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Hi Dom,
Tysonboss1 is right there is loads of strategies out there that can create a passive income for you. What you need to do is find the one that works for you. I personally enjoy being creative, so what i find success in is property investing and running an internet business. My brother enjoys the numbers so he finds himself playing with many of the different strategies involved in the stockmarket, or eg. renting shares( put options), and emini’s. I also know people that have created substantial passive incomes from mult level marketing (mlm) as they enjoy the interaction with others.
Its really up to the individual, if your really keen my suggestion is also watch the DVD “The Secret” it has some fantastic ideas on how to obtain your goals.
I would also reccommend having a look at http://www.absolutewealtheducation.com/dvd.asp
and ordering your free DVD on many wealth creation stratgies, it was a vital resource for me to get started.Enjoy and best of luck
Arren
As you have paid back the FHOG and your property has been classified as an investment property. You still be eligible for FHOG for when you buy your first property of residence. Your partner should also be eligible for the grant.
For more information go to.
Absolute Wealth Education
Order Your Free Jamie McIntyre Wealth DVD