Strategy
Strategy is very important when dealing with free passive income opportunities. The truth of the matter is, some of these programs will not last forever. Some will go under and some will last a long time. In order to be successful with this fact, you must follow certain rules. These rules are rules that will minimize the risk of failing in any free passive income opportunity. Remember, these rules will not completely eliminate the risk of failure but they will only minimize the risk. The greater the reward, the greater the risk. The less the reward, the lesser the risk. Always do your own research before joining any free passive income opportunity.
Three Golden Rules
Rule #1
Never put in (invest) what you can't afford to lose. If the money you put into a program puts a burden on you financially, do not put it in that program.
Rule #2
Get your seed money out as soon as possible. Your seed (also known as principal) money is the amount of money you put in (invest) any program. Don't fall for the game of compounding your earnings without taking out your seed money first. It's not about how much you have in a program but how much you take home.
Rule #3
Never put all of your eggs in one basket. Diversify! Always join more than one program, just incase one of your programs fail you still have others to make money with. Try to start off with 3 or 4 programs first and as you earn more money, join more programs.
Compounding
Compounding is when you take your earnings and reinvest it back into a program to increase your earnings. For an example: If you put $100 into a program and earn a 10% return weekly, you will make $10 a week. If you take your weekly $10 earnings and put it back into that particular program you will earn 10% on that amount as well. By doing this you are compounding your earnings to make an even greater return.
Set Your Goals
No one becomes rich over night in this business. You must first set your goals and gradually increase your goals to higher goals as you achieve them. For instance, your first goal maybe to earn $300 a month with all of your passive income opportunities combined. In order to do this you must first understand the numbers. Do the math and you will always have a good chance of reaching your goals.
