• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

My Wealth Manifesto

Personal Finance Tips for Every Day

  • Saving
  • Spending
  • Invest
  • Debt
  • Work
  • About Us
  • Advertise
  • Contact
  • Guest Post
  • Privacy Policy

4 Passive Income Ideas I Learned From Robert Kiyosaki

March 22, 2020 Mr WM 2 Comments

passive income ideasWhen it comes to financial freedom, millions of people will tell you millions of different things. But a lot of times, the advice is only worth about as much as you paid to get it. In other words, how come so called “financial experts” have made far more money from peddling their books and tapes than they have in the financial sector or in the real world itself?

With Robert Kiyosaki, though, it’s all different. Here’s a financial expert who truly knows and understands the inner workings of money, finances, and more. And in fact, some of the major passive income ideas that he advocates are things he’s actually done, gotten rich from, and is teaching you to do now.

Passive income, of course, is making money and income without having to work for it. That is, you put in the work setting up the income stream, and then over time, income comes in naturally and you live the good life, enjoying the benefits without toiling all day and night over whether or not you’ll be able to pay the bills this month.

But when it comes to passive income, what do those ideas look like? And what can you do to truly take advantage of income streams and ensure your financial freedom to live and do the things you enjoy? Here are four income ideas advocated by Robert Kiyosaki as passive streams that can really make a huge impact on you and your life:

 

Kiyosaki’s Passive Income Ideas: 

1) Buying House Properties To Generate Cash Flow: Homes and other properties are great ways to generate cash flow, as you turn monthly rental checks from tenants into a great cash flow for you and your needs. You do very little work on the house, and you get monthly rent checks flowing in simply thanks to your foresight to make the purchase in the first place – truly a winning strategy!

2) Write Books (But Make Sure They Sell!): You need to make sure they will be popular and effective, but Kiyosaki advocates writing books and other materials that you can publish (either on your own, or through a publishing company), and in turn, collect monthly residual checks as they are sold throughout the country, or digitally online.

3) Internet-Related Businesses Work Great: Internet-related businesses are great turnkey investments that, once set up, can generate massive amounts of income for people who have to do very little work to get there. From affiliate marketing programs to other Internet marketing techniques and businesses, this is surely something to look into when it comes to generating passive income for yourself and your family!

4) Invest Wisely in Stocks and Mutual Funds: Finally, investing in stocks is a wise move to generate passive income – but only if you know how to play the game and work the stock market. The kicker, though, is that wisely investing in stocks can bring you a great deal of money while doing very little work, an equation that is surely positive for you and your needs!

 

Featured image courtesy of Flickr

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to email this to a friend (Opens in new window)

More Posts You'll Like:

How to Make Money on the Side During RetirementHow to Make Money on the Side During Retirement Online Degrees That Will Earn Your Money4 Online Degrees That Will Earn Your Money Back Fast Improving the User Experience in Video Collaboration Top 5 Financial Business Mistakes and Their Consequences

Work

Reader Interactions

Comments

  1. Ramonita Pettus says

    March 3, 2017 at 7:56 PM

    Hi, re affiliate marketing – do you have ideas about improving sales on a varied site? I own a image sharing webpage and as such it’s extremely to match offers to the visitor. Many thanks

    Reply

Trackbacks

  1. Build the healthy ways to spend your money wisely | Designa Coin says:
    June 30, 2017 at 11:07 AM

    […] Money management is an important aspect of self development. Those who are able to learn how to manage their finances are far more successful than the people who are either spend thrift or are a miser. There is no use of frugal living because that will only make your life devoid of the fun. It will bring you more stress than that of having no money. You are needed to learn the art of spending wisely rather than strict saving.  It will enable you to cut down your useless expenses and hence you will automatically be able to save more without compromising and killing your desires. […]

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

NEVER MISS A NEW POST!

Enter your email address to subscribe to this blog for free and receive notifications of new posts by email.

More Great Reads!

How to Do a Complete Self Audit of Your Financial Situation

How to Prepare to Apply for a Home Loan

Financial Tips for Getting Back on Track

Are You Walking a Money Nightmare? Financial Tips for Getting Back on Track

How to Choose Your Family Health Care Insurance

How to Choose Your Family Health Care Insurance Wisely

Retirement Saving Starts Now! Where to Begin

5 Tricks You Can Use to Cool Your Budget for the Summer

Common Financial Mistakes

5 Common Financial Mistakes We’re All Guilty Of

How to Make Money on the Side During Retirement

How to Make Money on the Side During Retirement

Improving the User Experience in Video Collaboration

Five Amazing Tricks to Working from Home with Ease

Footer

About Us

My Wealth Manifesto is a collection of personal finance tips and tricks that you can use to save more, spend less, and invest securely.  Read more at MyWealthManifesto.com

Categories

  • Debt
  • Invest
  • Saving
  • Spending
  • Work

Archives

Disclaimer: My Wealth Manifesto is for entertainment and reference purposes only. We are not licensed financial professionals. The work here is the opinion of the author and should not be interpreted as an endorsement for specific investments, products, or services. Always seek the advice of a true professional if you truly are in need of help.

Affiliate Disclaimer: Some of the links on My Wealth Manifesto may be compensated for affiliate relationships with advertisers such as Google Adsense, Amazon Associates, and other third party interests.

© Copyright 2016-2019 MyWealthManifesto.com · All Rights Reserved · Powered by WordPress

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.