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How can you obtain 200000.00 per year in passive income?

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Wiki User
2008-05-19 17:28:54

Passive income comes from activities that are not tied to the

number of hours you invest. Two major ways have consistently worked

in the past. You can invest capital into investments that produce

current income. Buying bonds, purchasing income producing real

estate. The other alternative is to build a business. The key is to

grow the business so that you have other people who are working in

the business and producing sales. They could be employees, they

could be independent contractors. You make money based on what they

produce. All companies that sell goods and services function this

way. To reach $200,000 a year and have that income consistently

come in year in, year out will take time to establish unless you

already have a lot of money. Almost all the programs that people

promote to get rich quickly fail for the vast majority who try. A

few will do well as they are just taking money from naive consumers

who do not realize that large passive incomes take time and

effort.


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