Passive income by definition may be income regularly received, with a little effort to maintain it. Tax authorities define it as a trade or business activity where there is no direct involvement by the owner.

When one lives on his/her passive income, it can be said that you truly live your life free from financial worries. The lifestyle of passive income earners varies from living simply to that of extravagant bearing.

How lucky for one who earns and lives on passive income earnings. You get to go places, try new and exotic things. One thing I would like to experience is the safari adventure which my friend Rick (lives on a passive income, trading currencies online) did a few weeks back.

I could not wait to get my paws on any material that relates to wealth, personal finance, real estate, entrepreneurship and passive income when Rick narrated to me his safari adventure.

When he landed on Johannesburg, South Africa, he was greeted warmly by the tourist guide. His safari adventure was in Linyanti Delta, a 275,000 acre private reserve in Chobe’s Western boundary. He was looking forward to seeing the Linyanti River, Savuti River as well as the woodlands of the interior.

Rick’s northern safari circuit experience started with alighting a 4×4 safari vehicle, cruising through the wilderness, the fresh air that smells mixtures of mildew, mist and the overpowering essence of the fields, truly a natural and wonderful experience to see the vast lands.

He told me about how nervous he was when he saw the fierce eyes of the hyena peaking through the tall grasses and slowly making his way towards their direction and jumping over an antelope hidden from Rick’s view. That is the way of life in the wilderness, the food cycle in its raw form.

He had many great stories to tell that I asked him how I could live the kind of life he has. He suggested a few things to me:

BULK-CANDY VENDING BUSINESS

This is an extremely low maintenance and has a good Return on Investment (ROI). A good location, a vending machine and candies to fill it up would get the ball rolling. You don’t need to hire employees and no need to pay for electric bills, etc.

Start small and hit it big through persistence and timing. Remember, you don’t have to man the machine, so you can do other things while you earn passive income.

A PROPERTY WITHOUT DOWNPAYMENT OR MINIMAL PARTIAL INVESTMENT

Cash flow means passive income. That’s what one must have in mind.

Banks and real estate brokers have ways and means developed to cater to everyone’s needs, so you just contact a good resource person to help you through with the process.

The essence is to buy a house or assume payment for amortizations and lease it out, make sure you always have more profit rather that expenses to qualify it as passive income.

NETWORK MARKETING

The good thing about network marketing is that it allows individuals to team up with a company to start their own business.

Big companies have borrowed network marketing concepts to cut off their advertising budget through word of mouth advertising because the idea is to eliminate costs of marketing, advertising, sales and distribution.

A good network business offers a variety of great products that are included in your shopping list.

The big money that is the prize of passive income is through the referrals. Your minimal efforts are compensated when you refer the business to a person, you earn even if it is already a secondary referral and beyond.

MY JOURNEY TO PASSIVE INCOME POTENTIALS

Now, if you want to join me in my journey to living the good life, then start investing on the right and suitable passive income earning business for you.

Happy hunting everyone!

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