Passive Income quotes are the perfect inspiration for anyone looking to add an income stream to their lives.
Passive income is a type of income that is accrued with little or no labor for each transaction.
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That is not to say that you won’t need to spend time, money, or labor upfront while developing your passive income stream, but once it is up and running, it should require little or no continuous labor.
Examples of Passive Income are:
- Rental properties – once the property is purchased and any needed rehabs are performed, find the right tenant, and you will have a passive income stream
- Create an e-book – once you have created the e-book, you can start selling it over and over without any new effort
- Create an online course – if you create an online course that takes people through a process to teach a particular skill, you can keep reselling the system for a passive income
Take a few minutes to get some ideas from these Passive Income Quotes!
Best Passive Income Quotes
These quotes will inspire you if you’re ready to make passive income.
1. “Never depend on a single income.” — Warren Buffet
2. “Don’t work for money; make it work for you.” — Robert Kiyosaki
3. “Passive income is the key to financial freedom.” — Robert Kiyosaki
4. “Residual income means never having to start over.” —Tom Schreiter
5. “Passive income is the secret to financial freedom.” — Suze Orman
6. “Passive income is the holy grail of financial freedom.” — Tony Robbins
7. “Do you know what passive income is? It’s called work.” — Larry King
8. “Passive income is the best way to build long-term wealth.” — Brandon Turner
9. “The most effective way of bringing in passive income is educating people.” — Jess Van Den
10. “Passive income is the key to creating a life of financial freedom and abundance.” — Adam Smith
Inspirational Passive Income Quotes
Get ready to take the next step toward passive income with the following quotes.
11. “The passive income starts now.” — Tim Ferriss
12. “If you can’t stop thinking about it, don’t stop working for it.” — Michael Jordan
13. “You cannot have a million-dollar dream with a minimum wage work ethic.” — Stephen C. Hogan
14. “Never depend on a single income. Make investment to create a second source.” — Warren Buffet
15. “Passive income is like planting seeds that grow into trees that bear fruit for years to come.” — Dave Ramsey
16. “Earning passive income is like having your own printing press; with it you print unlimited cash flow every day, 24 hours a day.” — Robert Kiyosaki
17. “But a much bigger power of money is in generating more money for you. Those who are able to manifest the latter are never short of it.” — Manoj Arora
18. “Passive income is important because it allows you to do the things that you want, whether that spends more time with your family or hobbies.” — Derek Frech
20. “Wealth is not about how much money you have. It’s about having enough to live the life you want without worrying too much about tomorrow.” — Stephen Covey
Passive Income Quotes to Find Financial Freedom
As shown in the following quotes, many successful people believe passive income is the key to financial freedom.
21. “The greater the passive income you can build, the freer you will become.” — Todd M. Fleming
22. “You can only be financially free when your passive income exceeds your expenses.” — T. Harv Eker
23. “The wise young man or wage earner of today invests his money in real estate.” — Andrew Carnegie
24. “Residual income is passive income that comes in every month whether you show up or not.” — Steve Fisher
25. “Passive income is the ultimate goal for anyone looking to achieve financial independence.” — Grant Sabatier
26. “To obtain financial freedom, one must be either a business owner, an investor, or both, generating passive income, particularly on a monthly basis.” — Robert Kiyosaki
27. “The key to financial freedom and great wealth is a person’s ability or skill to convert earned income into passive income and/or portfolio income.” — Robert Kiyosaki
28. “Your economic security does not lie in your job; it lies in your power to produce – to think, to learn, to create, to adapt. That’s true financial independence.” — Stephen R. Covey
29. “The key is to work extremely hard for a short period of time (1-5 years), create abundant wealth, and then make money work hard for you through wise investments that yield a passive income for life.” — H.W. Charles
30. “It was through multiple streams of passive earnings that I could take time off work without worrying over how much we were spending each month. The more diverse my portfolio became, the better protected we became from any economic downturns.” — David Bach
Passive Income Quotes for Entrepreneurs
If you’re an entrepreneur, you’ll relate to these quotes.
31. “Landlords grow rich in their sleep without working, risking or economizing.” — John Stuart Mill
32. “If you don’t find a way to make money while you sleep, you will work until you die.” — Warren Buffet
33. “The worst thing you can do is get a second job. The best thing you can do is start a home-based business.” — Dave Ramsey
34. “A job takes up your time, but passive income works for you. It’s not a matter of how much time it takes up.” — Robert Kiyosaki
35. “Passive income is what I call the money that comes in from any source other than working for somebody else.” — Gary Vaynerchuck
36. “You might be working your fingers to the bone, but maybe that’s because you’re building a business or funding an education.” — Scott Adams
37. “Working hard for long periods will almost always result in more active income, but that doesn’t mean passive sources are useless.” — Peter Voogd
38. “I personally feel that the #1 benefit of having my expenses covered by passive income is that I get to keep doing a lot more of the kind of work I enjoy.” — Steve Pavlina
39. “I’m a huge believer that starting out with just passive sources can really be beneficial to your wealth-building because there are many years where you’re going to have low or no active income.” — Robert Kiyosaki
40. “The best thing I’ve ever done for my career is investing in real estate. The worst thing I ever did was work for somebody else’s company and have them dictate what they wanted me to do with my time.” — John Paul DeJorque
Wise Quotes About Passive Income
Learn more about earning passive income and the benefits with the following quotes.
41. “I’m a huge believer in diversifying your passive income streams.” — Donald Trump
42. “All work is active, not passive. It takes effort and energy to accomplish even the simplest tasks.” — Jimmy Buffet
43. “The most powerful form of wealth-building today isn’t about earning a paycheck; it’s about what you know.” — T. Harv Eker
44. “If you’re still doing what mommy and daddy said for you to do (go to school, get a job, and save money), then you’re losing.” — Robert Kiyosaki
45. “Passive income does not have to be huge; it just has to give you a little extra money for something that’s important in your life.” — Wanda Urbanska
46. “To me, passive income is just having your hard work pay you over and over again. And it’s not like a one-time thing — it keeps paying you.” — Gary Vee
47. “He who makes $25,000 annually through passive income is more enviable than he who earns $100,000 annually through a salary.” — Mokokoma Mokhononana
48. “I know of many very wealthy people who invest in passive income and never work. I also know a lot of people without much money that is spending all their time working.” — James Altucher
49. “The more I think about it, the more passive income makes sense. Even if we only have a few hundred dollars to invest each month, that can still lead to tens of thousands in passive investments over time.” — Niraj Dawar
50. “My rich dad taught me to focus on passive income and spend my time acquiring the assets that provide passive or long-term residual income…passive income from capital gains, dividends, residual income from business, rental income from real estate, and royalties.” — Robert Kiyosaki
More Ideas for Generating Passive Income
Check out some more ideas for generating passive income:
- Start a YouTube Channel or other Social Media channel – if you can grow your audience by posting relevant and engaging content, advertisers will pay you to advertise their products on your channels.
- Advertise on your car – allow advertisers to use space on your car to advertise for them.
- Store Items – people need areas to store their belongings. Can you store small items or cars, boats, or campers?
Please share these Passive Income Quotes with your family and friends and post any comments about passive income in the comment section below.