I am a 30 year old UK Based IT Consultant and Internet Entrepreneur. I have been building websites for as long as I care to remember. Over the last three years I have developed an interest in generating additional income.
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Passive income is an income received on a regular basis, with little effort required to maintain it. The American Internal Revenue Service categorizes income into three broad types, active income, passive income, and portfolio income
With that in mind, I am trying to develop a whole heap of different Passive Income streams without putting all of my eggs in one basket and not copying anyone else. So that I have my own story to tell you when i have achieved the holy grail.