Internet entrepreneurs are able to create true financial freedom because they utilize passive income streams. By developing multiple streams of passive income you can enjoy unlimited time and money.
In my opinion just about everyone should be spending a little time developing passive sources of income. Passive income, which is any income that you do not have to work for, is the best kind of income you can have. It lets you enjoy plenty of money as well as time.
Developing passive income is especially a good idea if you are close to retirement or wanting to retire early. Passive income can be gradually developed until it gets large enough to support your chosen lifestyle. The more money you enjoy spending, the more passive income you will want to create.
I use several internet income streams to generate a healthy passive income. My primary income comes from my two websites, each of which is monetized to include several income streams.
Websites are great because they take time and effort to get them built and add in plenty of content, but once they are live and generating traffic they are highly automated. And in my opinion it can be a lot of fun, as long as you choose to market to a niche that you are interested or passionate about.
But there are plenty of other passive income sources. You can host a blog, create a network marketing downline, publish an ebook or digital product, or a number of other inter business ideas.
The real key to financial freedom is deciding what income you need to support whatever lifestyle you want to experience. Then work gradually, developing multiple sources of passive income, until your overall cash flow exceeds your needs. This is financial freedom in its purest form, and the opportunity to become a passive income earning internet entrepreneur is available to anyone, anywhere in the world.
For more information on successfully starting your own home business, marketing and growing your business online, and mastering the mental attitudes that promote wealth and success visit The Home Business Advantage as well as The Wealthy Internet Entrepreneur