We were talking last night, my partner and I, considering what we want to do in 2010 when his current contract comes to an end and the obvious question came up – do I make enough passive income online for him not to work anymore. The short answer is not quite – but we are getting close. What’s more I am definitely now of the opinion that it would be a huge financial risk for me to go and get a job now compared to my making money online – and here’s why. Passive Income in the Real World Every month no less than eight groups of people pay me – they are tenants in various properties we own in New Zealand. I hire a property manager so I count that income as passive – every month money goes into our account at home. There is a catch though – every month money goes out of that account too – usually just a little more than went in – all going well it will balance – but if you have a month where you need to replace not one but two hot water cylinders – it does not! We didn’t [...] Read more »
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