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On his website, he rolls down expectations that passive income is easy money, stating:"Earning any sort of income online takes a lot of hard work, a great deal of patience and a bit of luck, also. "In the end, Trzeciak set up an online marketing solutions business, PixelRush. "We decided it's something which we're going to have to put as a long-term goal and focus on a business model that allows us to generate income in a more traditional sense. "The'myth' of passive incomeTo some folks, the word"passive income" has become synonymous with an income that you can make without any effort.Deanne Carter, national sales manager of JDL Plans, has been to countless financial seminars and coached hundreds of people in investment and wealth strategies.

But what they don't tell people is that in order to do that you actually need to do some work" "The entire idea of a four-hour work week which sounds marvellous. The men and women who do have that kind of lifestyle there's a good deal of work that they've done in the background to get them to this position. "Carter thinks it is an effort most individuals are not ready to put in.She claims that hankering for a"magic bullet" often arises when folks believe that they should be further forward financially.The danger is that they can set their hope in get-rich-quick schemes, or kid themselves that passive income flows are"set and forget" and don't need any attempt to maintain.Lacey Filipich, 33, knows exactly what it's like to live that the passive income fantasy.

In 2001, at the age of 19, instead of buying a car, she used her savings to buy a two-bedroom unit in the Brisbane suburb of Taringa. She lived there for 2 years while she finished her university studies and allowed the second bedroom into another student. "At university, folks thought I was mad, but it worked out cheaper than renting a room for me," she says.Within four years, the unit was putting money into her pocket and the equity provided a stepping stone to other property investments. "Having had that one really great start early in life has made a big difference to me in terms of being able to generate more passive income from rental properties," she says.Her latest venture, Money School, involves teaching others how to follow in her footsteps and she also plans to direct money into stocks in future to secure income flows from dividends.While it's become easier as she's accelerated along the learning curve, she acknowledges there's work involved. "You do have to become something of an expert about real estate in your town and what prices are doing," she says.

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You do need to commit a fair bit of time. "She's developed a"short fuse" for underperforming agents when there's a vacancy or if a tenant isn't taking good care of the house. "That has probably been the greatest learning: that in case you allow that fester, you're giving away a great deal of your earnings. "Filipich has found ways to cut back tax-time demands.

Now, she has a separate bank account for each property. At tax time, she downloads the transactions and also a spreadsheet totals everything. "I just go through and assess it. "Jennifer Elliott is the founder and chief executive Continue of Integrity and Values, a leadership coaching company. She has successfully created another kind of passive income through her business, but is scathing of the notion that people can easily tap into an online passive income flow.

To really make it's not simple," she says. "When you set a product online, you have to have a very clear way of how you will drive people to it. "Her own passive income stream comes from a fully validated psychometric tool which measures integrity and leadership, which she put online in 2000.

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The online tool evolved out of a tried and tested paper version.Nor did it come at a low price. "I've literally spent $500,000 to get it to where it is," she says.This year, she has been transforming her novel, The Power of Focus, a goal-setting guide that has already sold 15,000 copies, into an online application.

What forced me to do it was I offered out of books," she says. However, she adds, it's a project that's taken the entire year.She probably sums up the effective path to passive income when she says:"It is about monetising what you do nicely already. "Loading.

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In February 2007, Pat Flynn was working at an architecture firm making $38,000 a year. He whined boosting his earning ability by getting an architecture license, however, the process would likely take six to eight years. When he learned about getting a credential in sustainable design and environmentally friendly building named Leadership in Energy and Environmental Design (LEED), he chose to go for that, as no one in his department had it.