Passive Income Guide - The Beginner’s Guide On How To Create Multiple Passive Income Stream And Make Money While You Sleep

Chapter 1: Why Passive Income Is The Best Business Model

Earning a truly passive income is the ultimate goal of the vast majority of internet marketers, and you could easily consider it to be an absolutely ideal situation in terms of finances and business.

What exactly is passive income? Simply put, it means you make money without having to work. That doesn't mean you haven't worked hard for it – it just means you've sewed your seeds so you can profit the benefits for a long time.

In other words, you invest time and money into developing a business model capable of 'running itself,' and then you reap the benefits. You may even continue to work on the business model in your spare time in order to scale it further or keep it running, but the point is that you no longer need to actively trade your time for money.

When you have a passive business model, you can literally earn money while you sleep.

Working online gives you a lot more freedom because you can choose how and when you work. However, if you are providing a service to a client, that is not true freedom. At the end of the day, taking time off costs money. And you could still upset your clients and lose your source of income.

However, with passive income, you can truly experience true freedom. There will be no repercussions if you choose to take the entire day off or refrain from working for the next week.

Do you want to spend more time with your children? You certainly can!

Do you want to go for a walk and feel the sun on your face? You betcha!

Do you want to go traveling? Do you enjoy playing computer games? Do you want to work on a personal project that means a lot to you? Stay in bed?

I believe you're getting the picture...

Using Passive Income To Become Truly Rich

However, for many people, passive income extends beyond this. For many people, passive income does not imply working less, but rather increasing their income.

A passive income model, more than any other type of business, will allow you to scale. Why? Because once you start earning money that doesn't require your active participation, there's no reason why you can't use your spare time to set up another passive income model.

And then another. And another.

And each time you do this, you multiply your potential earnings by a factor of ten. You can often directly increase the earning potential of a passive income model by simply investing more money into it.

And the more separate passive income businesses you establish, the more resilient your business will be. You can consider your income to be very secure if you have ten separate businesses running at the same time. It would take multiple businesses failing