One thing that successful entrepreneurs have in common is that they’ve all found ways to make money while they sleep. They’ve mastered passive income and probably have several streams of it coming in.
If you’re struggling to master one stream of income, even an active one at that, this whole make money while you sleep thing might sound like the most unattainable thing possible. Not going to lie, it can take some work. But, earning passive income is possible, for anyone.
Back up a little… What is passive income?
When people talk about making money while you sleep, they’re talking about passive income. It’s money you are earning while you aren’t actively working for it. You have to set it in motion, but once it’s going, it can continue moving with minimal effort.
For most people, your job, right now, is not earning you passive income. You are trading time for money.
When you only work like that, you end up capping your earning potential because time infinite. There are only so many hours in a day, days in a week, weeks in a month, and so on…
Warren Buffet said it best, “If you don’t find a way to make money while you sleep, you will work until you die.”
That’s a hard truth, but that’s why you’re reading this article right now.
Before we go on, let’s get one thing straight – all passive income requires some initial investment. That investment comes in one of two forms:
- Money
- Effort
You have to put forth one of those things before you see any gains, and don’t trust anyone who is trying to sell you a magic pill. They don’t exist. You have to work to get paid, but with the right work, you can earn money while you sleep.
You’ve got the gist of it. You know it’s time to work smarter, not harder. So here you go…
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Hideou.tv is a free to join rewarding video platform alternative to YouTube, hideout.tv is available in 46+ countries, but you can request it to be available in your area. Hideout.tv reward both its viewers and content contributors. Viewers can redeem hideout.tv points via partner sites and apps. To become a creator, you must apply with a separate account then allow the staff to review your application by verifying your email address. Once you've become qualified, then you can start uploading videos.
Honeygain is unlike some other market research applications, they don’t track your behavior and sell it to marketing companies. What they do is use your internet connection to run various search queries that their clients are interested in.
IPRoyal Pawns is a PC app that helps people make passive income online by sharing their internet connection. The network is used by businesses for market research, intelligence, app testing, content delivery, etc. Here's more info about that.
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It’s been said that most millionaires have seven sources of income. This isn’t all active work either… remember there are only so many hours in a day.
Your first source of passive income is the starting point. Keep finding new things to invest your money and time in. Keep turning that wheel to see your wealth grow.
