Passive Income: Is It True? Does It Really Work?

Passive Income has been used by the rich and famous to develop, multiply and maintain wealth for centuries. Well known American business man Robert Kiyosaki says, there are basically 3 kinds of income:

1) Ordinary earned income: Money earned from a specific job via a salary of some sort. Certainly it is the highest-taxed income, and thereby, the hardest to build wealth with and takes the longest to build.

2) Portfolio income: Primarily received from paper assets like stocks, bonds, and mutual funds.

3) Passive income: For the most part, derived from real estate, royalties, and distributions. It is more appealing to the wealthy, is the lowest-taxed income, has numerous tax benefits, and thereby lends itself to be the easiest income to build wealth with.

So yes, Passive Income is true and it really works to build wealth! The question to be asked, is which form of Passive Income suits you best? If you're "a hands on" kind of person with good credit and substantial cash, most likely you would prefer to get involved in real estate. If you are a writer, an inventor or a performer, then royalties would probably apply to you more. Distributions would apply more to those who are party to an investment trust or mutual funds that pay dividends to their shareholders periodically.

If none of these seem to fit your profile, then there are other Passive Opportunities that have appeared on the scene of late. These are options that are affordable and do not require trust funds or dividends from an old grandfathers treasure chest. It's called Revenue Share and they are mainly accessible online. However not all Revenue Share Programs are equal, and you must know which ones to join. It's best to research the revenue share programs you are interested in and get some guidance.

Convert Salaried Income Into Passive Income:

Rich dad said, "If you want to be rich, work for passive income."

If you do not have a passive income working on your behalf you can start by taking your ordinary income and directing it into a Passive Income Option. Revenue Share is an easier Passive Income system to join because it is affordable to start and rate of returns is very encouraging.

The Revenue Share Programs referred to here are not considered investment programs but marketing/advertisement programs and produce high gains up into the 7 figures, for their most advanced members. The reason Revenue Share programs are marketing rather than investment charged is because they are product oriented and based on total revenue sales from advertisement purchases of their members. rather than investing, members purchase advertising packages to gain exposure to their business opportunities and receive rebate dollars on those purchases for a term or specific period of time. Compounding earnings are implemented through rebate dollars and rolled over repeatedly to create the exponential earning effect as in compounded interest.

Evaluate The Risk and Reward and How To Minimize:

However legal these Revenue Share Programs may be, some are not stable or long term. Just as in some stock investments, they could be risky, without the guidance of one who knows the field. The key is finding the right Revenue Share program to fit your needs and that is where a good Coach that understands Revenue Share, comes in. Just as a good stock broker and financial manager are like gold to a wealthy investor, so is a good coach to a person who chooses to participate in Revenue Share Programs. It means the difference between a 7 figure passive income and a 3 figure income.

So as one can see, the options for Passive Income have considerably expanded past Wall Street. Making 7 figures is no longer limited to the rich and famous which employ brainy bankers and economist to build and maintain their wealth. As predicted years or so ago, wealth opportunities have now reached the electronic stream of the internet and are no less powerful than those on Wall Street. The only difference is that they are available to the average person and does not require a million dollar bank account.

If you have a couple thousand dollars to leverage, you may want to consider Revenue Share for a substantial boost to your income and build a retirement nest egg for your future. It doesn't take 20 to 40 years to realize an income that will give you complete freedom from debt. Just Remember, to get a good Coach that is experienced with Revenue Share, for guidance and the sun will shine on your pastures!