Walker - Passive Income: The Smart Passive Income Guide: How to Successfully Create Passive Income Streams With A Growth Mindset

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The Smart Passive Income Guide

Copyright 2015 by Bruce Walker

All Rights Reserved

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Table of Contents

Introduction

Earning a passive income is something that a lot of people dream of. We all have heard myths about how we can easily make a lot of money without having to do a lot of work. We will jump all in to products or programs people advertise online and hope that everything is just going to work out for the best. With this kind of mentality, we will end up failing pretty quickly. It is not the fact that making passive income is impossible; it is more the fact that most people who are drawn to this idea are not prepared for the time, investment and work that they need to put in.

This guide is a wakeup call to those who are looking to make a passive income. It is not necessarily meant to scare you away from attempting to earn one, but rather it is intended to tell you the truth and to let you know what it actually takes to achieve success. Many people think of passive income as an easy stream of money that they will not have to do much to get. While you can make some good money in the process, it is a lot of work and will continue to be a lot of work. This guidebook discusses this in some detail and is meant to educate you before you decide to take the plunge on this exciting income source.

This guidebook will inform you about the mindset of those who are able to work successfully with passive incomes. There are a lot of people who are able to make a passive income work and they never have to go back to a 9 to 5 job again. On the other hand, there are those who are just trying to make a quick buck and who do not want to put in the work. They are the ones who are the most likely to fail. To prepare you for success, this guidebook explains what a passive income is, who can make a passive income, and some of the traits of those who are successful in making a passive income.

There are many common thoughts and misconceptions surrounding the notion of passive incomes. Most people think that having a passive income means that they have an easy job. They believe that they will make a ton of money without having to do much work. These thoughts are wrong and those who believe that are often the first to fail. For this reason, this book is intended to give you a realistic picture of what working for a passive income is like.

Earning a passive income is hard work and will require a lot of effort and time from the individual. To be successful, you have to be ahead of the curve and able to think outside the box in order to achieve the great benefits that you are anticipating. However, a passive income is not always just about hard work; there are a lot of benefits that you will be able to get if you are just willing to put in the effort. As well as being realistic about the challenges of earning a passive income, this guidebook also describes some of the benefits of this mode of money-making, such as being your own boss, having the potential to make a lot of money, more time with family, and more flexibility in hours.

Simultaneous to all of these delightful perks, there are some pitfalls of making a passive income. By explaining some of the pitfalls that you may experience with a passive income, such as losing money, losing the steady paycheck that you were used to in the beginning, and not having health insurance and other benefits, this book aims to make you prepared for these potential problems. You need to be informed about why a passive income can be dangerous and why you cannot take the term too literally, or you will lose out on all of your business.

Building a passive income business is a difficult process, and this book will help guide you through this in a practical and helpful way. If you have decided that you are up for the challenge and are still excited about this opportunity, then this book has the tools to kick off your new venture. You will need to do some research, such as knowing market demands and choosing the business that you would like to work with. You need to do this with the capability of sticking with it for the long term. This book will introduce you to some of the popular passive income markets where you will be able to make some good money, such as Kindle publishing, YouTube videos, and even blogging.

In order to give you some ideas about where to start, this book also includes the top 5 passive income options that are currently out there. These are options that have a lot of potential to help you to take control of your life. Some options that are discussed in this chapter include: peer to peer lending, selling an informational product, and dividend investing. Being informed about these popular choices will give you a real basis in making your own decisions about your passive income business.

A passive income source is a great way for you to make some good money, but it is not as easy as you may have been told. Many companies will try to take your money and promise you the moon, but you have to be able to put in the time and the effort in order to make it big. This guidebook is not meant to scare you away from the idea of making a passive income. Rather, it is intended to help you to have all of the information you need, and to be prepared so you actually stand a chance in order to make a great income with this source. Use the information in this guidebook in order to make the right decisions and get started on the right path to passive income today.

Chapter : Do what Successful people do

Making a passive income is something that many people dream about. They have heard stories about how passive income earners are able to just sit back and make money with very little work. And this is where a lot of people end up getting stuck; they believe these stories and are not prepared for all of the actual work they need to put in to make the money they want. This first chapter is going to spend some time exploring the idea of passive income, explaining who can make a passive income, and identifying some of the traits that you will find in those who are successful in making a passive income.

What is Passive Income?

To start this guidebook, we need to look at what exactly a passive income is in order to understand what is being discussed. A passive income is one that is received on a pretty regular basis, but one that is not going to require as much effort in order to maintain it. This does not mean that no work is going to be involved and, especially in the beginning, you will be putting in more work than many people do for their regular incomes; you will also be taking a big risk. And even when the income is secured, you will still need to put in the work. Many people think that passive incomes just involve a few hours of work and that is it for them to start making their millions. This is where they are going to fail and run into issues because they are not prepared for all of the hard work. At the same time, a passive income is different from a regular income in the sense that the money is not earned through your constant, active participation in a particular form of labor or service.