Something that generates money even with little work being added to it, also known as passive income. Yesterday I covered how to generate a passive income by creating a website. The internet does not always have to be involved to create a Passive Income.

Passive Income with your Writing
This method requires writing something that will be both true today and in 15 years. This writing with timeless value. This could be accomplished by writing a book. Many authors write books that continue to sell long after they were written. Take “Catcher in the Rye” for instance. The book still continues to generate money.

We can apply this to websites as well. If you are a blogger, write articles that someone could read five years from now that would have just as much value today as it has in five years. People aren’t going to buy your book in five years or visit your site in five years if it has no relevant content to the present year.

Buy an investment property with no money down.
“Pros: inexpensive, huge asset for nothing but a signature
Cons: need good credit, must choose wisely, must find tenant quickly,

I was a first time homebuyer when I bought my first investment property. Banks love first-timers. They have a myriad of different programs to get buyers into their first house. Most banks will bend over backwards for them. With meager credit, I qualified for a brand new house with no money down, super-low interest rate, and $5,000 in equity, just for signing on the line. That was the fastest $5,000 I have ever made.

The catch is that first timers must buy the house as an owner-occupant, meaning the owner must intend to live in the house. This requirement, however, can be a blessing. Finding a good tenant can take some time, but if you are living in the house you won’t incur any additional expense. I lived in the house long enough to qualify myself as an owner-occupant and find a tenant to take my place. When I found a tenant, I moved into a rental apartment 1/4 the size of my house and 1/2 the monthly payment.” -http://geniustypes.com/five_ways_to_create_passive_income_with_little_or_no_money/

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Other Posts…
Best Ways to Earn a Passive Income, Part 1
How to stay Motivated
Blogging… A New Career?
Getting Paid for Surveys