Do you know what kind of income you are working on right now? No matter where you are, what you do for a living there are ONLY 2 kinds of income you could possibly generate (I simplify this for the sake of our discussion):
- Active Income
- Passive Income
Active Income is income from your job, career or devotion. You trade time and effort and in return you get paid. The thing about this income is it is limited to (obviously) the TIME you have -- in a day or a lifetime for that matter; and the EFFORT you can exert.
The BIG question is, "How long can you last doing what you do for a living?"
If your answer is, "Not THAT long!" then you know you have to look for alternative soon. Giving the current economic situation, soon could be sooner OR maybe just around the corner (recession is like a vicious vortex that sucks everything in -- including honest working man and women like you and me [cough]).
Passive Income is not exactly the opposite of 'active income' but looks like it. You put effort in making it work initially and by inertia, it keeps pumping cashflow into your networth without you realizing it. It feels like an old pal who suddenly bump into you in a busy shopping mall on Christmas Eve (imagine how that must make you feel).
The summary of this income seems to be: Work once and get paid over and over.
There's no labor-intensive work after the initial hardwork; just some upkeep.
And guess what? Google Adsense has the potential to be a stream of your passive income (a.k.a residual income). Why? It is so because initially you have to put extra effort to do research, build webpages, get backlink, get targeted traffic, and the whole nine yards but after a while they acquire life of their own.
All you need to do then is some simple upkeep.
But do you know that Adsense is not the ONLY method to generate passive income? What else is there? Read the no cost residual income secrets report for the answer.
