Best Passive Income Giants.

I suppose the very best passive income you can legally obtain, is that of your cash working for you. There would appear to be many ways to exploit this potentially profitable way of using your cash while you do your own thing, whatever that may be.

Well the most obvious would be to get a higher return on your savings, taking taxation into consideration of course. The old, old relationship, between risk and reward then comes more into play as you obtain a higher return for you cash, while moving up the ladder of return and exposing the investment to higher risk.

We'd all like to find lots of cash for zero risk. Dream on. We normally have to exchange something to get reward. This could be our labor, skill or instinct about how to exploit a given situation.

More reward, usually has a higher risk factor associated with it. But not always, that's where the expert money men and women earn their dollars and cents.

People like Charlie Munger and Warren Buffett of Berkshire Hathaway fame used their cash. or should I say other peoples cash - investors - to build earnings from investments, which were then reinvested and so on. But unlike so many wiz kids and fast money people, Warren and Charlie looked at what a business investment would return over years, not weeks or days, not always going for the fast buck.

Of course they are very , very good at what they do. Yet you to could find out how they used income from cash investments and assets to grow their business. How? Simply read their books and various materials.

You may now say they are experts and they have been doing it for years. That's true, but they started at the bottom gaining skill and judgment as time passed. Yet the basic principles remain the same. They looked for a company or investment which would give them a return for a given period of time. That return was then used to make other investments and so on. I have skipped many of the details, if you want to know the real nitty gritty, go read their books.

Where to start. If you a willing to search things out and apply yourself, you can find very low risk, low reward situations. The following are some examples.

ONLINE. - 'The web and the connected world'.

Affiliate Programs

Blogging for cash

Information Products

Amazon or eBay store

Creating software products

Advertising commissions

Pay Per Click Campaigns

Referrals

Domain Parking (or Embarking)

Royalties on Books and Patents

OFFLINE - 'the real world'

Properties Bought at the Bottom of a Real Estate Cycle yield Rental Income.

High Dividend Stocks

Turn your hobbies and interests in to some sort of product you can sell

Vending. Gumball, Candy, soft drinks machine. This does take setting up but once up and running you just need to service the machines and take the cash.

Why not find out more on the topic of Vending here.

This is not an exhustive list of the best passive income sources but gives you some idea what is possible.