Automated Forex Trading Software & Passive Income
April 21st, 2009How ACTION Relates To Multipe Passive Income Streams
April 4th, 2009You have been lied to! There area a host of promoters that would love you to believe that creating PRI is as simple as flipping a siwtch and the cash flow starts rolling in. Nothing could be further from the truth! To truly create PRI you need to understand that you will need to take some action to get your cash flow to start rolling in and in many cases may have to monitor or do some things continually to keep the cash coming in. There are three specific categories you should be aware of in considering PRI.
1) Set up Dn (Do nothing else to create residual income)
2) Set up DSD ( Do Something Daily to keep the cash flow coming in)
3) Set up DSM (Do Something Monthly to keep the cash flow coming in)
We will use these categories to classify programs and ventures in our newsletter and in future posts to this site. Here is an example of a Set Up Do Nothing Program. The program is called affordable affiliates it requires you to simply enroll, purchase a membership between $100-$500 and the company uses that money to make purchases of products that they turn around and sell and share the profits with you . You only have two steps to complete to start receving a passive residual income when you participate in the affordable affiliates revenue program. There is a short movie on the website that explains the whole program and you can register for free.
An example of a set up Do Something Daily program that will allow you to leverage income and add to your multiple income stream portfolio is called AD-ventures4u.com this is a family owned and operated traffic exchange program that shares it’s revenue with those members that have purchased one or more Venture Units.
An example of a Do Something Monthly Passive Program is actually not a program but a piece of software that has the potential to make money and lose money. With that said what you are about to discover has a proven track record of consistently growing your money with a few minutes per month of monitoring and installing updates. The product is an automated forex trading software that you simply install once with any Forex Broker who uses the MetaTrader 4 Platform. You simply purchase the software and install on your computer, fund your Forex Trading account and the software creates the passive income for you. Once per month you will need to install the new version to insure your sofware is in alignment with market changes. There you have it, a full understanding of the 3 different categories of passive programs we will be discussing and 3 examples of each. More detailed information about program specifics, why we chose them etc. is available in our newsletter.
Is Passive Residual Income A Myth?
April 4th, 2009Contrary to what many people in the hyip or high yield income opportunity field may believe there truly are legitimate ways to make above average returns without a program being a ponzi scam. A number of entrepreneurs have been jaded against the idea and concept because they may have fallen victim to some of the money games and ponzi schemes that saturate the internet.
On its basic foundation the concept of residual income is one most can wrap their minds around because they are familiar with an author who receives ongoing royalties or a singer who receives ongoing royalties. The dificulty is for the average person to identify ways they can achieve the same type of passive income without having to participate in a money game or hyip. The first thing that comes to mind to prove that the concept is not a myth is the income derived from an mlm venture. In MLM or Network Marketing a person purchases products or services from a company and refers others to do the same, generally on a monthly basis, as the original persons team grows commisions are paid and the original person receives a check each month.
This is seemingly one of the easiest ways to produce ongoing cashflow but in reality the income generated is usually unstable and most people are not willing to put in the work necessary to achieve significant continuing income through this method. The bottom line is that the concept of receiving continual income with very little to no effort is not a myth but a reality. The question becomes how does one position themself to be able to receive ongoing cashflow if they do not want to participate in mlm, are not a singer, actor or musician etc. These are the things that will be discussed on this site and most importantly in our newsletter.
What Determines If Something Truly Offers PRI?
April 4th, 2009There is alot of information on and off the internet that attempts to explain exactly what the definition of passive residual income (PRI) truly is.. In my opinion the term simply means: “A way of receiving income on a continuous bases with little to no effort from you on a continuous basis.” Most true opportunities to receive this type of income will require you to set them up and perhaps participate in a daily, weekly or monthly task but do not require you to sell anything, talk to anyone etc.
The concept actually means different things to different people. People in the MLM Industry consider a program that they pour their blood sweat and tears into so that they can generate a monthly commission check their concept of PRI. Others would argue that the income can be considered PRI but the fact that there was effort expended to get to that level voids the MLM option as a way for them to create PRI because they do not want to invest the time necessary to create the ongoing cash flow. As an individual you will need to determine what you are willing to do and what you are not to create PRI.remember there is generally some effort required up front.
The key to remember is that GENERALLY there is no free lunch. There are ways of creating PRI with very little effort but you will generally have to do a few things to put them in place. It could be as little as signing up for a program and making a purchase or spending a few minutes per day doing a specific task that does not require you to sell or to talk to anyone. Expect to do something to initiate multiple passive income streams but you can restrict your participation to only those vehicles that meet your comfortability.