This is how I see it....
The ideal income would be Passive Income. This is what a high percentage of retired Americans use to fuel their retired lives. A 401k or some retirement plan of that nature. A growing number of unlucky Americans that live beyond the age of retirement are forced not to depend on this but instead of Primary Income. Understand that I am lumping Portfolio Income under this umbrella as you don't have to put effort into collecting a dividend check, interest off of savings, or royalties.
Now here are some sources of Passive Income that interest me:
- Dividends from stocks
- Royalties from writing a book
- Offering services that do not require your presence or interaction to complete the transaction (ie a web store that runs itself with minimal upkeep or even better upkeep that can be out-sourced to Hyderabad or Little Rock)
Side Income is working at WalMart to catch up on bills, tutoring after school kids in French, or anything above and beyond your regular 9-5 job.
So with this said, I am going to build my new wealth of Mobility and Adventure Time through new forms of Passive Income.
Ok now what? Where do I go? Anyone have a good story idea?
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