1. Home
  2. Business & Finance
  3. Entrepreneurs
Mitchell York
Mitchell's Entrepreneurs Blog

By Mitchell York, About.com Guide to Entrepreneurs

Passive Income: How to Earn More and Work Less

Saturday January 8, 2005
I make a comfortable living, but like so many entrepreneurs, I also work 80+ hours a week. I also don't plan for it to stay that way for very long. The key to earning more and working less is to create passive income -- revenue streams that do not require your direct personal involvement in order to keep coming in.

This may take the form of rental property, royalties from creative or information products, or a variety of other models. No matter what your business, there is almost certainly some form of passive income that you can add to your business. The sooner you do, the sooner you'll start earning more and working less.

Related: Juggling Multiple Streams of Income

Comments

No comments yet.

Leave a Comment

Line and paragraph breaks are automatic. Some HTML allowed: <a href="" title="">, <b>, <i>, <strike>

Explore Entrepreneurs
About.com Special Features

10 Things You Can Do Today to Improve Your Credit

Easy steps to take control of your credit card debt. More >

Year End Tax Planning

Discover financial planning opportunities with these three tips. More >

  1. Home
  2. Business & Finance
  3. Entrepreneurs

©2010 About.com, a part of The New York Times Company.

All rights reserved.