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Take a look at the presentation below on how YOU can Earn and Benefit from this Simple Money Making Opportunity! Simply click on the side to go through the slides.

Smart Media Tech Presentation from Jeff Badanoy

A Parable on Creating a Passive Income Stream

Here’s an interesting story about creating passive income which I’d like to share to you. I stumbled upon this story at foreclosurephilippines.com, a blog by Jay Castillo, a real state investor and an internet marketer.  For those who have the same goal of being financially free like me, this story is for you. So enjoy reading it and learn from it as well!

A Spring Runs Dry

The story is told of a spring that ran dry in a small mountain village. The leaders gathered to determine how they would supply the village with clean water. There was another spring and reservoir about a mile away but was too far for the villagers to travel.

One of the men volunteered to solve the problem by carrying water into the village himself each morning for a set fee. Since the need for water was clear, the leaders agreed to the offer and determined a fair price for each bucket of water delivered.

Early the next morning the “bucket carrier” arose and began transporting water. It was hard work but he was pleased with the immediate pay for his efforts. He awoke each day and hurriedly carried water.

The more he delivered, the higher the pay.

As time went on, he began to think there had to be a better way. So, he designed buckets that could hold more water and were easier to carry. He bought better shoes and discovered a quicker route between the reservoir and the village.

The problem was, despite all his improvements, the bucket carrier still had to get up each day to carry water.

A Better Solution?

Why Should You Not Rely on a Manual Money Machine?

What’s the very first thing that comes into your mind when I say “money machine”?

Well, from the word “money machine” itself; it’s something or anything that generates money.

Actually, I got this word from one of my mentors here in the country. In one of his books I’ve read, money machines are defined as your jobs, business, self-employment, paper assets and properties. Literally, these are called money machines because these (job, business, self-employment, paper assets and properties) produces money for you.

Money Machines

Photo Credit: http://www.flickr.com/photos/25890036@N07/3309448315    

Now, allow me to introduce to you the 2 types of Money Machines: Manual Money Machines and Automatic Money Machines

Your Job and Self-Employment are said to be manual money machines because you are exchanging time for money. You delegate your time and effort in exchange for an “active income”. You work 8 hours today and you get paid for it.

On the other hand, paper assets and properties are considered automatic money machines because these (paper assets and properties) generates money for you automatically, without your full supervision. You spend only a spare of your time while your automatic money machines produce a “passive income” for you everyday, even while you’re sleeping or you’re on a vacation in Boracay perhaps. And how do you like that? J

That’s what you call earning while on Vacation!

The Wrong Concept of Having a Manual Money Machine

How can this be a wrong idea when you’re earning money from your efforts and the time you spent?

Allow me to explain.

I know your job puts food on your table. It can buy you clothes and all other stuffs you needed. It can even give you a little financial security. And for that reason, some employee feels a false sense of security with their job which is dangerous.

Why?