Tag: royalties
Passive Income: Royalties vs. Automation
Today we have a showdown between two of my favorite passive income sources; royalties and business automation. Both of these passive income sources fall under the business pillar of our Retirement 4-50 plan. For a refresher, Retirement 4-50 consists of four separate pillars- retirement income, investment income, rental income, and business income. Read the book…
How to Build Passive Income from Royalties
“Passive Income” are the most important words in our financial vocabulary. These words help us separate ourselves from the act of making money. However, it takes hard work to build that initial product that will in-turn create passive income for us. I like to separate our passive income journey into four categories: Retirement (pension, TSP,…
