Passive income is the embodiment of getting paid for work you did either once or few times. It is continual and the money you get paid doesn’t depend on whether you came to work or not.
It is very possible to become comfortable through earned income (if you are in the high salary bracket) , but the bulk of riches come from passive income. Income that flows even while you are away, sleeping or even flirting.

While many of us can’t just drop away from our jobs (that is for the strong hearted) we can still fast track our journey to millionaire status by identifying one or two means of getting reasonable passive income which we can even re-invest in more opportunities to get more passive income flow. Nothing stops you from doing your job, working your ass of for the boss and still quietly making money even while in your workplace.

The first step to building a steady passive income to boost your financial status is to do a bit of self-search. Discover hidden passions, dreams, talents and skills you have and try to come up with ways to make them earn money for you in your absence. What you do currently for a living has nothing to do with earning reasonable passive income.

I learnt a valuable lesson when I learnt of the fact that the newspaper vendor who regularly plied my neighbourhood overladen with newspapers and magazines had quietly over the span of 13 years acquired two three-storied residential buildings in a nice part of town. He could decide one day to throw back the magazines and newspapers at his editors’ faces and walk out the door but according to him he still enjoyed his work and the relationship he has built up with his buyers. His children are all in good quality schools and things are getting on well with the fellow. He even talks of soon adding to his real estate holdings. If he can do it, well why can’t you?