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.