Passive income is an income received on a regular basis, with little effort required to maintain it. That, in a nutshell is what passive income is all about. It usually requires a lot of work to set it up initially but once it is set up, not much work or time is needed to keep that income coming in.

Traditional Passive Income

Traditionally, passive income earnings come from developing real estate and this takes several forms. You can build a house and rent it out or build a block of apartments and rent them out. Initially, the building is very labour and money intensive. However, once that block of apartments or commercial property is up and you have your clients move in, you will not do much to maintain it. That asset will earn you money for years to come, all factors being constant.

You can also trade stocks and bonds on the financial market. It works in a similar way to owning real estate. All factors being constant, it also brings in a regular income.Now there are new ways to earn passive income which are turning teenagers into millionaires in record time.

The New Real Estate

The internet has leveled the playing field for just about everyone who can get internet access. Websites have fast become the new real estate that is making a lot of people a lot of money. It is not uncommon to read or hear of young people making thousands of dollars per month from a couple of websites. This is because we are fast becoming a world connected by the internet. Just think about it, the internet is open for twenty four hours every day so if I put up a website and promote it well, then it practically means I have a shop that is online all the time.

Online passive income systems

With this accessibility of connectivity through the internet, the smart people are investing in passive income systems that are internet based. Systems that take a lot of work to set up, and this can mean anything from a few hours to four weeks in internet terms, but they can earn you significant amounts for years to come. All from the comfort of your home if you wish.

The Need For Guidance

Just about any other business can have an internet presence and, depending on your preferred business model, you can set up a passive income system online. With excellent guidance, you will be able to do so in record time. Then, if you think like I do, you can use that money to set up the traditional passive income earners like investing in real estate. But the new way of the future is to set up passive internet income systems. You will be doing yourself a big favor.