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Old 07-04-2008, 07:15 AM   #7 (permalink)
ZoomZoom71
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Join Date: Sep 2006
Location: Jacksonville, FL
Age: 37
Gamertag: ZoomZoom71
Quote:
Originally Posted by Epyon MX View Post
What do you mean by passive income, Zoom? Like earning from interest or from renting a place out?
Passive income is what you can earn and NOT have to be present for it. Rental income is one way. Becoming a business owner is another (such as buying a restaurant franchise, but having others run the business for you). I suggest reading two books by Robert Kyosaki: Rich Dad, Poor Dad, and Cashflow Quadrant: Rich Dad's Guide to Financial Freedom. They're concept books that may give you a new way to look at earning/managing your money.
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Thanks,

Eric



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