to be generated long after the initial effort or work. You get paid over and over for work done once. Think of your favorite fruit tree. You take the time to select a good one, plant it, and care for it as it begins to grow. However, once you have coaxed it to bear fruit, it will continue to bear fruit season after season with relatively little or no additional work from you besides the occasional pruning.