It’s pretty startling to me when I hear about someone who is trying to increase their wealth, but trying to do so by getting a raise at work, or a better position at their job.  I feel bad because I know that even if they were to get the raise or promotion, they’ll likely still never get wealthy trying to do so using the type of income that a JOB provides.

In actuality, what they should be trying to do is find a way out of that job, and open their own business.

But even then, there’s a certain type of income that they should be after with their own business, that is the leading way to create wealth in life.  It’s actually the type of income I discovered at a very early age.  In fact, I was only a 12 year old boy living in the Bronx when I discovered the beauty of passive income.

How does a 12 year old kid in the Bronx learn so young about Passive Income?

When I was 12 years old I had my very own newspaper route.  I enjoyed delivering newspapers and all that a route entails, but I also wanted to be able to cover a larger area than I was able to all by myself.  Heck, I had to be at school so there was no way I could cover my area plus some, and still make it to school.  So I hired two other kids, and therefore became an employer and passive income earner.

See having employees meant that I had two other kids doing the work in 2 other areas, and I was able to make money from their efforts.  I took on the routes, did the hiring of the two boys, and then simply let them cover the area for me…hence the word passive.  I didn’t have to be there for the money to come in.

Now, there are many types of passive income to be had, but the mere concept fascinated me to no end and I fell completely in love with it.

My next exposure to passive income in a large and profound way came when I began to work with very high profile clients in the entertainment field.  I procured some of the biggest rock stars in the world as accounting and business management clients (that’s a great story for another time in itself), and was reminded once again of the beauty of passive income.

You see, these guys and gals got paid over and over again for songs that they wrote just one time.  It didn’t matter if it only took them a day to write that song either.  They wrote it, recorded it, and everytime after that when it was bought, or used in anyway they were paid a royalty, over and over again.  Didn’t matter what they were doing, even sleeping or onstage doing what they really loved, or harassing me in their private jets, they kept getting paid over and over.  And again, I saw this first hand…I was their business manager.

To watch this was a little torturous I must admit.  Sure they paid me well, and hooked me up with some of the best amenities in the world, but I still had to be there working to get paid, while they were raking it in no matter what they were doing.

Luckily my wife Ann discovered Network Marketing and it didn’t take me long at all to see right along with her that this was the passive income that I was looking for, and I dove in head first with and never looked back for even a single second.

Passive income is responsible for creating the wealthiest people in the world, and few people get there without it.

Take Bill Gates.  Bill Gates is the richest man in the world, but why?  Because he created a stream of passive income that acted as a gateway to the internet!  He doesn’t have to install Windows on every PC that is sold himself, the factories do it automatically, and each and every time they do so, Microsoft (Bill Gates) gets paid.  And when someone upgrades, guess what, Bill Gates gets paid no matter what the heck he’s doing, over and over again to infinity.

So that is why you should actively be seeking a way to create passive income.  Real Estate, software, licensing (music, movies, and books), and the greatest business in the world for the regular man or woman – Network Marketing – are all forms of the tremendous potential of passive income. .