Passive income – to my way of thinking is the best income to have. Why? Because I’m bloody idle that’s why! Oh and because I know its possible to. My partner and I own several rental properties in New Zealand, we bought them several years ago and every month we get paid the income from them. Is it passive income – sure it is – we’ve never met our tenants, we don’t mow lawns, we don’t take calls about broken toilets at 2am – my property manager does.  Property investment can be as active or as passive as you want to make it – but you have to pay someone to do the work for you. Property investment is not risk free either. Our rental properties are exposed to interest rate risks, tenant availability, natural disasters, property manager going bad etc etc. If we’d borrowed the amount the bank was prepared to lend us a few years ago we would be in a nasty position now. Making passive income online, to my way of thinking is a much better thing than making passive income from property investment. Why? The risks are lower much lower. The investment required is much lower. It’s [...] Read more »