How to Create Passive Streams of Income By Angeline Ng Mei Lin

Every one of us has the same amount of time. So how do we work less for more so that our excess time can be centered around our family. The rat race and the rising cost of living has made us doubt ourselves on what we could have done better with our lives. We could do this by separating our time from work by applying the money making principle - passive income.

Passive income is a form of revenue that is generated over time from minimal work. Of course you need to spend some time and money to start the ball rolling. Imagine if there is only one tap that supply drinkable water to your home, what happens if the pipe breaks down? You need to find an alternative source to prevent yourself from dying from thirst. Similar scenario but if you have multiple taps that supply water, if one of the tap breaks down, you do not need to worry because there are always alternatives. This is important because we will never know when we a are being retrenched, fall ill or face a disaster.

Financial freedom not just a dream but an achievable goal that one should strife for. Passive income is an auto generated machine that allow you to earn your income even though you are going for a holiday, doing your regular work or sleeping.

Ways to build passive income:

* Venture into the new world of cyberspace. Cyberspace or the internet have altered the ways we process information and offer vast amount of money making opportunities at a minimal start up capital. Do your research and decide the most suitable path for yourself.
* Earn money via royalties while you are sleeping. Royalties can be generated from writing a book or writing a song. Royalties can be collected from franchising a successful and profitable business.
* If you are not a sales person leverage on others and offer an associate program and tapping on the sales generated by them. Create network marketing with an intention of creating passive income and also to help others.
* Rental property that generate positive cash flow are consider as passive income.
* Invest in dividend stocks and receive annual dividend. You can also profit from the price appreciation of the stocks

Passive income is not generally without having to work for it. Do your research before taking the plunge because there are a lot money making schemes that shouts easy and easy sells! For further information, visit us at: How To Generate Money

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Angeline Ng Mei Lin - EzineArticles Expert Author

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Become a World Class Debtor Guaranteed! By Angeline Ng Mei Lin

In our world, there is a group of people who never cease to amaze me. We should emulate them if we want a guaranteed path to become a world class debtor. Their ability to amassed enormous debts in their life is simply amazing. Followings are the traits required to qualify as glorified world class debtor.

- Their philosophy in life is to resist any money making methods at all cost. Money is evil! Having money will invite more troubles to their lives. The fear of having money is ingrained in them through a systematic programming.

- The classic channel which is one of my favorite is there is always some poor souls for them to blame for all their troubles. It first started with their parents, siblings and even their spouse. They are the most available and convenient channel as there will be minimal resistance. They are so good at it that their victims actually believed that they are responsible for all their failures.

- If the blame games fails, there is always a reason for all the failed financial decision made. The never ending of justification is sure way to increase their debts. There is always a reason to justify for any purchases. All expenditures are then construed as major investment .

- There is a always time to clear the debts owed and minimum payment to ensure the continuance of the credit line. Why bother clearing all the outstanding debts when they can afford the interest incurred. If all the resources are fully utilize, the financial institution are their best friends that they can count on for a higher credit line.

- The lack of drive in improving their financial standing in society will put any energy saving program to shame. They are always on the saving mode therefore their performance are at the optimal!

- The ego in them is overwhelming. They are the expert in accumulation category and they reject any attempt to digress.

Financial freedom is an alien word to these classified group. Their main objective is to live life to the fullest however they fail to understand in the event of their death, the authority will pursue their estate to settle their debts.

For more information, visit us at: How To Generate Money. Article Source: http://EzineArticles.com/?expert=Angeline_Ng_Mei_Lin

Wealth Creation Begins With Mindset By Angeline Ng Mei Lin

Have you ever wonder why some people use to have it all? Most us will just shrug it off, thinking it's just a stroke of luck coupled with a touch of envy.

Majority of the population are being conditioned by the notion that if we succeed in college our future will be promised with job securities hence a secured future. The question that hits us all when we reach our mid life is, why are we still in the bottomless pit? The never ending funnels that sucked us into black hole of debts. We start questioning our purpose in life and the whole process starts all over again.

That brings me to the observation I have made. The rich or the elite society, why they deserved to be abundant. The most important characteristic from this privileged group is their believe that they deserved to be happy and rich. Happiness are our birthrights and money is attracted to happiness. That leads us to The Law Of Attraction.

All of us are an ultimate magnet within and if utilise correctly, we can attract wealth in forms of knowledge, monetary matter and mental health. Unless we take responsibility for our action for the state we are in now, we will continue to fall into this pit hole. Justification and blaming the whole world is a guarantee for our journey to our doom.

By embracing change of mindset, it is not going to change our life immediately, we need to take action for our new objective. Facing it grudgingly with a burning desire, drive and act with commitment to upgrade our state of mental happiness and financial position.

Then we can begin to ponder our purpose in life to achieve financial freedom so we can serve our loved ones and community in general. For further information. Visit us at : How To Generate Money


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