I’ve been a CPA to some of the nation’s richest people  for over 20 years now.  One of the common problems that I find with my clients is that while they often make a lot of money ($1 million per year or more), they have simply found the way to make the best leveraged use of their time.  They have other people doing work that isn’t their highest and best use and they only concentrate on the items that bring in the big checks.

Without a doubt, that’s the secret to high income.  But, it’s still just a job, even if they own the company.  If they don’t show up, they don’t get paid.    For awhile, it makes a lot of sense to work very hard and make thousands of dollars per hour, but eventually you want to take time off and enjoy the money you’re making.  You want to spend time with your family, build solid friendships, create differences in your community and just general, take some time off! 

That’s why I started on the quest about 10 years ago to help my clients find other ways to make money.  Only this time the money would be passive. 

The definition of a passive income activity is:  An activity in which you have the ability to make money but in which you do not have to physically  participate. 

In other words, the money shows up, even if you don’t.  This is the pot at the end of the rainbow for my thousands of clients.  And the burning question is, “How do you create passive income?”