How to Generate a Passive Income Online

If you want to be rich then you need to start generating some passive income. Passive income is income that you don't have to work for. If you want to be rich then you need to generate a passive income that is greater than your expenses and today I want to show you how you can do that.

First things first. Many people define being 'rich' differently. Some people want one million dollars in the bank, some people want to live in a mansion, some people want to travel the world. But whatever your definition is of the word 'rich' one thing is for sure...In order to become rich you need to generate passive income.

Passive income will fund your lifestyle. It will help you afford the nice things you want, it will help you pay for the mansion and the food and the entertainment that you want. Most importantly, it will fund your lifestyle so you don't have to work for your money, but rather you can have money work for you.

So how do you generate a passive income? Well there are three ways to do it:

Real Estate
You can generate an income that is passive by investing in positive cash flow real estate. That is, real estate that makes more money in rental income than it pays in expenses. For example, you might be receiving $1,000 per month rental income and all your expenses including mortgage is $800 per month. You are then making $200 per month in passive income.

The problem with property is that you need to have a lot of money to get started. You also need to assume a lot of debt in order to buy a property. This makes it difficult for the average person who does not have a huge amount of money saved to invest, and who would find it difficult to get the large loan required for property.

Stock Market
The stock market is another way you can generate an income that you don't have to work for. Stocks can generate an income through dividends that are paid out to shareholders. With stocks you need even more starting money that property to start generating a passive income.

Most people invest in stocks for their retirement. This is probably because it is the easiest way to invest. But that doesn't mean it is the best way to invest. Sometimes the returns on stocks are so poor you need millions before you can generate enough passive income to retire. The stock market is also volatile and you can lose a lot of money very quickly in a stock market crash.

Business
The third way to generate a passive income is through business. There are many business owners who OWN business, but who don't work in their businesses. One of the richest men in Australia, Rupert Murdoch, owns hundreds of businesses, but hardly works in most of them. They just generate him an income and make him very rich.

The setback with business is that it can be expensive to start, unless you start it online. Did you know that a McDonald's franchise in Australia costs over $1 million to start? I don't know about you, but most people don't have a lazy $1 million to invest in a business.

That is why online businesses are so good. You can start them for pennies. They can create an incredible passive income for you and there is very little risk in starting them. If the business doesn't work out you might lose a couple of bucks, not a thousands of dollars. So why not look at starting a business online today and start generating a passive income immediately.

It took me years to work out how to generate a passive income online. But I finally cracked the code and I want to share my secrets with you. I have created a 14 day course that will teach you how to generate a passive income online. I usually charge $197 for this course, but you can have it completely free of charge.

All you need to do to access this $197 course for free is go to http://richacademy.com/aweber and enter your first name and email address to sign up for the course. This has the potential to dramatically change your financial situation and make you financially free. So hurry and sign up today because this offer is limited.

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