Passive income is the Holy Grail of all the ways to make money. Just the concept alone brings to mind the image of sipping margaritas on an exotic beach, while cash swiftly accumulates in your bank account. It seems like everyone wants a piece of the passive income pie. Just turn on a television late at night and I guarantee you’ll find at least one “foolproof” system for making easy money.
The question is can you earn a passive income? I believe you can. That’s because for the 18 months I’ve been living off the revenue streams I created over two years ago. The problem is a lot of folks have a misguided notion about passive income. They think it doesn’t involve effort. The truth is it is possible to build a passive income stream but you have to be willing to work hard to set it up.