How I created myself a passive income stream
Published by Richard Shepherd at Smashwords
Copyright Richard Shepherd 2011 All rights reserved
Chapter 1. Introduction
Passive income is basically income you receive without actually working on a day to day basis for it. A good example is interest paid on savings that you may have. So long as your savings are deposited at the bank you will receive a rate of interest which will give you a sum of money each year dependant on your balance.
Regardless of what you do or where you are in the world this money will always be paid to you. This is the advantage of passive income. Once it is set up the money comes rolling in regardless of your personal circumstances.
It may not be a great deal, but every little helps. Once you start thinking about retirement then every bit of extra income is a blessing.
Interest on money is one simple instance of passive income but there are many others.