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Archive for March, 2009

How Do I Create Passive Income?

By · March 26, 2009 · Filed in Uncategorized · 7 Comments »

In today’s economy, passive income is a highly sought after concept. Is it still really possible to earn passive income in this economy? Kylon and I have been fans of Robert Kiyosaki for years and have implemented several of his passive income ideas. We do NOT suggest going after every opportunity at the same time. We initiated different passive income ideas after we established one for several years before we moved on to another one.

What is passive income? Here is the definition from Wikepedia:

Passive income is a rent received on a regular basis, with little effort required to maintain it.

Some examples of passive income are:

  • Repeated regular income, earned by a sales person, generated from the payment of a product or service that must be renewed on a regular basis, in order to continue receiving its benefits – also called residual income.
  • Rental from property;
  • Royalties from publishing a book or from licensing a patent or other form of intellectual property;
  • Earnings from internet advertisement on your websites;
  • Earnings from a business that does not require direct involvement from the owner or merchant;
  • Dividend and interest income from owning securities, such as stocks and bonds, are usually referred to as portfolio income, which can be considered a form of passive income;
  • Pensions.

One of the key elements of an effective passive income generator is one that provides a monthly recurrence. A fee that you receive on a monthly basis is far more reliable than a fee that may be more randomly received.

Here are some more examples of passive income ideas:

vending machines
affiliate products
monthly subscriptions
real estate investing
ebay business

You will need to find what will interest you but as stated previously, it is important to find something that will generate monthly cash flow for you. Here are some examples from our lives.

1. Real Estate – we have 2 rental properties in which we receive monthly rents. We also have a monthly fee for all of our real estate agents and loan officers to hang their license under my broker’s license.

2. Ebay Business – Kylon had an ebay business where he sold designer clothes that he found at thrift stores and sold them for high profits. He made between $7,000 to $10,000 / month in years 2000 – 2002.  He was on his way to find one product and automate his systems to list it on ebay (true passive income model) but then he turned to the mortgage and real estate business and never turned back.

3. Affiliate products – the products that offer a monthly fee are the best in that you will be paid a monthly fee as long as the customer still uses the service. Marketing Burst, a site for creating landing pages is a great example of this. There are tons of affiliate products that you can promote so find what interests you and promote, promote, promote!

4. Monthly SubscriptionsChatToText would be an example of a chat service on social profiles that charges a $6 monthly fee  and you can have residual income for spreading the word. The downside to this is that more people are leary to give their credit card info on a monthly basis.

Steps to Start Your Passive Income Generator

1. Find your passive income generator
2. Research your passive income generator
3. Strategize how you plan to market
4. Develop a business plan of action
5. Make a daily plan of free promotion strategies such as

  • posting on forums
  • press releases
  • social media sites

Start budgeting for paid promotion strategies such as

  • PPC (Pay Per Click Ad Campaigns)
  • Internet Marketing Ebooks and Videos
  • Radio Promotion
  • Social Media PPC

I hope this information is helpful to you. I also have 2 ebooks that you can review for more detailed information:

A Guide to Passive Income

The Cycle of Wealth

Enjoy and come back and let us know what you decide to pursue!

Naomi Trower AKA
Passive Cash Gal
Real Estate Broker
Internet Entrepreneur

Foreclosure Prevention for Military Families

By · March 20, 2009 · Filed in Uncategorized · No Comments »


Most people aren’t aware of the fact that the mortgage lender will be unable to foreclose on your home, if one of the people holding the mortgage is on active service in the military. That’s right! No matter how far behind you are on your mortgage payments, no lender is legally permitted to foreclose or make a seizure on the property of an active military service person until a period of 90 days after they have returned to civilian life. This position is guaranteed by national mandates which have been instituted by Congress.

In addition to this foreclosure moratorium, those who obtain a mortgage prior to enlistment or the call to active duty may also qualify for a reduction in their interest rates that can help to lower their mortgage payments while they are away.

People who are in the military often find it hard to make their mortgage payments as long as they are still receiving the government salary for active duty personnel. That’s what the Service member’s Civil Relief Act (SCRA) was designed to help. It allows active duty personnel the opportunity to have their monthly payments reduced by as much as 6%. Depending on the current interest rate level this may turn out to have a huge impact on their monthly payments. The sum of money which is saved from such a reduction does not need to be repaid.

In order to qualify for such a reduction, your lender should be notified as soon as you have gotten your orders.

You’ll need to have the following in order to apply:

A Copy of your military orders
Duty notice
FHA case number
Evidence that your mortgage debt was procured before your enlistment/active duty status
Your activation date
Also along with the interest rate reduction, certain military homes may also be eligible for a reduction in their monthly payments and/ or a complete stay in payments for a certain period of time. Such conditions are not governed by law but are usually considered in cases where military personal face severe financial hardship while serving their country overseas.

The most essential thing is that you should inform your lender as soon as it becomes clear that you will not be able to make the regular monthly payments and inform them of the necessary reasons why. It may take some bargaining but in the end most will agree to reduce the payment terms when the military person in your family is on active duty. It makes sense; the law doesn’t allow the lender to foreclose until the military person returns home, so why can some form of payment be negotiated?

Either way, there is no need for anyone on active military service to bother about losing their home when they are away. The law is the law; it is illegal to repossess the home of active duty military personnel until a period of 30-60 days after they have resumed normal civilian life, regardless of how far back they are on their payments. It doesn’t give a lot of time to make the necessary arrangements on your return home but it is a safety net for those you leave behind.

kylon California Foreclosure Prevention   8 Simple Steps To Saving Your Home

Kylon Trower
CEO Premier Equity Group, Inc.

California Foreclosure Prevention – 8 Simple Steps To Saving Your Home

By · March 18, 2009 · Filed in Uncategorized · 4 Comments »

With thousands of families facing foreclosure in California it is important for you to know exactly how to respond in the event you face a difficult financial crisis and are forced to make decision to save your home. Below are a some solid guidelines to follow if you are facing a California foreclosure.

1. Don’t ignore the problem. The further behind you get on your mortgage, the harder it will be to reinstate your loan and the harder it will be to save your home from foreclosure in California. Now is not the time to bury your hand in the sand.

2. Contact your lender as soon as you realize that you have a problem. You must understand that the banks don’t want your house as California foreclosures are at record highs.. They may have some viable options to assist you in getting through these difficult financial times.

3. Open and respond to all mail from your lender if you intend to save your home. The first notices you receive will offer good information about California foreclosure prevention options that can help you weather financial problems. Later mail may include important notice of pending legal action. Your failure to open the mail will not be an excuse in foreclosure court.

4. Knowing your mortgage rights will help you save your home. Find your loan documents and read them so you know what your lender may do if you can’t make your payments. Learn about the laws regarding foreclosure in California and the time frames in your state (as every state is different) by contacting the State Government Housing Office.

5. Understand the California foreclosure prevention options. Valuable information about California foreclosure prevention (also called loss mitigation) options can be found on the internet at

6. Prioritize your spending. After health care, taking action to save your home should be your first priority. Review your finances and see where you can cut spending in order to make your mortgage payment. Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate.

7. Use your assets. Do you have assets — a second car, jewelry, a whole life insurance policy — that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income? Even if these efforts don’t significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to save your home.

8. Don’t lose your house to California foreclosure recovery scams! If any firm claims they can save your home and stop a California foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home! Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted California foreclosure professional, or real estate attorney.

Take the above advice into account and use common sense when making decisions about preventing a California foreclosure and attempting to save your home.

Kylon Trower
CEO Premier Equity Group, Inc.

Social Networking – A Waste of Time?

By · March 10, 2009 · Filed in Social Networking · 6 Comments »
Social Networking

Social Networking

There has been quite a buzz about social networking and whether it’s a waste of time for your business. Can you really market effectively on social networking sites? How is this possible? Most people believe that these sites have a lot of people that are attempting to sell their opportunity to each other.

However, statistics show that there are 75,000 people/day looking for home based businesses. I’m sure this number is growing daily especially with 70,000 layoffs on Bloody Monday. What a better place to find these people than on social networking sites! The key is to find your target market and focus your efforts in those areas. Here are some of the sites that I visit and have had many people join my business opportunity.

Myspace – This is my #1 lead source for my business in the social networking arena although many people continuously bash Myspace.  That’s ok because I’ll just take that business, thank you very much!

Facebook – is quickly taking over the #2 spot and could be my #1 source very soon. There are some great features such as Facebook Pages for your business.

Twitter – is the newest buzz word in the neighborhood and I’ve actually had a few sales from this source already! Make sure to check out my Twitter tips to grow your business. I also highly recommend following Mari Smith on Twitter and Facebook.  She gave me all the tips for my Facebook business page. – is a great place to meet like-minded individuals and those looking to start a new business. I’ve received my largest amount of traffic from posting this article to this site. I also gained 700 new Twitter followers from one twitter blog post on this site!

Youtubevideos are the wave of the future. Many people love watching videos more than reading content so this is a great avenue to promote your business.

Here are some professional networking sites that you can align yourself with potential business partners.

Professional Networking Sites

One of the main keys to success is to plan. Many people spend too much time on the social networking sites and do not get much done with their actual business. I’m not advocating joining every single site but choose a select few and focus on them.

Be sure to allot a certain amount of time for each site so you don’t run into the problem of spending all day on certain sites. For example, I try my best to get on Twitter in the morning, afternoon and evening for 10 – 20 minutes each time. This allows me to interact with different people as there are different high traffic times for Twitter.

My top places to visit on a daily basis are Twitter, Facebook and Go make some friends as people are more inclined to buy from people they know. Which ones are your favorite social networking sites?

Naomi Trower