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Passive Income vs. Earned Income

Have you ever heard the phrase, “If you can make a thousand dollars, then you can make a million”? Does this phrase make any sense to you? For a long time, I thought it made sense to me, but I didn’t really grasp the concept. This is the whole notion between earned income and passive income.

Earned Income

This is the type of income that we are all most accustomed to. We head to our place of employment, we clock in for eight hours, and then we leave. We are paid based on the time we put in, regardless of the results we achieve. Sure, some of us are paid more than others, but if we didn’t show up to work for a month, there’s no doubt that the paychecks would stop coming in.

Passive Income

This type of income is a little hazy for most of us. We’ve heard

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Making a Grand Per Month in Your Sleep

I have already mentioned that my daughter has started an Etsy shop and is selling jewelry. Well, she has started to get some orders and actually had a few while she was sleeping the other night, so I was asking her how cool it was to be making money while sleeping. Needless to say, she was quite excited and thought the idea of passive income was pretty awesome.

So what are some ways that you could actually make an extra grand per month while sleeping?

Start an Etsy store: Creating some craft or item for sale allows you to post the items on the site and enable individuals to shop at any time even while you are sleeping. Your store is always available for people to find.

Selling on Ebay: The same principles apply to selling stuff on Ebay. Simply list the items that you have to sell and the

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Most Popular Posts on Making Extra Money

Grand per Month was started with a goal of offering up ideas and advice on how to begin making extra money in your spare time with a goal of actually making an extra $1000 per month. Imagine what you could do with that much extra cash flow in your budget. If you have been living paycheck to paycheck as many of us are, the extra wiggle room could be enough to start paying off debt or begin saving an emergency fund.

Whatever your motivation or particular needs, having more money than month is a good thing which is the first step to financial freedom. So let’s take a look at the most popular posts from the blog for the year.

Most Popular Posts for 2012

How to Make $1000 Per Month With Stock Dividends–It looks like everyone loves the idea of passive income. Invest in some stocks and sit back

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Aim to Save a Grand Per Month

This site has been devoted to helping readers make extra money each month, at least a grand or more, by offering ideas for making the extra money as well as motivation and tips to aid readers in their journey. Some of the ways that we have highlighted include blogging, working as a freelance writer or virtual assistant, or even cutting grass or cleaning houses. These activities take little money up front but do require some of your time to make them happen.

You may not make $1000 per month right off the bat, but you can begin to make extra cash that will help with your monthly budget allowing you to pay off debt, save for retirement or get that new car. Just getting a little wiggle room in the budget can make a huge difference in your life. Eventually you might been able to save a grand per month

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Are You On Track to be Wealthy or Poor?

Have you ever wondered what it would be like to be rich? What would you buy? A new swimming pool? A tennis court? Maybe, you’d build a brand new house for your entire family to enjoy? Whatever the case, it sure is nice to think about the endless possibilities of wealth isn’t it? The real question is, are you on track to becoming wealthy, or do you have a poor person mentality?

The Defining Difference Between the Wealthy and the Poor

Do you ever notice how poor people compare themselves to one another? Sure, they might brag about the latest toy that they “bought” or the most recent vacation that they took (compliments of their credit card), but ultimately, if they really want to compare apples to apples, they try to estimate the hourly wage of the other person. Most people don’t do it intentionally, but if your friend is

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