Passive Income

One of the most important takeaways I got from reading Kiyosaki was becoming aware of the fact that there were different types of incomes and that people in different quadrants of the cashflow quadrant earn different types of incomes.The trick then was to earn from as many quadrants as possible and to especially increase my passive sources of income to such an extent that I could live off them only.That would be the day I no longer had to work to keep myself but work because I wanted to.

Here is a list of passive incomes I have stored on my desktop to periodically remind me of the sort of incomes I should be focused on building.

Passive income is an income received on a regular basis, with little effort required to maintain it.

• Earnings from  factories and businesses both online and offline that do not require direct involvement from the owner.
• Lease rents from farms, plantations,forests,water sources.Free range livestock.Wild game.
• Rent/leases from all types of real estate.
• Copyright,patent and trademark licencing.
• Earnings from internet advertisements.
• Trail commissions and earnings from the downstream in MLMs.
• Dividends and interest.
• Annuities and pensions.