Saturday, June 2, 2012

Passive earnings Ideas - The Best Kept underground of the Rich

Soft Money - Passive earnings Ideas - The Best Kept underground of the Rich
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Passive earnings ideas to some, may sound like a foreign phrase and to others, it's like having a "Snuggie" on a cold winter night... You get a warm, soft and fuzzy feeling. Since beginning a firm can sometimes appear to be as risky as walking over a four-lane highway in L. A.'s rush hour traffic... Passive earnings ideas increase the reward factor and is why many make the great decision to look for and start a firm of their own.

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The main reason, for some people's fear, is, according to the Small firm Administration, 80 percent of all small businesses fail within their first 5 years. Also according to the experts it usually takes 6 years in prosperous "traditional" businesses before you will turn a profit. That is after mortgaging your home, working from 8 until faint, eating Ramen Noodles everyday for years and approximately destroying your health.

Conversely though, you can't work a job and accomplish financial freedom; Even if you're lucky sufficient to have a job for the next 25 years. according Robert Kiyosaki those days, for the vast majority, are gone forever. However there are new, innovative, passive earnings ideas for development money the way that the rich do.

Read below as we clarify what passive earnings is and why Jp Getty's quote about leverage was Right on the Money!

What does Passive earnings Mean?

Passive earnings allows you to accomplish a service sell a goods once and receive payments over and over again for that same action. Eg. Investment property that you purchased once and your tenant pays you every month for as long as they live there.

What does leverage mean?

J Paul Getty's celebrated Quote

J Paul Getty (arguably the first recorded billionaire) said "I would rather have one percent of a hundred peoples' effort... than to "just" have 100 percent of my own effort". Bottom-line... You can not outwork 100 people?

Now lets break that down a puny bit. How many hours can you work in a day? Lets say you are an over-achiever, and you work 15 hours a day implementing passive earnings ideas. Also you are serious about your firm and you are committed to doing anything it takes so you rule to working 7 days a week. That would total 105 hours per week. ~Not bad~

Now let's say that you have 100 employees, team members, reps, etc and each person only works 5 hours per day and only 5 days per week implementing passive earnings ideas that pay you over and over again for their efforts. That would total 2500 hours per week. Mouth Watering Huh!

Questions: How long can you work 15 hours per day for 7 days per week? Who would earn the most money; you the one- man or woman band or you with a team of 100. Can you now see why passive earnings ideas coupled with leveraging are worth losing sleep over?

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