Beach money is money you make while you are sitting on the beach, taking care of your kids or sleeping. It is also the title of my favorite new book by Jordan Adler. I'll post it on the booklist as soon as I remember how:)!
Beach money or passive residual income that comes from a business like network marketing or investing and it has always been my goal. This is cashflow that comes in consistently over time for work you do once. It has to do with leveraging your time and talent rather than trading time for dollars. It is a concept not everyone understands but it is how many people become financially free.
If you work for an hourly wage or a salary you are limited to the amount you can earn. You can only make as much as you can physically work or as much as someone else decides you are worth.
If you are able to invest or build a leveraged business there are no limits. What would you do with an extra $1000-$10,000 or more a month that had little or nothing to do with how you spent the majority of your time? That is what I'm talking about!
If this sounds interesting or intriguing I suggest you read the book. I'd love to hear what you think!