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I wanted to get some advice and opinions on the best practices for generating Passive income. What is the quickest and most effective way to put your income on auto-pilot. Opening a business that sells a product, investments, (stocks, Forex, real estate, etc.). Internet Marketing/E-commerce. Would someone be able to offer some clear-cut ideas on the best ways to generate passive or automated income?
Currently I have 2 ways to generate passive income:
1. My blog. I have a personal finance blog and I stopped updating it 2 months ago but it still generates income for me every month. But I have spent 3 years in this blog before I have this results. 2. I joined a club recently and I can leverage on the 2-level to generate passive income for me. Don't worry it is not MLM. Besides that, in July, it helps me to generate an income that almost replace my monthly salary. So I think this is a potential way for me to generate full time income and passive income by working part time. |