Is Passive Income Really Passive?

I love the creation process of writing and creating unique products. My quest for passive income reminds me of a story I frequently tell about my first Ebook, Control Freak a Recipe for Debt Freedom. At this point it is worth mentioning that Passive Income requires input of some kind, it is not some mystical easy to gain income that just happens to be connected to the right business opportunity.

I still receive passive income from my first Ebook, written over 2 years ago, and recently updated for 2008 to include two bonus chapters. When asked about how the Ebook came about, I often say, “Well it was three or four years of total dedication to the cause, then a year or two of adjustment, then one moment on January 1st 2005 making the decision to WRITE a book to help other people, followed by three months of adding an hour or two to my working day to write it, one year spent wondering what to do next then a whirlwind year of discovery by the media after a very successful Press Release.” So apart from all that, I receive Passive Income from sales of that book for doing absolutely nothing!

If you sense a touch of irony about the real issue about Passive Income being Passive then you would be correct. To gain and receive Passive Income of any description requires sustained and persistent effort, do not be fooled by quick routes to easy Passive Income, there is no such thing in reality.

Whether you seek Passive Income or a Residual Income make sure you have an understanding of the work ethic and mindset required in order to able to achieve it. Luckily these are learnable skills for those who choose to further themselves as a person and to achieve greater success in life.