E-Books →21 Passive Income Ideas + Retire Rich, Retire Comfortable with a Business

----- 21 Passive Income Ideas-------
I've been beating the drum about passive income for the last year now. Every day I write something about financial mindset, retirement planning, investing, cryptocurrencies, real estate, and business. I thought I would gather up some of my small business ideas in one place.
Disclaimer, these are just ideas-it is incumbent on you to make them passive. To make a passive income stream, you will need to plan to remove yourself from the businessBEFOREyou start.
There are three ways to make a business passive; (1) through automation via systems, (2) out-sourcing via virtual assistants, freelancers, contractors, or employees (3) via hiring a manager. Of course, you can use a combination of all these things.
I wouldn't expect any business to be completely passive; however, I would aim for five hours a week. I got this number from the book "The 4-Hour Work Week." Since we are beginners, I'll give us an extra hour a week.
I am in the process of creating an income stream from writing books, blogging, and affiliate marketing. I have 165 books published to Amazon, and my goal is to get to 1000. Once I hit this number, I will decide how I would like to automate this business.
Now, it's your turn to find a passive income stream. Ensure that you enjoy doing what you choose. If you like the online world, do online stuff. If you like content creation, create content. If you want to work with the earth and animals, I have businesses for that.
Creating an Income Stream is one of the toughest things a person can do, but it is entertaining to figure out what the market requests and meet those demands. I am having a blast creating content! I hope you try one of these or start your own. Enjoy and Good Luck!
----- Retire Rich, Retire Comfortable with a Business-------
What does your retirement plan entail? Are you going to work until 65 years old and pray that your 401K has enough money to last you a lifetime of income? Well, to be honest, that is a better plan than having nothing at all. Most are praying that social security will be around long enough to last them through their lifetimes.
Retirement planning does not have to be this difficult. I propose that you start a business to supplement your retirement, investing, and real estate income. Notice how I purposely added the word "supplement?"
Your business does not have to be a job. In fact, it can be primarily passive-that is the thing about your business, you're in control. Inside this book, I will give you a basic understanding of the mindset of an entrepreneur and how to plan your business.
Your goal for your business is to be as passive or automated as possible. You have already worked many years in the workforce; you do not want to create a job for yourself. Set your target monthly income (i.e., $1000/month) and build your business to reach that goal.
Remember, business is just part of your overall retirement plan. You should have retirement income (401K, Roth, pension), investments, rental income, and cryptocurrencies. Together with your business, you will have the diversification to thrive throughout your retirement. By looking at the big picture and fitting your business into your road map, you alleviate a lot of the stress of business ownership.
Welcome to the world of business. Hopefully, I will give you enough education and ideas to pursue your own business ventures. Take it slowly, start while you are employed, and don't create a job for yourself. Build a business and create a job for someone else.