Blog Layout

Is It Possible to Create a Truly Passive Income Business?

Julie Murphy • Jan 17, 2022

In today’s world, we hear a lot about the idea of passive income and making money while you sleep, but is it possible to create a truly passive income business? The answer is yes! You can even have multiple passive income streams. Some take more careful consideration, time, patience and money and others can be less of a commitment. 


Why I love to encourage clients to consider this option is that finding ways to earn or create
more money is so much more expansive and empowering than staying within a strict financial container to make cut backs.


In this article, I’m going to share with you what passive income is and what’s important to consider when creating a passive income business. 


What is Passive Income?


Passive income is where you do or create something upfront that then continues to generate income. Don’t be fooled though; passive income
usually requires a substantial amount of time, work or consideration before you yield the returns. It’s important that whatever you choose is energetically aligned in your mind, heart and soul. 


The idea of creating one or multiple income streams to boost your finances might seem intimidating and something that you’re not cut out for, but let me assure you, you don’t need a Harvard business degree or consider yourself an entrepreneur to make it work for you. You just have to be willing to think a little outside the box! It can actually be great fun to think of the potential when you set your mind into that energy space. 


Examples of a Passive Income Business


The fantastic thing about passive income is that there are so many options. One example includes investing. You invest money in something such as a company stock or business and then over time, receive a dividend payment and appreciation on the investment. When making any investment decisions, although an opportunity can seem attractive at first glance, it’s crucial that you don’t jump in head first, particularly if you’re new to the investment world. I have many tips on guiding your investment decisions on my
YouTube channel so I encourage you to take a look at those. 


Another example is real estate. You buy a property, and you then receive the rent as passive income.


Some more creative ways to create passive income streams are writing and then selling a book. You don’t have to be an established author to do this either. Selling ebooks online or on Amazon can be a way to generate income every month. 


Other ideas include renting out your spare room on Airbnb, affiliate marketing, capitalizing on your skills and selling e-courses, saving money through cashback sites, paying off existing debts to create more available income or selling art on Etsy. 


Passive income doesn’t have to mean taking risks or committing to a huge project. Saving money on cashback sites or selling some of your work online is a low bar way to generate extra cash without risk. 


Factors to Consider


When deciding on what type of passive income business is right for you, some require money upfront and others need time. Most will need at least a little of both. If you’re in a position to put money upfront, options like investing, dividend stocks or placing money in a high yield savings account or money market fund could be something to look into. Again, regardless of whether you’re investing $10 or $100,000, the investment has to make sense on every level - financially and energetically. The idea of generating passive income streams is that you want to feel good about your choices. It should feel expansive and not approached as a knee-jerk reaction. 


Don’t worry if you don’t have money freely available right now though either. Creating a passive income business is still doable. This is the fun part and where we can get creative!


I’d like you to write down what you love to do. Maybe this is cooking, gardening, writing, music or something more technical like design or coding? What we often forget is that the things we love or take for granted that we’re good at - maybe things we do every day, is usually something other people will pay for! Could you create an online cooking or art course teaching people what you know? 


The key is to not overthink it. At this point, you just want to work that idea muscle!


Although it isn’t ‘passive’ income, you might have skills that you can offer on a freelance basis outside of your day job. In today’s economy, more companies are taking on freelancers instead of employing staff so there's a great opportunity to capitalize on doing what you already know and earning more for it! 



Keep it Simple to Start


As there are so many options out there for a passive income business, it’s tempting to want to dive in head first with a few at once. I would always recommend starting slow. Take it step by step and don’t be afraid to ask advice or for others to help if you’re creating something on your own. 


You don’t want to get burnt out - particularly if you’re going to create an income stream which requires your time. Focus on mastering that
one thing and see that it’s making a return before moving on to the other. Patience is key!


Passive income and building a passive income business is a great way to create what I call ‘real wealth’ where it’s aligned on all levels - spiritually, physically, energetically and of course, financially. Therefore, the process should be one of joy and empowerment. It can fulfil you in ways that far exceed monetary value too. Imagine how great it will feel to know that a choice you made or something you have created that offers value to the world is now building your wealth and generating that passive income you never knew could exist for you! 



Share Blog On Social

A woman is smiling while money is falling around her.
A sign that says join julie on youtube
A book titled the spiritual laws of money
Get it NOW!

Recent Blogs


Emotions around money show up in our bodies in ways we don’t always realize.
By Julie Murphy 29 Oct, 2024
Money isn’t just something we deal with mentally or emotionally—it’s physical too. Whether we’re conscious of it or not, financial stress impacts our bodies.
By Julie Murphy 02 Oct, 2024
In my book, " The 4 Spiritual Laws of Money , " I explain that wealth isn’t just about managing money—it's about aligning with the deeper, spiritual principles that guide our financial lives. These four laws offer a powerful framework to create lasting abundance, but they aren’t a one-time fix. Instead, they are tools to be revisited and reapplied throughout your journey. Reapplying the 4 Spiritual Laws of Money for Continuous Growth We all know the feeling—just when you think you've got your finances in order, something shifts, and it feels like you're back at square one. Maybe an unexpected expense pops up, or perhaps your goals change as your life evolves. Whatever the reason, financial growth is not a “set it and forget it” journey. It requires ongoing effort, reflection, and adjustment. This is where the 4 Spiritual Laws of Money come in. These laws aren’t just one-time lessons; they are a powerful framework that you can revisit and reapply whenever life (or your bank account) needs a tune-up. Let’s dive into how each law can be reworked into your daily life, helping you to stay on the path of financial abundance. 1. Manifestation Begins with Desire You’ve likely heard it before— knowing what you truly want is the first step to creating it. But here’s the thing: what you want today might be different from what you desired a few years ago. Life changes, and so do your dreams. Take a moment to check in with yourself. What do you really desire now? Is it financial freedom, a vacation home, or maybe the ability to give back to your community in a bigger way? Whatever it is, don’t be afraid to dream big. Let your desires guide you as they evolve. Reaffirming your desires regularly ensures that you're always manifesting what aligns with the current version of you. 2. The Heart Is Stronger Than the Brain When it comes to money, we’re often told to “be logical” or “stick to the numbers.” But one of the most beautiful spiritual laws of money reminds us that the heart is stronger than the brain . In other words, decisions made from a place of love, passion, and authenticity are far more powerful than those made from fear or strict logic. Ask yourself: Are your current financial choices aligned with your heart? Does how you’re making and spending money feel good on a soul level? When you revisit this law, you might realize it's time to adjust your financial strategy to better match your heart’s desires. This could mean choosing a career path that fulfills you or focusing on spending in ways that bring you joy, not just security. 3. Intention Redirects Energy The power of intention is real. When you set a focused intention, you shift the energy of your life in that direction. But the key word here is focused. As life moves forward, it’s easy to let distractions pull your energy in too many directions. That’s why it’s crucial to regularly revisit your intentions. Are they still aligned with where you want to go? Take time to refocus. This might mean creating new financial goals or reaffirming old ones. By re-centering your intentions, you’re not only redirecting your energy—you’re also inviting the universe to step in and help you make those goals a reality. 4. The Universe Responds to Action We’ve all been there: thinking, dreaming, planning—but not doing. This is where the fourth spiritual law comes in as a loving nudge. The universe can only respond when you take action. What steps have you taken lately toward your financial goals? Even small actions—like setting up an automatic savings plan or looking into a new investment—send powerful signals to the universe that you’re serious about manifesting abundance. And the universe will respond! The more action you take, the more opportunities seem to “magically” appear. Remember, action doesn’t have to be overwhelming. Start small, but be consistent. Every step you take builds momentum toward your goals. Why Reapplying the Laws Matters Life is full of changes. Your financial situation, goals, and even your mindset will evolve over time. That’s why it’s essential to revisit and reapply the 4 Spiritual Laws of Money regularly. They’re not static rules but a dynamic, flexible framework that grows with you. Think of these laws like a compass for your financial journey. Whenever you feel off track, return to them. When you’re uncertain about your next move, let them guide you. The more you use them, the more they’ll become a natural part of how you think and act around money. Embrace the Journey Remember, financial growth is a journey, not a destination. There will be twists, turns, and perhaps a few bumps along the way, but with the 4 Spiritual Laws of Money, you’re never lost. These principles are here to help you continuously grow, adapt, and realign with your true financial path—one that leads not just to wealth, but to joy, freedom, and fulfillment. So, the next time you feel a shift in your financial landscape, don’t panic. Instead, revisit these laws, reapply them, and watch how they continue to guide you toward your next level of abundance. Now, what’s your next step? If you found these insights helpful, you’ll love " The 4 Spiritual Laws of Money , " where these principles are explored in depth. It’s now available as an audiobook, making it easier than ever to absorb these powerful lessons on the go. Whether you're commuting, exercising, or relaxing, you can take the wisdom of these spiritual laws with you wherever you are. Start your journey to financial and spiritual abundance today!
By Julie Murphy 03 Sep, 2024
As someone who has guided countless clients toward true wealth, I know how crucial it is to build financial stability, especially in times like these. And that’s where my approach, outlined in my first book, "The Emotion Behind Money" , comes into play. In my work, I emphasize that wealth isn’t just about numbers—it's about what's happening inside you as much as what's happening around you. The Emotion Behind Money is all about building wealth from the inside out, which means bringing your authentic self to the forefront of your financial decisions. When your money is aligned with who you truly are, you create a foundation that can withstand even the most uncertain times. Feeling anxious about the future—whether it’s due to financial, economic, or inflation-related concerns—is a common experience. But often, that anxiety signals that your money isn’t set up in alignment with your authentic self. When this alignment is off, it’s easy to feel ungrounded and uncertain. I’ve seen this time and again in my work as a financial planner, and I’m here to help you shift from anxiety to assurance by realigning your financial life with who you really are. Let’s face it: the economic landscape is challenging right now. Inflation is driving up costs on essentials like gas, food, and education. Interest rates are climbing, and while wage growth might seem positive, it can have long-term consequences for the economy. It’s easy to get caught up in these concerns, but I believe there’s a better way to approach them. The Outside vs. The Inside When we think about wealth, we often focus on external factors: the stock market, interest rates, inflation, job security, and so on. These things are important, but they’re only part of the picture. What’s going on inside you—your beliefs, values, and emotions —plays an equally crucial role in your financial stability. If you’re feeling anxious about the future, it might be a sign that your finances aren’t fully aligned with your true self . When you’re not grounded in your financial decisions, it’s easy to feel out of control and overwhelmed by external events. But when your money is set up in a way that reflects who you are and what you value, you’ll find that you can navigate uncertainty with much more confidence and peace of mind. Creating Financial Space One of the most important steps you can take to create financial stability is to build financial space. This means having enough room in your budget to handle unexpected expenses, economic downturns, or other financial challenges without feeling panicked. Start by taking a close look at your current financial situation. Are there areas where you could reduce your debt? Are there expenses you could eliminate or cut back on? By making these adjustments, you can free up cash flow that can be redirected into savings or investments, creating a buffer that will protect you in times of uncertainty. I’ve created a Cashflow Worksheet to help you get started on this journey. You can download it here . Another crucial aspect of creating financial space is to avoid taking on unnecessary debt. For example, many people take out loans from their 401K accounts, thinking it’s a quick fix. But in the long run, this can lead to more financial stress. Instead, focus on building up your savings so that you have the cash on hand to cover unexpected expenses without resorting to credit cards or loans. Empower Your Choices A big part of building financial stability is recognizing that you have a choice in how you manage your money. It’s easy to feel like a victim of the system, especially when you’re facing financial pressure. But when you realize that you have the power to make decisions that align with your values and goals, you take control of your financial future. For example, instead of feeling like you "have to" use credit cards to cover expenses, reframe it as a choice. If you truly need to use credit, do so with intention and a plan to pay it off quickly. But if it’s possible to avoid it, choose to do so. This simple shift in mindset can make a huge difference in how you feel about your financial situation. Insulate Yourself from Economic Uncertainty We can’t control what’s happening in the global economy, but we can take steps to insulate ourselves from its effects. This starts with being proactive about your finances. By setting up your money in a way that aligns with your true self, you create a foundation that can weather any storm. Whether it’s building up your savings, reducing your debt, or making thoughtful financial choices, every step you take toward financial stability helps to create a sense of security. And that security isn’t just about having more money in the bank—it’s about knowing that you’re in control of your financial future, no matter what happens in the world around you.
Show More

Similar Blogs

Emotions around money show up in our bodies in ways we don’t always realize.
By Julie Murphy 29 Oct, 2024
Money isn’t just something we deal with mentally or emotionally—it’s physical too. Whether we’re conscious of it or not, financial stress impacts our bodies.
By Julie Murphy 02 Oct, 2024
In my book, " The 4 Spiritual Laws of Money , " I explain that wealth isn’t just about managing money—it's about aligning with the deeper, spiritual principles that guide our financial lives. These four laws offer a powerful framework to create lasting abundance, but they aren’t a one-time fix. Instead, they are tools to be revisited and reapplied throughout your journey. Reapplying the 4 Spiritual Laws of Money for Continuous Growth We all know the feeling—just when you think you've got your finances in order, something shifts, and it feels like you're back at square one. Maybe an unexpected expense pops up, or perhaps your goals change as your life evolves. Whatever the reason, financial growth is not a “set it and forget it” journey. It requires ongoing effort, reflection, and adjustment. This is where the 4 Spiritual Laws of Money come in. These laws aren’t just one-time lessons; they are a powerful framework that you can revisit and reapply whenever life (or your bank account) needs a tune-up. Let’s dive into how each law can be reworked into your daily life, helping you to stay on the path of financial abundance. 1. Manifestation Begins with Desire You’ve likely heard it before— knowing what you truly want is the first step to creating it. But here’s the thing: what you want today might be different from what you desired a few years ago. Life changes, and so do your dreams. Take a moment to check in with yourself. What do you really desire now? Is it financial freedom, a vacation home, or maybe the ability to give back to your community in a bigger way? Whatever it is, don’t be afraid to dream big. Let your desires guide you as they evolve. Reaffirming your desires regularly ensures that you're always manifesting what aligns with the current version of you. 2. The Heart Is Stronger Than the Brain When it comes to money, we’re often told to “be logical” or “stick to the numbers.” But one of the most beautiful spiritual laws of money reminds us that the heart is stronger than the brain . In other words, decisions made from a place of love, passion, and authenticity are far more powerful than those made from fear or strict logic. Ask yourself: Are your current financial choices aligned with your heart? Does how you’re making and spending money feel good on a soul level? When you revisit this law, you might realize it's time to adjust your financial strategy to better match your heart’s desires. This could mean choosing a career path that fulfills you or focusing on spending in ways that bring you joy, not just security. 3. Intention Redirects Energy The power of intention is real. When you set a focused intention, you shift the energy of your life in that direction. But the key word here is focused. As life moves forward, it’s easy to let distractions pull your energy in too many directions. That’s why it’s crucial to regularly revisit your intentions. Are they still aligned with where you want to go? Take time to refocus. This might mean creating new financial goals or reaffirming old ones. By re-centering your intentions, you’re not only redirecting your energy—you’re also inviting the universe to step in and help you make those goals a reality. 4. The Universe Responds to Action We’ve all been there: thinking, dreaming, planning—but not doing. This is where the fourth spiritual law comes in as a loving nudge. The universe can only respond when you take action. What steps have you taken lately toward your financial goals? Even small actions—like setting up an automatic savings plan or looking into a new investment—send powerful signals to the universe that you’re serious about manifesting abundance. And the universe will respond! The more action you take, the more opportunities seem to “magically” appear. Remember, action doesn’t have to be overwhelming. Start small, but be consistent. Every step you take builds momentum toward your goals. Why Reapplying the Laws Matters Life is full of changes. Your financial situation, goals, and even your mindset will evolve over time. That’s why it’s essential to revisit and reapply the 4 Spiritual Laws of Money regularly. They’re not static rules but a dynamic, flexible framework that grows with you. Think of these laws like a compass for your financial journey. Whenever you feel off track, return to them. When you’re uncertain about your next move, let them guide you. The more you use them, the more they’ll become a natural part of how you think and act around money. Embrace the Journey Remember, financial growth is a journey, not a destination. There will be twists, turns, and perhaps a few bumps along the way, but with the 4 Spiritual Laws of Money, you’re never lost. These principles are here to help you continuously grow, adapt, and realign with your true financial path—one that leads not just to wealth, but to joy, freedom, and fulfillment. So, the next time you feel a shift in your financial landscape, don’t panic. Instead, revisit these laws, reapply them, and watch how they continue to guide you toward your next level of abundance. Now, what’s your next step? If you found these insights helpful, you’ll love " The 4 Spiritual Laws of Money , " where these principles are explored in depth. It’s now available as an audiobook, making it easier than ever to absorb these powerful lessons on the go. Whether you're commuting, exercising, or relaxing, you can take the wisdom of these spiritual laws with you wherever you are. Start your journey to financial and spiritual abundance today!
By Julie Murphy 03 Sep, 2024
As someone who has guided countless clients toward true wealth, I know how crucial it is to build financial stability, especially in times like these. And that’s where my approach, outlined in my first book, "The Emotion Behind Money" , comes into play. In my work, I emphasize that wealth isn’t just about numbers—it's about what's happening inside you as much as what's happening around you. The Emotion Behind Money is all about building wealth from the inside out, which means bringing your authentic self to the forefront of your financial decisions. When your money is aligned with who you truly are, you create a foundation that can withstand even the most uncertain times. Feeling anxious about the future—whether it’s due to financial, economic, or inflation-related concerns—is a common experience. But often, that anxiety signals that your money isn’t set up in alignment with your authentic self. When this alignment is off, it’s easy to feel ungrounded and uncertain. I’ve seen this time and again in my work as a financial planner, and I’m here to help you shift from anxiety to assurance by realigning your financial life with who you really are. Let’s face it: the economic landscape is challenging right now. Inflation is driving up costs on essentials like gas, food, and education. Interest rates are climbing, and while wage growth might seem positive, it can have long-term consequences for the economy. It’s easy to get caught up in these concerns, but I believe there’s a better way to approach them. The Outside vs. The Inside When we think about wealth, we often focus on external factors: the stock market, interest rates, inflation, job security, and so on. These things are important, but they’re only part of the picture. What’s going on inside you—your beliefs, values, and emotions —plays an equally crucial role in your financial stability. If you’re feeling anxious about the future, it might be a sign that your finances aren’t fully aligned with your true self . When you’re not grounded in your financial decisions, it’s easy to feel out of control and overwhelmed by external events. But when your money is set up in a way that reflects who you are and what you value, you’ll find that you can navigate uncertainty with much more confidence and peace of mind. Creating Financial Space One of the most important steps you can take to create financial stability is to build financial space. This means having enough room in your budget to handle unexpected expenses, economic downturns, or other financial challenges without feeling panicked. Start by taking a close look at your current financial situation. Are there areas where you could reduce your debt? Are there expenses you could eliminate or cut back on? By making these adjustments, you can free up cash flow that can be redirected into savings or investments, creating a buffer that will protect you in times of uncertainty. I’ve created a Cashflow Worksheet to help you get started on this journey. You can download it here . Another crucial aspect of creating financial space is to avoid taking on unnecessary debt. For example, many people take out loans from their 401K accounts, thinking it’s a quick fix. But in the long run, this can lead to more financial stress. Instead, focus on building up your savings so that you have the cash on hand to cover unexpected expenses without resorting to credit cards or loans. Empower Your Choices A big part of building financial stability is recognizing that you have a choice in how you manage your money. It’s easy to feel like a victim of the system, especially when you’re facing financial pressure. But when you realize that you have the power to make decisions that align with your values and goals, you take control of your financial future. For example, instead of feeling like you "have to" use credit cards to cover expenses, reframe it as a choice. If you truly need to use credit, do so with intention and a plan to pay it off quickly. But if it’s possible to avoid it, choose to do so. This simple shift in mindset can make a huge difference in how you feel about your financial situation. Insulate Yourself from Economic Uncertainty We can’t control what’s happening in the global economy, but we can take steps to insulate ourselves from its effects. This starts with being proactive about your finances. By setting up your money in a way that aligns with your true self, you create a foundation that can weather any storm. Whether it’s building up your savings, reducing your debt, or making thoughtful financial choices, every step you take toward financial stability helps to create a sense of security. And that security isn’t just about having more money in the bank—it’s about knowing that you’re in control of your financial future, no matter what happens in the world around you.
Protect Your Energy and Shift Your Money Mindset for Greater Clarity and Abundance
By Julie Murphy 27 Aug, 2024
Clear the path to prosperity by focusing on what truly serves your highest good in terms of wealth and well-being.
Show More
Share by: