have multiple streams of passive income

I have just purchased two almost new vending machines, each with a 4-compartment head. It is my goal to place both machines in good locations in January, and then refill them as needed on weekends. This is my first little venture into a source of passive income.

A question was posted to the goal, “Create something that generates passive income”, which asked, “What ‘things’ give people passive income?” Here is an answer. Perhaps some of you can list some more.

Passive Income is money coming in from a business venture that you have set up so that it runs itself without requiring that you put in long hours at the office. In other words, you can remain passive while the income keeps coming in.

• Published works that bring in residual income
• Owning vending machines
• Owning parking lots or storage units
• Internet storefronts or drop-ship
• Art, film, and other royalties
• Owning rental property
• Affiliate programs

Also see these goals on 43Things.com:

“Create income streams”
http://www.43things.com/things/view/86125

“Create something that generates passive income”
http://www.43things.com/things/view/251522

Other resources & articles:

Passive Income: How to Earn More and Work Less
http://entrepreneurs.about.com/od/gettingstarted/a/passiveincome.htm

Passive Income vs. Residual Income
http://www.selfstartersweeklytips.com/archives/022305.htm

8 Ways To Earn Passive Income Online
http://www.isitebuild.com/passive-income.htm

A similar goal on 43Things.com is:
“Create income streams”
http://www.43things.com/things/view/86125

Several people on this goal are posting their thoughts and ideas.

The Millionaire Mind Intensive weekend seminar changed our lives! We will never think the same negative way about money (or anything else) again! Our goal is to develop multiple streams of passive income that work well for us, and achieve personal financial freedom. We have opened our minds to consider possible sources of passive income that we might have dismissed without examination before. Every opportunity is neutral until we arrive!

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http://www.millionairemind.com/

Secrets of the Millionaire Mind – Mastering the Inner Game of Wealth by T. Harv Eker – Think rich to get rich
http://www.secretsofthemillionairemind.com/

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