This carnival is relatively new, but sorely needed.  I was going to start a carnival similar to this myself, so I was glad to see when Living Off Dividends got it going.

My favorite post was “How Passive Is Your Passive Income” from the carnival’s host. In this post, he makes a good point that the passivity of his online income is not exactly passive:

I’ve been lumping in my online income with my passive income, but it isn’t really passive. It may not be very strenuous and it gives me geographic flexibility and I don’t have to show up for work every day, but there is some effort involved.

The same is true for me, with some limited exceptions, where I have some affiliate programs that offer residual commissions.  I also like the fact that my online income gives me a lot of flexibility over my working schedule, and I can even take a few days off if I so chose without much impact.  If I gave it some thought, I could probably outsource and systematize some of what I’m doing to make things a little more passive.  That reminds me, if you haven’t read Tim Ferriss’ book, The Four Hour Work Week, I highly recommend it.

My entry into this carnival was “5 Reasons You Should Be Creating a Passive Income“, which describes why I believe building passive income streams are so important.

Check out the entire Carnival of Dividends & Passive Income here.

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