How to get rich?

If you’ve ever wondered how the rich get so obscenely rich, it’s not because it’s in their blood or because they attend the best schools. The reason is much simpler than that. You see, while you work hard for your money, rich people make their money work hard for them; they have the power of Passive Income!.

There are three types of income - earned, portfolio and passive income. Most types of passive income are derived from real estate/property, while other types of passive income are derived from royalties from patents or license agreements.

An income stream falling into passive income category is one where money is received usually on a regular basis, without continuing effort. This does not mean no effort at all; most passive income streams require great effort to start with.

Some Examples:

• Automated web business.
• Interest Income paid from bank deposits.
• Rental income from real estate/property.
• Royalties from writing a book.
• Dividends from shares holding.
• Selling digital files like software / ebooks or scripts or offering a service that doesn't require the merchant's intervention. In these cases, PayPal IPN may be used to achieve this.
• Network marketing.

Have fun choosing your favorite way to financial success!