Edi­tors Note: Hi there. Brian here. I know it’s been awhile… we’ve just wel­comed a new baby to the fam­ily, and things have been rather hec­tic around here. But, I’m back and I want to share some­thing pretty awe­some with you. I’m sure you know by now what the Law of Attrac­tion is all about and how you can use it to achieve the life that you’ve always desired. I’ve invited my friends, Steve G. Jones, world-renowned astral pro­jec­tor and clin­i­cal hyp­nother­a­pist, and Frank Mangano, author, researcher, health advo­cate and entre­pre­neur in the field of alter­na­tive health, to share with you their inter­est­ing insights on the fun­da­men­tal prin­ci­ples of the Law of Attrac­tion. I hope you’ll find the arti­cle use­ful. Don’t for­get to leave a com­ment below with your thoughts.

Hi. I’m Frank. I’m an author, researcher, health advo­cate and entre­pre­neur in the field of alter­na­tive health, among other things. And a stead­fast believer of the Law of Attrac­tion. But, we’re not here to talk about me. I want to share with you some fun­da­men­tal prin­ci­ples of the Law of Attrac­tion that I dis­cov­ered in my jour­ney, and how it can help you in yours.

The whole idea behind the Law of Attrac­tion is that you are your own cre­ator. You can cre­ate what you want your life to be. You can cre­ate hap­pi­ness, wealth, abun­dance, and so much more. It is all up to you. The uni­verse is unlim­ited and you can take advan­tage of this by incor­po­rat­ing the Law of Attrac­tion into your life.

Because the uni­verse is unlim­ited, your poten­tial is unlim­ited. You can be the strong, pow­er­ful, and con­fi­dent per­son you want to be. By sim­ply ask­ing for some­thing, you are work­ing towards cre­at­ing it. The Law of Attrac­tion is all about using dif­fer­ent tech­niques and exer­cises to cre­ate won­der­ful things in your life.

Once you real­ize how pow­er­ful you are and how you can man­i­fest any­thing into your life, the Law of Attrac­tion will become easy for you. Once I real­ized what I wanted, I did every­thing I could to make it hap­pen. I asked for hap­pi­ness and wealth and began to view the world around me in a more pos­i­tive way. For me, the uni­verse answered quickly and I am very thank­ful for what I have.

Creation’s Domino Effect

Even after you get what you ask for, cre­at­ing other things becomes eas­ier. It is like a domino effect. When one thing falls in place with the Law of Attrac­tion, more fol­lows. It is a fan­tas­tic process and very empow­er­ing. You can cre­ate a bet­ter life at a much faster pace when incor­po­rat­ing the Law of Attraction.

Abun­dance is an extremely plen­ti­ful or over-sufficient quan­tity or sup­ply. You can cre­ate abun­dance in your life by incor­po­rat­ing the Law of Attrac­tion into your life. Abun­dance means feel­ing ful­filled and sat­is­fied with what you have. Wouldn’t that be a great goal, to feel sat­is­fied and abundant?

What’s great is that you can eas­ily attract abun­dance into your life by incor­po­rat­ing a few sim­ple steps into your life. Hav­ing pos­i­tive thoughts and feel­ings about your­self and your future will help you feel abundant.

Pic­tur­ing And Attract­ing Abundance

In order to feel abun­dant, it’s as easy as pic­tur­ing it. Pic­tur­ing liv­ing an abun­dant life will help you attract it into your life. Imag­ine what it would feel like to be sat­is­fied with your life. Imag­ine all the com­po­nents that would help you feel abun­dant includ­ing rela­tion­ships, wealth, hap­pi­ness, wealth, lifestyle, and things.

All you need to do is decide what would help you feel abun­dant and attract it. Incor­po­rate visu­al­iza­tions and reminders into your life. Keep your thoughts and feel­ings pos­i­tive and hope­ful of your future and get rid of neg­a­tive feel­ings and expe­ri­ences of the past.

Attract­ing abun­dance into your life will help you in so many ways. You will feel good about your­self and what has been given to you by the uni­verse. If you don’t already feel abun­dant, I want to encour­age you to ask for it from the uni­verse. It will change your life for the better.

Appre­ci­ate And Receive

An impor­tant aspect of the Law of Attrac­tion is appre­ci­a­tion. Both before you have received what you want and after, it is impor­tant to express appre­ci­a­tion for what you have. If you are just now start­ing to incor­po­rate the Law of Attrac­tion, it is impor­tant to appre­ci­ate what you already have. Sure, there are many things you want to change, but you have a lot of good things going for you in your life and it is impor­tant for you to appre­ci­ate those things.

The act of appre­ci­a­tion cre­ates pos­i­tive energy. When you thank the uni­verse for what you have, you are telling the uni­verse that you want more of it. This is a pow­er­ful tech­nique that you can use many times through­out your day. For exam­ple, if you would like to improve your rela­tion­ship with a sig­nif­i­cant other, you should be appre­cia­tive that you are in a rela­tion­ship. You can also express appre­ci­a­tion for your sig­nif­i­cant other by thank­ing them for all the good things that they do for you.

Many peo­ple use the Law of Attrac­tion to attract wealth. No mat­ter how much money you have, be appre­cia­tive for what you already have. Thank the uni­verse for the cash you have in your wal­let or the amount you have in your bank account. This tells the uni­verse that you like what you have and the uni­verse will answer your request with more money.

Once you receive what you have asked for from the uni­verse it is very impor­tant to appre­ci­ate it. You have focused a lot of your energy on ask­ing for it, so now you must focus that energy on appre­ci­a­tion and being thank­ful that you received it. Appre­ci­a­tion is only pos­si­ble when you allow good things into your life. When you allow good things into your life, you must be thank­ful for it.

The sim­ple fact of the mat­ter is that peo­ple, you and me included, are often just com­put­ers that have been pro­grammed to think and act a cer­tain way. We have our trig­gers and more often than not they can be exploited by mar­ket­ing and sales people.

I want to bring up this point because as an entre­pre­neur you need to know when you are being sold. And you also need to know how to sell peo­ple. What are these trig­gers, you may ask. If you haven’t already I rec­om­mend read­ing Influ­ence: The Psy­chol­ogy of Per­sua­sion by Robert Cial­dini. It’s an insight­ful read that reveals what trig­gers peo­ple to do cer­tain things. He also calls these trig­gers “weapons of influ­ence” and for good rea­son too.

This is very impor­tant for sales. If you can hit on these trig­gers, you will have already gen­er­ated auto­mated sales. It’s like a but­ton. You press it and peo­ple do what you want them to do. And know­ing these trig­gers makes your life eas­ier. You don’t have to think of a new way each time you are doing a launch or pro­mo­tion. Peo­ple are slaves to habit and if you can work these trig­gers and influ­ences into your prod­uct or busi­ness, your resid­ual income stream is already set.

And on the per­sonal devel­op­ment front, I find that know­ing your trig­gers and real rea­sons for your actions can help you grow and reshape your con­scious­ness for a health­ier atti­tude and bet­ter liv­ing. A lot has been ingrained in us since birth and in order to change bad habits and neg­a­tive think­ing, you must under­stand where it all began.

If you haven’t the time to read Cialdini’s book, then read this quick arti­cle on one of the major trig­gers found in pretty much every­one. I bet you’ve fallen prey to this once or twice.

(source)

“Money money money money money

Like any­one with any faith in humankind, you rail against the pro­fes­sion­al­i­sa­tion of com­mon­sense: because how­ever much the seed­ier tar­gets of this col­umn might enjoy spend­ing their cus­tomers’ money, baubles are imper­ma­nent. We’re not inter­ested in con­sumer issues. The greater crime, by far, is that quacks and mir­a­cle cure mer­chants dis­em­power us; and, more­over, that we love it when they do.

A paper cur­rently in press for the jour­nal Orga­ni­za­tional Behav­ior and Human Deci­sion Processes addresses this issue explic­itly. Par­tic­i­pants were given a quiz on Amer­i­can his­tory, with the oppor­tu­nity to win cash rewards for cor­rect answers (since we’re all sim­ple exper­i­men­tal ani­mals deep down), and the option to get advice for each ques­tion. The ‘advice’ was sim­ply another student’s answers, per­fectly likely to be wrong, and a rea­son­able model for self-appointed experts: it was from no great author­ity, and the exper­i­menters were quite clear about this.

The par­tic­i­pants were either offered the advice for free, or they were offered the oppor­tu­nity to buy it. They were offered either option at var­i­ous times, and it was made absolutely clear that the advice was of exactly the same qual­ity, whether it was free or not. Par­tic­i­pants were sig­nif­i­cantly more likely to fol­low advice they had paid for – and change their answers in line with it – com­pared with advice they received for free. We are suckers.

In fact, it’s already been a very good year for pay­ing for things which should come free.

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So sud­denly you and your best friend have thought of a great idea to gen­er­ate some pas­sive income.

Sounds bril­liant, right. Well it could be the start of a beau­ti­ful part­ner­ship but is the end­ing nec­es­sar­ily the same?

So these are 5 ques­tions that you need to ask your­self and your busi­ness part­ner. If you think things are tricky when you’re not mak­ing any money, it’s when you start mak­ing LOTS of money that things become more dif­fi­cult. Espe­cially if you have a busi­ness partner.

1. What is our business’s exit strat­egy? Is there one?
2. What is the best way for us to han­dle and resolve conflicts?
3. What pro­por­tion of the income belongs to who? How much of the com­pany do each of us own?
4. What are our roles and respon­si­bil­i­ties in deal­ing with the business?
5. What do you and I expect from each other in terms of work load, growth, and responsibility?

Hav­ing a busi­ness part­ner may decrease work load but if it’s not an explicit part­ner­ship, prob­lems may arise that could ruin a busi­ness. It’s bet­ter to dis­cuss these things before jump­ing into any­thing first. Just because you’re good friends doesn’t mean you’ll be good busi­ness partners.

It’s everyone’s dream at some point or another. To cre­ate some­thing so amaz­ing you just live off the licens­ing fees or roy­al­ties with­out hav­ing to lift a fin­ger. Instead of clock­ing in your hours, you’re cruis­ing on your yacht off the coast of Monaco.

Sound too good to be true? For most peo­ple it is, but not you. Because you’ve already taken the first step by telling your­self you will live off resid­ual income and not waste your time slav­ing away for some­one else.

So if you’re cre­ative,  an inven­tor at heart, or even just good at repack­ag­ing an idea, you may want to look into this resid­ual income strat­egy. This arti­cle below gives you the pros, cons, and hows to cre­at­ing a prod­uct that will gen­er­ate you a prof­itable income stream.

“Cre­ate Prod­ucts For Income That’s Pas­sive And Massive

Ever have an idea to fix a prob­lem or sur­mount a chal­lenge and then see that very same prod­uct in a store a few years later?

And you think, “Hey, they stole my idea!”

Chances are, unless your tele­pathic pow­ers are fairly high-level, the inven­tor didn’t steal your idea. He or she just acted on the same con­cept that was float­ing around in the col­lec­tive con­scious. The dif­fer­ence is action.

If you have seen your ideas repro­duced later by other inven­tors, don’t be dis­cour­aged. In fact, you should be encour­aged. Here’s why:

Cor­rectly iden­ti­fy­ing needs and solu­tions is a good sign that you can be an inven­tor or a prod­uct devel­oper. To take that next step, you need to learn how to intro­duce your prod­uct into mar­ket. There are pri­mar­ily two ways to accom­plish this. You can either invent, pro­duce, and sell the prod­uct your­self; or, you can license the inven­tion to some­one else and col­lect a roy­alty, a per­cent­age of the sale of that product.

Most inven­tors pre­fer that lat­ter, since it’s more hands-off and inven­tors like to keep their “hands on” new ideas. It’s another form of resid­ual income that will help you secure your finan­cial freedom.

Click here to con­tinue reading »

Hey, I found this great arti­cle that gives an intro­duc­tion to the types of pas­sive income, the taxes that cover it, and some resid­ual income opportunities.

It’s a great read espe­cially if you’re new to pas­sive income. I hope you find this arti­cle beneficial.

Intro­duc­tion to Passive Income

How to Make Money By Cre­at­ing Pas­sive Income

The eas­i­est way to gain finan­cial inde­pen­dence is to recon­fig­ure your life so that a sub­stan­tial por­tion of your income is not actively earned by your labor. Instead, it must come from what those in finance call pas­sive income. In fact, the idea of pas­sive income is closely related to the Berk­shire Hath­away model, which I explain in an ear­lier feature.

The basic idea of pas­sive income is that it is money received with lit­tle or no effort required to main­tain the flow of income once the ini­tial work has been done. Some com­mon exam­ples of pas­sive income are:

• Rent from real estate properties
• Patent roy­al­ties for an invention
• Trade­mark licens­ing fees for char­ac­ters or brands you’ve created
• Roy­al­ties from books, songs, pub­li­ca­tions, or other orig­i­nal works
• Prof­its from busi­nesses in which you have lit­tle or no day-to-day role or responsibility
• Earn­ings from Inter­net adver­tise­ments in a blog or on a web­site you own
• Div­i­dends from stocks, REITs, equity mutual funds, or other equity securities
• Inter­est from own­ing bonds, cer­tifi­cates of deposit, other other cash and cash equivalents
• Pen­sions
• Resid­ual income for a sales per­son on accounts that are typ­i­cally renewed auto­mat­i­cally such as a sport­ing goods rep­re­sen­ta­tive that earns a com­mis­sion on his accounts, bring­ing in a few thou­sand dol­lars per store per year for sim­ply ser­vic­ing the cus­tomers once they have been opened

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Gen­er­at­ing pas­sive income can be dif­fi­cult at first but of the 3 major types of income (earned, port­fo­lio, and pas­sive) it is the most steady.

With earned income you only get paid if you work. But what hap­pens when you’re laid off or fired? With port­fo­lio income, you would be invest­ing in future, bonds, or stocks. Sadly, the aver­age return on the stock mar­ket is 8%.  And there’s always a chance that the mar­ket will crash and head into a recession.

That’s why pas­sive income is becom­ing more and more pop­u­lar. It is robust and offers a very steady income stream.

Here are 10 ideas that can get the ball rolling for you. Let me know what you think about them.

(source)

Pas­sive Income Ideas

1. Rental Prop­erty
2. Write some soft­ware
3. Pub­lish some­thing
4. Become a part­ner with a busi­ness
5. Invent some­thing and patent it
6. Join a net­work mar­ket­ing busi­ness (one with a good train­ing pro­gram)
7. Write and sell an e-book online
8. Build a port­fo­lio of pho­tos to sell
9. Cre­ate a prod­uct and sell it through affil­i­ates
10. Develop a busi­ness idea and out­source every­thing possible

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I’ve men­tioned the use of roy­al­ties to cre­ate resid­ual income streams before, but I found this arti­cle that men­tions a few more ways to bring in the dough.

This list really helps if you tend to be on the cre­ative side. There is no rea­son for you to be a starv­ing artist at all. So have fun and make money at the same time.

How to Cre­ate Sources of Resid­ual Income

In this tough econ­omy it seems almost every­one is look­ing for ways to sup­ple­ment their income. With more and more peo­ple los­ing their jobs and the cost of liv­ing increas­ing, many folks are turn­ing to the inter­net to seek sources of resid­ual income. For those of you who aren’t famil­iar with resid­ual income — this is a source of pas­sive income that comes keeps rolling in long after you have put in the ini­tial effort. Pre­vi­ously, only actors and authors earned “resid­u­als” for their work, but the inter­net has changed all of that and there are now many ways to make money online and cre­ate resid­ual income.

Instruc­tions

1. Sell Your Pho­tographs Online: If you have some basic pho­tog­ra­phy skills and have a good eye for cre­ative and unique shots, then you should con­sider sell­ing your images on some of the var­i­ous micro­s­tock pho­tog­ra­phy web­sites. You can sell the same images over and over again and cre­ate a con­sis­tent flow of resid­ual income. The more images you have in your port­fo­lio, the more money you can make.
2. Sell Your Writ­ing Online: If you are a free­lance writer or even if you just dab­ble in cre­ative writ­ing, you can sign up for a mul­ti­tude of con­tent web­sites that allow you to sell your arti­cles online. Many of these con­tent web­sites allow you to sell your arti­cles for usage, which means they can sell over and over again to inter­ested par­ties. In some cases, once you have sold a good amount of arti­cles on these con­tent web­sites — you will begin to get pri­vate requests for your writ­ing and this will allow you to charge higher rates.

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I’m just fol­low­ing up on my post about blog­ging for resid­ual income.  Here’s a few more tips and tricks on how to get started.

Blog­ging is fun and prof­itable.  You don’t even have to be a great writer, just so long as you’re pas­sion­ate about a subject.

Writ­ing Your Way Into Resid­ual Income

Do you like to write? Do you know HTML? Can you upload files? That’s pretty much all it takes to earn resid­ual income on the inter­net. Any addi­tional skills learned along the way will only be a plus. The inter­net has a host of infor­ma­tion and will teach you every­thing you need to know to make money and become suc­cess­ful at it.

Let’s take this a step at a time:

THE WRITING PROCESS:

If you like to write, write a few arti­cles. What to write about? Well, here’s my the­ory. There are four areas to think about to help you begin writing:

1. Write about what you know: In my case, I have over 20 years of com­mer­cial insur­ance expe­ri­ence. I’ve writ­ten sev­eral arti­cles about insur­ance. No, it’s not my favorite topic, but it’s what I know and I have earned resid­ual income from that knowledge.

2. Write about what you want to know: I want to know more about health, fit­ness and healthy eat­ing so I write arti­cles about it. I research, learn and share my knowl­edge with any­one who is will­ing to read it.

3. Write about what you do: I’m an at-home mom and free­lance writer. I write about what I do. I write about the way I save money and share tips on fru­gal liv­ing and house­clean­ing and other such topics.

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Some of you may be think­ing, “how does one make any pas­sive income as a blogger?”

Well it’s pretty sim­ple. By writ­ing about what you love and engag­ing in a niche you enjoy being in, you can make huge adver­tis­ing deals and do affil­i­ate mar­ket­ing.  If you’re new to this idea, check out this arti­cle.  It gives you the basics on how blog­ging can serve as a pas­sive income stream for you.

Blog­ging for Income — A Pas­sive Income?

Last week two posts popped up in my RSS feeds with the words ‘pas­sive income‘ in their headings.

BJ asked — So Where’s the Pas­sive Income? and Dave writes about Grow­ing a blog or blogs as a source of pas­sive income.

The idea of pas­sive income is obvi­ously one that many peo­ple strive for — and it’s a term that I’ve heard used many times to describe online income streams — includ­ing blogging.

Unfor­tu­nately I wouldn’t use the term pas­sive income to describe blog­ging for income.

While there are a few aspects which could be described as pas­sive — the over­all expe­ri­ence that I’ve had is any­thing but passive.

Where is Blog­ging for Income ‘Passive’?

Archives — Per­haps the main area of where blog­ging has an ele­ment of ‘pas­siv­ity’ to it in how it can earn an income is when it comes to your archives.

I’ve been blog­ging now for close to 4 years and in that time would have pub­lished over 20,000 posts across my own blogs. While the writ­ing of these posts is any­thing but pas­sive (more on that later) the great thing about it is that even after those posts drop off the front page of a blog they con­tinue to have earn­ing potential.

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Here’s a quick list of over 40 income oppor­tu­ni­ties you might want to con­sider.  Some are set up per­fectly for auto­mated income and they often incor­po­rate things that you love to do.

This list also gives a great direc­tory of 20 alter­na­tive income resources you can check out.  I’ve found this list to be really help­ful and I hope you do too.

(source)

40+ Alter­na­tive Income Ideas and Resources

When I wrote Build­ing, Diver­si­fy­ing, and Shift­ing Your Income Streams, there was an impor­tant ele­ment that I left out. That ele­ment was some prac­ti­cal real life ideas about how you can start build­ing alter­na­tive income streams today. It is worth not­ing that not all of these are pas­sive income ideas, so you will actu­ally have to actively work for these income streams to grow.

In com­pil­ing this list, I did my best to avoid any sort of scams, and stay with prac­ti­cal ideas that work. I have not used all of these ideas, but I have used, or am using, many in this list.

Also, it’s impor­tant to note that some ideas may be worth­while for you, some may not, depend­ing on your finan­cial situation.

Alter­na­tive Income Ideas:

In addi­tion to basic ideas such as start­ing a busi­ness, get­ting a sec­ond job, and learn­ing how to invest here are money mak­ing ideas you can try:

1. Build a CD Lad­der using high yield cer­tifi­cates of deposit.
2. Switch to higher inter­est sav­ings account.
3. Peer to peer lend­ing on var­i­ous social lend­ing networks.

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