Creating a Passive Income

The internet is now swarmed with countless internet gambling websites, casino sites, and sports betting websites.  There are millions of people across the world who have delved into the world we know as online gambling. It has become bigger than a $35 billion dollar industry that has started to to become a bidding war between the big corporations. Many of the website owners have started with takeovers, acquisitions and mergers. Many of the big ones started in the mid 90’s or early 2000’s.

History of Online Casinos and Gambling

Some of the big online gambing brands are 888 Holdings which was founded in 2002 and does about $450 million in annual turnover. Full Tilt Poker which was one of the biggest known websites among online gamblers did about $545 million in annual turnover and was found in 2004. It was bought by POKERSTARS for $730million in 2012 and bought again by Amaya, Inc for almost $5 billion in 2014.The start of the revolution was in the mid 1990’s when Antigua and Barbuda passed the Free Trade and Processing Act. This act allowed the country to start issuing licenses to companies interested in becoming internet casinos. There is a toss up to who was actually the first online casino. GamingClub claims to be the first to market in late 1995, however most sources suggest InterCasino which was established in 1996 was actually the first online Casino. MicroGaming was actually the first one to start in 1994. Back then you wouldn’t go straight to the website. You would get physical CD’s to put in your CD-ROM and play your bets like that. They really paved the way because no one was using credit cards to purchase online since no one trusted it. It took some time to get the ball rolling along with mass adoption of the internet. The next problem they dealt with was slow internet connection which made it harder.

Rise of Sports Books and Online Poker

Wherever there is gambling, there is sports betting and poker.  Sports Books became popular in the mid 1990’s and continued to expand by offering generous bonus programs and free wagers.  Most of that died down quickly once customers started handing over their money but they continued to be extremely successful. in 1996, Canada even knew how big this industry would be so they introduced the Kahnawake Gaming Commission which controls and monitors that industry.

Online poker became a phenomenon.  It obviously started early, however when places like PartyPoker and ESPN began advertising online Texas Holdem, the world went crazy.  There were so many households involved in online poker, that new sites continually popped up with the new latest and greatest features.  The World Series of Poker which is still broadcast on ESPN continues to grab attention from watchers and continues to be extremely successful, even though the entries have dropped significantly since online gambling was thrown through a loop.

In the past 10 years, online gaming has increased due to the big spending on TV advertising like Super Bowl commercials. One of the original advertising methods were banner advertising which are the ugly or colorful advertising you see on the side of websites sidebars. Many promotions were being created and still are in effect too. Sportsbook gave free $10 to anyone who referred someone else to Sportsbook who deposited money into their account.

In 2005, a Utah mother agreed to place a tattoo of GoldPalace.com on her forehead for $10,000. Talk about some side income huh?  Now we’re not encouraging you to tattoo anything on your body in the form of advertisement. It’s not uncommon to see temporary tattoo’s on streakers through sports games like Football, Soccer and even Golf. These can be contributed to a mixture of creative advertising along with restrictive gambling ad laws.

The Fall of Online Gambling in the U.S.

In 2006 the Unlawful Gaming Enforcement Act, destroyed what we know of the online gambling world.  The act never truly attacked the poker system itself, they really only attacked the payment processors. If you took money for the act of another person making a bet or wager, it is against the laws of the United States of America.

There were a few websites such as Poker Stars, Full Tilt Poker, and Absolute poker, who tried to fight the system and continue to allow U.S. players into the system, however, eventually the government took over and seized those websites as well.  The day the government shut down internet poker is known as “Black Friday.” PartyGaming, a huge internet casino company lost 60% of its share price on that single day.

The Rise of Overseas Gambling

When the U.S. was hammered with all of the internet problems with online gambling and casinos, many professional players and others swarmed overseas and to foreign countries to still make money online.  The new rise of internet casinos offering poker, slots, and online gaming was a hot topic.

The reason all of these websites began to get popular is because all the major offerings in the U.S. lost all money and the ability to continue to do business.  Welcome to the overseas gaming world and you will see countless places to gamble your money still.

Netbet offers a variety of gaming and gambling programs such as slots, games, roulette, and blackjack just to name a few.

Remember online gaming and gambling is addictive and you can truly create problems for yourself and your family.  If you need help there are countless places to reach out and recover from gambling.  We are not liable for money gained or money lost with your online gambling adventures.

How to Make Passive Money with Online Casinos

Making money with internet gaming is actually easier than you think and it does not require you to take any bets yourself, it does not require you to be a payment processor or anything like that but it requires some initial upfront work. You can make money referring people, selling through affiliates, selling guides, advertising, or even working a certain percentage with a bookie. As long as you get traffic to your site, you can monetize through different channels.

Affiliates with Online Gambling Sites

Affiliates used to be the most popular way of making passive income with online gambling sites. You can reach out to bookies and refer customers to them for a percentage or a fee. For every money they play and the bookie wins, they can pass on a percentage to you, say 15%. This can be done for card games and sport betting.

Advertising

Advertising is a great way to make some passive income in the online gambling industry. If you bring enough traffic to your website, you can get brands to advertise on your website. Give them options of top, side or middle banner ads.

Passive income is all the hype these days. Many of my closest friends are finally understanding the power of passive income. As we all know, it takes time and money to generate passive income. It’s not as easy as some may make it sound, but it is a great way to build wealth. Focusing on passive income also means that you are focusing on the time investment.

Too often people get obsesses with making more money and don’t pay attention to how much time they are investing to get a net income. I know this happened with me last year. I was starting to have a successful business that was generating some decent income.
Things were going great, with the exception of investing an extra 20-30 hours a week on my projects. Before I knew it, I was obsessed. I learned my lesson the hard way and instead, I am focusing on building a sustainable business that doesn’t require me to sell my soul. If you are a passive income investor, you need all the help you can get to support your desire for passive income. Using the right tools can help anyone increase their passive income.

Tools to Help Any Passive Income Investor

Technology

The use of the computer is one of the greatest assets for any passive income investor. Not only does it mean you can access information at any time and place, but it also means that you can build sustainable processes without any additional time investment. One you have a computer program up and running, you can sit back and reap the benefits.The internet has also changed the way that people do business. Instead of charging for every bit of useful information many companies provide great information for free, with the purpose of getting traffic. For example, you can get great information on the forex market as long as you have access to the internet. This is just one example of the great information available to any investor.

Staff

Usually, people seem to distinguish between a business owner and a passive income investor, but they can be one and the same if it is done correctly. The best business model for anyone is scale. If you employ the right people, you can be well on your way to increase your revenue. The best part of having support personnel is that they can do all the work, while you supply the big picture. There’s nothing better than that!

Passive income isn’t easy and you need all of the help you can get. If you push away the support tools, it will be a long and lonely road to generate passive income. Start by thinking about scale and then move on to look for the items that can help you accomplish this goal.

Do you currently earn money outside of your full-time job? I think that most of us do. It could be something as simple as reselling cheap items on eBay, or maybe it’s crocheting scarfs and selling them at the town flea market, or perhaps you have some amazing baking skills and your friends can’t wait to buy your next pie.

Whatever it is that you are doing, chances are that in order to make the money, you have to put in quite a lot of time and effort for each project. What if I told you that you could make any side-gig into a passive money-making machine? It’s true, and it can be quite simple via an effective system. With this system, creating a passive income is not only possible, but it can make you incredibly wealthy too!

Creating a Passive Income With a System

I am a huge fan of the book, “E-Myth Revisited”, by Michael Gerber. Within the first few chapters, Michael describes a woman that bakes her own pies, but cannot handle all of the responsibilities of the business. Plus, she’s no longer having any fun because of the long hours and high stress of her current position.

You might wonder why she just doesn’t hire some employees to help her out – well, actually, she did. But, they asked her a million questions and didn’t often do as good of a job as she would have. Her hours actually increased because she had to fix the mistakes of her employees!

A system proved to be the answer to her problems. Rather than being the master of everything, this woman developed a system for each task within her shop. The questions didn’t come nearly as often, and the customers were satisfied because there was a sense of organization and consistency. Finally, she could leave the bakery without worrying about how it was being run. As the time passed and the employees grew more self-sufficient (because of the system), this business developed into a passive, money-making machine!

Turning My Blog Into a Passive Income

If you have ever started your own blog, you know that it is certainly NOT passive by nature. In order to grow the site, you’ll need to post tweets on Twitter, comments on Facebook, articles on other sites, and of course update your content consistently on your own blog! One could easily spend 20+ hours on their site each week!

If a blog takes so much time to build, how in the world could one make it passive?

You guessed it – a system. While it’s very difficult to make a blog 100% passive, one can come close by developing a system for each task. Obviously, this costs money and takes away from your overall profit, but guess what? With your extra time, you can start a new project and make even more money than what you had coming in before!

By repeating this process, you can continue to increase your revenue without putting in any extra time. 

This is the secret to wealth – what will you do with this knowledge?

There has been a vacant lot in my neighborhood for the past couple of years, and there didn’t seem to be much interest in purchasing it until just recently. This lot was at the intersection of two very busy roads. I thought that maybe it would be a good place for a gas station, but the roads were just too busy. It would be tough getting in and out of the station if you were in a time crunch.

This lot was purchased and there was absolutely no renovation done to it. The property was basically a mix of grass and gravel (mostly gravel), and that’s how it remains today, even after the purchase. The only thing that has changed with this lot is the fact that there are cars on it now. Nope, it’s not a parking lot, it’s a car lot.

This is not the typical car lot though, this is a consignment lot. The owner of the lot gives permission for other people to park their cars there for sale, and he earns money in one of two ways: (1) he can charge a monthly fee for the cars that sit there, or (2) he can charge a commission on each car that’s sold on his lot. It’s a pretty sweet operation, and there isn’t much that needs to be done to earn an income. You just have to receive a few phone calls, make out some invoices, and that’s it! Sounds pretty passive to me.

Consignment Lot for Passive Income

I wonder how profitable this venture would be? Let’s say we use the method of lot rent for each vehicle that’s for sale on our property. We’ll charge $150 a month. On average, I figure we would host about 10 cars per month.

The lot is not large and is really impractical for almost every business use, so it comes cheap at $10,000.

Income

• 10 cars @ $150 each = $1,500/month

Expenses

• Initial payment of $10,000 (paid with cash)
• Property tax of $150 each year

After just 7 months, we will recoup our initial investment of $10,000 and the rest is pure profit! This business will require only a couple of hours worth of work each week, and the earnings are $18,000 per year! It sounds like a pretty good investment to me.

This business plan is incredibly simple but effective! What do you think of it?

Have you ever driven your car around in disgust because you feel like you’re wasting time? If you didn’t need to drive from place to place, you could really be earning a higher income each year.

Well, have you ever thought about getting paid a passive income to wrap your car in an advertisement? It takes absolutely no extra effort on your part, and you could get paid up to $400 a month! Yes, these offers are actually out there, but they are difficult to find – if you decide to make the search, please do not enter any insurance or personal information onto the car-wrap site.

Now, if you find a website that’s valid, it can still be pretty tough to get selected. After all, who wouldn’t want to do nothing and make an extra $400 a month? It’s kind of a no-brainer (well, I guess it depends what’s advertised on your car…). To get selected, you’ll obviously need to be living in a place with a lot of people. If you live in San Francisco or New York, you’ve got much better odds than someone that lives in the country plains of Nebraska. Plus, the advertising company will want to make sure that you drive a lot. The more you drive, the more their customer gets advertised and the better off they do as a company. Finally, you’ll need to have some respectible wheels. If your car is old and rusty, it will have absolutely zero appeal for an advertisement.

If you aren’t too keen on wrapping your own car, there is an alternative. There are some companies out there that will provide a car for you to drive, for FREE! That’s right. You’ll get to drive a brand new car and you won’t be charged a cent – you’ll just be an advertising billboard.

What do you think about this idea? Would you get your car wrapped for $400 a month?

A young adult or professional may contemplate how to switch careers many times in life. Changes can be made in the educational phase or at times it’s just a personal choice within fields. There are even times one may choose to make a decision long after the start of one’s career necessitated by situational or economical factors. Statistically speaking, the average adult will change jobs at least ten times during their lifetime, so it is very safe to assume several of those jobs will also be a change in career. Common sense, planning, and self-awareness can help expedite the process and avoid major catastrophes. 

One should first evaluate key factors in the career change. The first factor is deciding what one wants to do. Making a list of desired outcomes in one’s new career and reaching out to professionals in the field can help with this, as well as researching the prospective market. It is important to educate oneself on average salary, educational requirements, growth potential, and job openings in the area and be aware of other factors like office hours and travel requirements. In some cases, a lateral move within one’s current career field might be more rewarding than a complete shift in industries. However, job seekers often find the time spent researching fosters negativity toward one’s current employment. Remaining in a career after the need for change has been identified is a leading cause of workplace dissatisfaction and poor performance. One’s decisions regarding career paths and options should be predicated on one’s attitude toward their current and projected career paths and objectives. Self-doubt can cause stress and anxiety while attempting a career change. Fear of the unknown is a healthy emotion that has been used for millions of years to preserve the human species. This is normal and a successful careerist will formulate ways to combat it. Recognizing what skills are transferable into a new career and what other achievements will benefit one can save time and stress. Analyzing one’s motives for change honestly can also prove beneficial by providing otherwise unclear or largely ignored insights. One should recognize oneself as the product and be confident in what one has to offer.

At this point one should have a clear picture of the new career, how it differs from the current career path, and if any additional training or experience is needed. One should always set a time table for educational requirements or goals for applications and resumes being sent out. Drafting a new resume will help highlight desirable attributes in one’s new career. Having tangible, attainable goals will increase the likelihood of success and avoid sidelining one’s goals. One should maintain accountability as well, by volunteering to keep one’s skill set sharp and networking within the field of interest to keep abreast of new opportunities. The careerist should also regularly contact recruiters working in one’s field(s) of endeavor. These steps will prevent undue stress and increase the likelihood of success in switching careers effectively.

As we continue to plod along in this uncertain economy, one begins to wonder what investments will be safe in the event of an economic disaster. Some might think that cash is all-powerful, but if your country can’t pay the bills, then their pieces of paper will be absolutely worthless! With this in mind, perhaps it would be wise to hedge against this potential event and invest in precious metals!

What Are The Advantages of Precious Metals

We have all heard of entire countries going bankrupt and paper currencies inflating so much that they are valued at only a small fraction of what they used to be. For example, let’s say that our government owes more money than they can possibly pay back (which actually appears to be the case lately). Suddenly, their “investors” (meaning, other countries) decide that they want their money back. Since we don’t have mounds of cash reserves, it’s just not possible for us to do it. So what’s our solution? Let’s print more money! Well, since we have an increase in our paper money, but a stagnant value of gold to back it up, each dollar is suddenly worth a little less. As this happens again and again in shorter time-spans, our country could very shortly be heading for a financial meltdown.

Instead of holding onto cash that may be worth nothing in the future, it’s a good idea to hedge against a typical investment with precious metals. For centuries, gold has been the most popular precious metal. Even in ancient cultures, gold was used to establish worth among citizens. Today, it still holds great prestige.

Gold is currently valued at about $1,500 per ounce. When the economy is unstable, the value of gold typically rises (since it is a hedge), so if you think that our economy will soon fold, it may be wise for you to purchase a few ounces of gold. After all, even if our cash becomes worthless, gold will still have great value.

It seems that fewer economies value the currency of the U.S. as they used to, which sometimes makes it difficult to buy and trade goods. But, gold holds great power and most likely always will. If you pull out some gold from your safe, chances are that people will notice.

Use It as a Hedge, Not an Investment

As I stated earlier, gold (among other precious metals) is a great hedge against an economic downturn, but what if the economy begins to thrive again? Rather than the value of gold rising, it will most likely plummet again, leaving you with much less value than when you initially bought it. Therefore, precious metals really shouldn’t be purchased as an investment, but merely as a safety net in the event that the economy does take a dive.

If your net worth is around $1 million, I would suggest that 5% of your worth should be in precious metals. That way, if our economy comes crashing down (which it really could, you never know), you’ll at least have $50,000 of investments that will grow in value. In these cases, your gold will makes your golden years tolerable rather than miserable.

Have you ever thought about investing in precious metals? If the economy takes another downward plunge, will you be buying up some gold?

When it comes to inheriting money, there is no other way to do less, or in some cases, more work for what will be considered a passive income. For those who are blessed to be part of a family that has the fortune to pass on, then your entire job in life becomes maintaining your place to inherit the goods. Many inheritances streams actually payout over the entire life of the person in the receipt. For some estates, the person who is receiving a payout is charged with the role of managing the estate. It’s less morbid than it sounds. Rather than waiting around for someone to kick the bucket so you can collect, this form of inheritance as passive income is more like taking on the role of caretaker for land that’s been in the family and receiving pay for it.

In order for this form of passive income to work out, you need to properly balance all the budgets and make sure money is properly allocated. Instead of thinking that this is like coming into the ownership of your own personal castle and having free reign to do whatever you want, you should see it as being commissioned with a task and expectations in order to sustain the wealth so that it can continue to be passed down. An estate that pays for itself is a lovely way to generate an entire lifelong paycheck of passive income.

Some argue that this is not passive at all. In some families, the person receiving the income must obey certain rules and expectations. Some of the rules can be as intense as requiring the heir to marry the right sort of person, behave a particular way in public, and make the right friends. For some people, this seems a gross invasion of privacy and an incredibly heavy set of instructions for how to live each day. Still, others find that it provides helpful boundaries and goals for how to be the best they can be. For these people, life as a caretaker of an extensive property is a well-designed career choice and form of debatably passive income.

The Responsibilities

How passive is an income that comes with lifelong strings attached? It depends on the person. It’s not that much different from the lifestyles associated with the rich and famous, really. There are lots of limitations to freedoms associated with the lifestyle of a famous person. Aside from hiring security personnel, managing threats from fans, and always being in the spotlight, a famous person is expected to live and behave a particular way. The only difference is that most famous people select their lifestyle where inheritance is often the other way around.

For many people, the idea of balancing the budget of a wealthy estate, managing the social engagements, and maintaining the lifestyle that goes along with it are ideal concepts. There is, indeed, a lot of money to be made in such inheritance scenarios. Not only is there the person who is allotted the inheritance and its responsibilities, but there are people that assist that person in their responsibilities. To become one of those people, perhaps it’s time to evaluate your social circles.

If you find yourself just a little shy of having oodles of billionaire friends, that’s alright. There are credible ways to turn yourself into an assistant to such elite folk. Aside from being certain to learn the ins and outs of managing estates, you would do well to become friends with people who are in the estate business. Be sure, above all else, to remain genuine. Putting on airs is a paper-thin guise and will get you nowhere in the end. You need to be genuinely concerned for the wellbeing of any estate that you become involved with as well as the personal needs of the people charged with its care. Selfish motives will be easily discovered, and you will find yourself alienated from the exact career you hoped to pursue.

In the meantime, it might do you well to start managing your own affairs with keen attention and a long-term focus. With any luck, you may end up with an estate of your own to pass along and in doing so, you will want to be well-aware of how to handle it. Responsibility and attention to detail are key. Spending the time to train the next person charged with care of the estate will be of utmost importance as well.

What would you like to leave your children?

Are you feeling stressed? If so, then you should know that you’re not alone. It’s often said that no matter what you’re going through, millions of others are going through the same thing. This should give you some comfort. On the other hand, if you really want to relieve stress, then you need to go beyond the “misery loves company” approach. Therefore, let’s take a look at some quality cheap-to-free methods of reducing stress. 

The first way to relieve stress might come as a surprise to you, but it’s the perfect option if you have a young child. Any guesses? If you guessed coloring, then you’re correct. If you’re the type of parent or guardian who allows your child to color while you clean the house, that’s okay, but in this instance, you need to stop what you’re doing and join your child. Not only will he or she appreciate it, but you will quickly realize that coloring is one of the most soothing activities possible. Your mind is very relaxed when you color because you’re so focused on perfecting the picture. It sounds overly simplistic, but simplicity is often effective, and this is one of those cases. Give it a try. You will soon find that you’re the one asking your child if he or she wants to color.

Another good way to relieve stress is jogging. When you jog, your body releases endorphins into your bloodstream, which makes you happy. It doesn’t get any simpler than that. And if you really want to get happy, then attempt to jog five miles or more. This is only recommended if you’re in good shape, but if you can pull it off, then you will enjoy a runner’s high, which is one of the greatest natural highs a human being can experience. You will find yourself with an abundance of happy energy … and you will sleep well that night.

If you don’t have a child and there’s no chance that anyone would ever catch you jogging, then at least consider doing push-ups, sit-ups, or jumping jacks while you’re working. Set a timer or promise yourself to do 100 jumping jacks every hour. You won’t want to do them, but when you complete them, you will be very happy that you did. If you can handle push-ups or sit-ups, then you will feel even better, invigorated in fact.

Another great option is caffeine. It’s true that caffeine gets a bad reputation, but it’s not completely justifiable. As long as you stay under 300 milligrams per day, you’re fine. How much caffeine you require will depend on the tolerance level you have built up over the years. Coffee is a great source of caffeine. If you’re not a coffee drinker, then consider Bing, which is a healthy energy drink with no high fructose corn syrup, no artificial flavoring, and only 10 grams of sugar. It has 122 milligrams of caffeine, and it’s filled with antioxidants. Since caffeine is known to put people in better moods, you won’t just be improving your mood, but you will be doing so in a healthy way as well.

These are all quality cheap-to-free methods of reducing stress. If you implement them, then you should see your mood improve in no time.

I think we’ve all experienced the loss of someone that’s very special to us. Perhaps it was a grandparent, aunt or uncle, parent, or maybe even a brother or sister. Whatever the relation, saying goodbye to someone forever is never easy and you want to be sure that you continue to remember them, even in death.

I know I started this post out a little morbid, but I wanted you to understand that death is very real in everyone’s life. And, if that person meant a great deal to you in life, you’ll certainly want to make sure that their grave site remains clean and respected. Also, wouldn’t it be nice if there was always a fresh set of flowers at the site as well? This is exactly the service that I want to talk about today.

Delivering and Maintaining Flowers At The Grave

Since many cemeteries do not allow fake flowers on the plots, fresh flowers are the only alternative. However, if you’re not able to get to the grave site every day, chances are that your flowers aren’t going to last very long, and they’re going to look shabby on the grave of your most cherished friend. Nobody wants that.

This is where your business comes in. You could provide the flower delivery and flower maintenance of each plot in the cemetery. The close friends and family of the deceased will most likely pay the monthly fee since it means a lot to them, and all you have to do is deliver the flowers and then water them a few days a week.

Of course, this business would start out as a one man show and not be passive at all, but the simple duties could easily be transferred to an employee over time.

Expenses

If you were not at all associated with the cemetery, you would need to haul your own water source. This could merely be a tank placed in the bed of a truck, which might cost $1,000 at the most. To save on costs, you should just use well-water so then your only expense would be the electricity in the pump. This should only cost you $5 a day. Then there is the obvious expense of gas in your travels to and from the cemetery. Assuming that you live close, though, your expenses should be no more than $7 a day. Finally, the flowers; if you consistently order flowers from the same place, I’m sure you could get quite a good deal. Flowers that are typically $25 could probably be sold to you for $15.

• Initial expense of the water tank: $1,000
• Water expense: $5/business day
• Fuel expense: $7/business day
• Flower Expense: $15 per bouquet

Income

Your income completely depends on how many clients you acquire. If you have only one client, I’ll guarantee that you won’t be in business very long. However, what if you had over 1,000 customers? Your operation would definitely be a success.

How much could you charge for your services? Well, to place flowers on the gravesite, I would think you could get at least $40 ($25 for the flowers, and $15 for the delivery. Then, if people would like you to maintain their flowers for the long-term, the going rate is approximately $35 per month (which could be advertised as only a dollar a day!).

Let’s assume that within a year, you are able to acquire 500 customers. All of them initially buy flowers from you and have you maintain them as well. So, each year, you receive an initial $40 payment as well as $35 a month.

• 500 * $40 for the flowers = $20,000
• 500 * $35 * 12 months for maintenance = $210,000
• Total Yearly Income: $230,000

So How Much Are The Profits?

$230,000 sounds like a ton of money, but how much of that was eaten away by expenses?

• Initial Tank Expense: $1,000
• 250 days * $5 per day for water = $1,250
• 250 days * $7 per day for fuel = $1,750
• $15 * 500 bouquets = $7,500
• Total Expenses = $11,500

Total Profits = $218,500

These are some pretty awesome profits! Now, let’s say you didn’t really want to drive the truck and water the plants anymore. You could easily pay somebody $35,000 a year to do it for you, and you’re still earning $183,500. Now that’s some pretty awesome passive income!