By: Phillippe Jackson
May 12, 2018
After spending a lot of man hours researching assets, one thing has become apparent in order to achieve my goal of financial freedom. It takes a lot of capitol to build an asset up big enough to provide a substantial monthly return. This revelation is a bit deterring, none the less my determination is a lot more durable than I even realize.
So to raise my capitol I decided to research passive income. Passive income is income the takes hard work in it’s initial start up phase but after the work is done then it provides an income with little effort. Searching this topic has produced an incredible amount of valuable information. There is a treasure trove of free information and strategies on the internet backed by real people from diverse backgrounds. All of these passive income gurus all mention assets but it is not there focal point.
There are three strategies for passive income that I am going to look into personally to try and boost my investing power.
First one is affiliate programs. This is basically marketing products for other companies. Amazon is a big one when it comes to affiliate marketing.
Second is e-commerce. It is apparent that there is a lot of money to be made here. Simply put, it is an online store that you own and operate. If you’re like me and you own some form of a website whether it be blog or personal page, then this might interest you.
Finally the last one that interested me was E-books. Kindle has taken publishing e-books to another level. If you have an old story that you wrote sitting in your hard drive than this might be for you. I plan on using this strategy of passive income when I start seeing results from the other strategies.
In conclusion, since I do not have an investment budget that I am happy with I have decided to create passive income for myself in order to grow my investment power. The more I learn about the path to financial freedom the more I am doing and taken action. It is a great feeling!
My Mission: Financial Freedom
