Is creating an app for the iPhone a good way to create passive income?

Good question.

No, creating passive income is almost always the worst way to obtain passive income. It is much easier to buy passive income instead of creating it.

Making an app could take you hundreds of hours if not thousands. This time is not free unless you value your time at zero.

However, if you have cash, then you can easily purchase a suitable passive income investment like a corporate income bond or being a limited partner in a large multifamily community that is passive income.

You have to in your mind think of it as if you have cash from somewhere and forget about where it was obtained and then examine investments that meet the definition of passive income. High quality passive income investments don’t require that you keep working at them once the money is placed.

If instead of creating an application you were to purchase bonds of a company like Alamo Mortgage Holdings, Ltd or Andesite Blue, Ltd these would be examples of passive income investments that are truly passive.

Don’t confuse yourself where you start thinking that passive income later obtained through many weeks or months of hard work is a good way to get passive income.

The easiest way to get passive income is to purchase it. You can do this by either pledging the asset you are buying as collateral to get a loan showing how it generates passive income or simply buying it with cash on hand.

If your goal is passive income the best way is to look at the bonds of companies that are not publicly traded (as they often pay higher returns) or to look at investing as a limited partner in a multifamily apartment community. But you need to focus on collateral backing the bond.

If you would like to learn more about investing for passive income, just register for my free weekly training at the link below:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com

Benjamin Z Miller
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www.benjaminzmiller.com

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