Comments on: Why You Should Be Developing A Passive Income Stream http://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/ Personal Finance Blog, Your Guide to Financial Fitness Thu, 09 Feb 2012 20:13:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Danielhttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13379 Daniel Sat, 07 Aug 2010 08:49:16 +0000 http://www.moneycrashers.com/?p=7393#comment-13379 Hey Mark, Great! Your blog do have very useful information and seems like we've got some common interest. Anyway, nice to know you and hope we can exchange more pointers on passive income :) Hey Mark,

Great! Your blog do have very useful information and seems like we’ve got some common interest. Anyway, nice to know you and hope we can exchange more pointers on passive income :)

]]> By: Mark Riddixhttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13373 Mark Riddix Fri, 06 Aug 2010 18:20:24 +0000 http://www.moneycrashers.com/?p=7393#comment-13373 Hi Daniel, I generate passive income from my blog that I write. Advertisers pay to advertise on my site. I also generate income from a book that I published. Dividend income is the last component. I buy bonds and dividend paying stocks for the income component. Hi Daniel,

I generate passive income from my blog that I write. Advertisers pay to advertise on my site. I also generate income from a book that I published. Dividend income is the last component. I buy bonds and dividend paying stocks for the income component.

]]> By: Danielhttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13355 Daniel Thu, 05 Aug 2010 11:23:09 +0000 http://www.moneycrashers.com/?p=7393#comment-13355 Hey Mark, Great to come across your blog. Well my passive income comes for some of my websites and products. For example, one of my automated trading product gives me around 5% returns of my investment per month. Although it's not a lot, but it's still a source of passive income. There are seriously many ways to generate passive income, but the first thing to do is to take action to implement :) So what are some of your huge passive income sources coming from? Dan Hey Mark,

Great to come across your blog. Well my passive income comes for some of my websites and products. For example, one of my automated trading product gives me around 5% returns of my investment per month. Although it’s not a lot, but it’s still a source of passive income.

There are seriously many ways to generate passive income, but the first thing to do is to take action to implement :)

So what are some of your huge passive income sources coming from?

Dan

]]> By: Mark Riddixhttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13352 Mark Riddix Thu, 05 Aug 2010 08:11:01 +0000 http://www.moneycrashers.com/?p=7393#comment-13352 True Kris. You may work on your websites day after day and not see the benefits over the short term. As long as you are persistent it will pay off! True Kris. You may work on your websites day after day and not see the benefits over the short term. As long as you are persistent it will pay off!

]]> By: Krishttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13160 Kris Wed, 28 Jul 2010 19:22:01 +0000 http://www.moneycrashers.com/?p=7393#comment-13160 My passive income also comes from a few websites but not yet enough to replace my "day job". In this day and age, it certainly is a good idea to have a plan to survive financially in case of job loss. Many people say "oh that's nice that you make money without working" but as Peter said, it's not money without work. The hard part about self employment is that an hour of work doesn't always equate to $x, but in the long run, it pays off! My passive income also comes from a few websites but not yet enough to replace my “day job”. In this day and age, it certainly is a good idea to have a plan to survive financially in case of job loss. Many people say “oh that’s nice that you make money without working” but as Peter said, it’s not money without work. The hard part about self employment is that an hour of work doesn’t always equate to $x, but in the long run, it pays off!

]]> By: Mark Riddixhttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13158 Mark Riddix Wed, 28 Jul 2010 17:58:43 +0000 http://www.moneycrashers.com/?p=7393#comment-13158 Peter, Congratulations! You are living the dream right there! You are producing multiple income streams and your secondary income has surpassed your day to day income. Peter,

Congratulations! You are living the dream right there! You are producing multiple income streams and your secondary income has surpassed your day to day income.

]]> By: Peterhttp://www.moneycrashers.com/why-you-should-be-developing-a-passive-income-stream/#comment-13152 Peter Wed, 28 Jul 2010 13:29:14 +0000 http://www.moneycrashers.com/?p=7393#comment-13152 Over the past couple of years I've built up my secondary incomes via my blogs to the point where they meet or exceed my day job income. While it's not truly passive income that I'm making in that I have to write blog posts 5-6 days a week, it is a secondary income stream that helps me to diversify my income streams and help to hedge my bets against losing any one stream of income. Gotta love the increased security that comes with having alternative income coming into the house! Over the past couple of years I’ve built up my secondary incomes via my blogs to the point where they meet or exceed my day job income. While it’s not truly passive income that I’m making in that I have to write blog posts 5-6 days a week, it is a secondary income stream that helps me to diversify my income streams and help to hedge my bets against losing any one stream of income. Gotta love the increased security that comes with having alternative income coming into the house!

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