The King of passive income

Elvis Presley’s former home, Graceland, attracts over half-a-million visitors a year.  It has been declared a National Historic Landmark, a designation it shares with the Alamo, Pearl Harbor Naval Base, and Mount Vernon, George Washington’s former home.

The Elvis Presley Trust brought in more than $52 million in 2008, a year that a dead Elvis out-earned a living Madonna by $12 million.

The King almost always heads Forbes’ list of Top-Earning Dead Celebrities, which gives new meaning to the phrase, “passive income.”

The secret to earning passive income is to create value that can be produced, delivered and collected on with almost no effort.