Financial offense is all about making more money.

Don't worry; the term "financial offense" on this page has nothing to do robbing a bank!There are many ways of earning money.

• You can work at a job and get paid a salary. This is the most common method of earning money.
• Once you have some money (saved and invested since you pay yourself first), you can have your money work for you. You will earn interest or dividends from it.
• You could trade stocks or futures using your money as capital, and earn capital gains (or losses!) from it.
• You could buy a real estate property and rent it out. You will earn rental income from it.
• You could become an infopreneur online. You will build your reputation by providing information that people trust. As your site gains more and more credibility, you will get more and more traffic, which you could monetize in different ways for earning money.
• You could a distributor for a network marketing company, and develop your own downline.

Getting better at financial offense means improving your earning power using one or more of these sources. Obviously the more sources you use in your arsenal, the better your financial offense.

Active and Passive Income

1. those that pay you in proportion to your time - your salary being the most obvious and commonplace example. You get paid only when you work. You stop working, you stop getting paid.
2. those that involve structures that keep you getting paid even when you stop working - dividends and rental income are the obvious examples. In these cases you have put your money to use and it is working for you even when you are not spending your time managing it day-by-day.

The latter category is called passive income. If you want to be truly financially free, you will have to understand what passive income is and the many different ways you can build streams of passive income. These streams of passive income certainly need a lot of work in the initial stages as you build them up. But once they are built, they can yield continuous and sustainable income for years to come, as long as you spend the necessary time managing them.

In the ultimate analysis there are no truly 100% passive sources of income. They all involve some management. It may be limited to managing the manager and making sure the ship stays steady on its course. But since these are your assets, there is nobody else in this world who will take better care of them than you will!

Let us go on and learn more about passive income.

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