Why Create Passive Income?

Image by mohdzakri.com via Flickr

The idea of creating income streams that continue to pay is actually at odds with the mindsets of many people. I have heard the comments of; “If you have that much time on your hands, you could be working some overtime.” Or “Why don’t you get a real job?” (by the way, I do have a “real” job as a debt collector).

I think that much of this attitude comes from the idea of getting something for nothing. It is obvious that if you have tried to get something from creating passive income streams, you realize that you will work many hundreds of hours with very little reward before you start seeing the returns on your investment of time. It may be just as obvious that there are many money-making “scams” and unrewarding wastes of time out there. I think that is the true purpose of this blog; to sift through the river sand and find a small nugget of gold or two.

An ongoing passive income gives the freedom of working when you want and where you want. I also know that by diversifying your income into “streams”, you can beat the “lay-off” reaper. If a website closes or an online experiment you tried goes bust, you still have these other income streams available to pay your bills.

It all makes sense on paper; let’s see how it works in the real world.