Comments on: Six Ingredients for Generating Passive Income http://moneysmartlife.com/six-ingredients-for-generating-passive-income/ Money Tips for a Better Life Fri, 25 May 2012 08:24:26 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Friday Finance Findings For October 5th http://moneysmartlife.com/six-ingredients-for-generating-passive-income/comment-page-1/#comment-189030 Friday Finance Findings For October 5th Mon, 20 Dec 2010 17:20:39 +0000 http://moneysmartlife.com/six-ingredients-for-generating-passive-income/#comment-189030 [...] on your hands. Nickel has some great tips to help you hopefully find it before someone else does.Six Ingredients for Generating Passive Income – I’m all about generating passive income, and Ben has a great and detailed post [...] [...] on your hands. Nickel has some great tips to help you hopefully find it before someone else does.Six Ingredients for Generating Passive Income – I’m all about generating passive income, and Ben has a great and detailed post [...]

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]]> By: Ben http://moneysmartlife.com/six-ingredients-for-generating-passive-income/comment-page-1/#comment-20064 Ben Sun, 30 Sep 2007 19:19:52 +0000 http://moneysmartlife.com/six-ingredients-for-generating-passive-income/#comment-20064 Meg, you're right there is something to be said about not re-inventing the wheel. That's why one options is to find "a great way to package and distribute an existing idea that hasn’t reached its potential". Leveraging a proven business model is great but it also means more competition. I agree rental property, dividends, and interest do require less work and ingenuity, however, it seems to me the amount you can earn from these methods is largely based on the amount of capital you have to start out with. I was driving more towards the scenario where you don't have much money to start with and you can leverage your creativity and observation skills to turn a little startup money into a large return. Meg, you’re right there is something to be said about not re-inventing the wheel. That’s why one options is to find “a great way to package and distribute an existing idea that hasn’t reached its potential”. Leveraging a proven business model is great but it also means more competition.

I agree rental property, dividends, and interest do require less work and ingenuity, however, it seems to me the amount you can earn from these methods is largely based on the amount of capital you have to start out with. I was driving more towards the scenario where you don’t have much money to start with and you can leverage your creativity and observation skills to turn a little startup money into a large return.

]]> By: Meg http://moneysmartlife.com/six-ingredients-for-generating-passive-income/comment-page-1/#comment-20059 Meg Sun, 30 Sep 2007 17:56:06 +0000 http://moneysmartlife.com/six-ingredients-for-generating-passive-income/#comment-20059 I agree that you need an idea, courage, time, a system, and relationships to create passive income streams. But I would argue that you don't need a new or unique idea in order to do so. In fact, you don't even need that in order to start a business--which seems to be the primary passive income source you are discussing. Many successful companies don't improve upon any idea; they simply replicate (or attempt to replicate) a proven business model. Besides, there are many types of passive income which require much less work and ingenuity (arguably) than starting and maintaining a business: rental real estate, dividends, interest, royalties... I agree that you need an idea, courage, time, a system, and relationships to create passive income streams. But I would argue that you don’t need a new or unique idea in order to do so. In fact, you don’t even need that in order to start a business–which seems to be the primary passive income source you are discussing. Many successful companies don’t improve upon any idea; they simply replicate (or attempt to replicate) a proven business model.

Besides, there are many types of passive income which require much less work and ingenuity (arguably) than starting and maintaining a business: rental real estate, dividends, interest, royalties…

]]> By: Free Money Finance http://moneysmartlife.com/six-ingredients-for-generating-passive-income/comment-page-1/#comment-19980 Free Money Finance Fri, 28 Sep 2007 10:19:27 +0000 http://moneysmartlife.com/six-ingredients-for-generating-passive-income/#comment-19980 <strong>Star Money Articles for the Week of September 24...</strong> Here are some recent interesting posts from the MoneyBlogNetwork and beyond: Consumerism Commentary says Best Buy wants to train us hi-def novices. AllFinancialMatters previews 2008 tax brackets. MightyBargainHunter gives his thoughts on Maxed Out. Fiv... Star Money Articles for the Week of September 24…

Here are some recent interesting posts from the MoneyBlogNetwork and beyond: Consumerism Commentary says Best Buy wants to train us hi-def novices. AllFinancialMatters previews 2008 tax brackets. MightyBargainHunter gives his thoughts on Maxed Out. Fiv…

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