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Passive Income 101

April 6th, 2022 Posted in Entrepreneurship, income, Money Tips
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Do you want to make money while you sleep? Do you want to be able to quit your day job and focus on your own projects? If so, then you need to start generating passive income. Passive income is income that you earn without having to work for it. It is the holy grail of income generation, and it is achievable if you know what you’re doing. Here we will discuss what passive income is, how to create it, and some of the best ways to earn it!

Passive Income 101 - counting cash image
Photo by Tima Miroshnichenko from Pexels

What Is Passive Income?

Passive income is defined as income that you earn without having to work for it. This means that you can generate money even while you’re sleeping! The key to creating passive income is finding a way to make money without putting in an active effort. In addition, passive income should be something that you can do once and continue to receive payments for it over time. There are a few different ways to do this, but the most common is to create a product or service that can be sold on autopilot.

How To Create Passive Income?

There are a few different ways that you can create passive income. This means that you create the product or service once and then continue to receive payments for it over time. Another way to do this is to invest in real estate or stocks and receive dividends.

Real Estate:

One way to create passive income is through real estate investing. This can be done by purchasing a property and then renting it out to tenants. When purchasing a property, ensure that you consult a mortgage adviser to ensure that the property is a good investment. 

Stocks:

Another way to create passive income is through stocks. When you invest in stocks, you buy a piece of a company. If the company does well, then the stock will go up in value. This increase in value can be sold for a profit.

Membership Site:

Another way to create passive income is through a membership site. This is a website where people can sign up and pay a monthly fee to access exclusive content. This content can be anything from videos and e-books to courses and software.

Product Sales:

Another way to create passive income is through product sales. This can be done by creating a physical product or a digital product. If you create a physical product, you can sell it on sites like Amazon or eBay. If you create a digital product, you can sell it as an eBook on Amazon or as a course on Udemy.

Blog Advertising:

Another way to create passive income is through blog advertising. This is where you allow companies to place ads on your blog in exchange for a fee.

Affiliate Marketing:

Another way to create passive income is through affiliate marketing. This is where you promote other people’s products or services and receive a commission for every sale you make.

The key to creating passive income is finding a way to make money without putting in an active effort.

Final Thoughts

Passive income is a great way to make money without working for it. There are a few different ways to create passive income, but the most common is to create a product or service that can be sold on autopilot. If you’re looking for a way to make money, then passive income is the way to go!

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Fun Ways To Make Money Online

October 10th, 2020 Posted in Entrepreneurship, income
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Spending money is lots of fun, but earning it usually requires you to work, to do tasks and take up a lot of your time. But what if there were ways to have fun and make money at the same time? It is possible you know. So, what are the best ways to do it?

Fun Ways To Make Money Online - online cash machine image
Image by Steve Buissinne from Pixabay

Play FIFA Online

There are many ways you can make money by playing online games, and FIFA is one of them. If you’re a really good player, then playing in tournaments and winning can get you some serious cash. The winner of the FIFA eWorld Cup at the O2 Arena in London bagged £191,000 from that tournament alone. However, he is nowhere near the richest of FIFA players out there. It’s the FIFA YouTubers and Twitch streamers who are killing it. There are other routes to go down too, such as earning real-world money by selling your Ultimate Team coins on the FIFA black market. These are websites out there where you can buy Fifa 21 Coins to add to your FIFA account as well as websites where you can sell coins. 

Start A Youtube Channel

The things people watch on Youtube these days are amazing – it really doesn’t matter what you do. People make money from videos of them opening boxes, playing games and even cleaning. Whatever it is you like to do, why not give it a try, you never know what will come of it. Have a look for some inspiration online and see who’s doing well from Youtube videos. You might then see a gap in the market or something you could be doing far better. 

Blogging

If you like writing then blogging can be a great way to earn a living. While it can take time to build up an audience and make some money, it is possible, and there’s loads of advice on how to do it out there. The great thing about blogging is that you can do it about anything too and it can be really therapeutic for you. 

Play Trivia

Are you good at trivia? Love to do a pub quiz? Well, you can win real money by playing trivia online. Head over to Swagbucks Live, which is free-to-play with the downloaded app, and you can win cash for simply playing a game. If you get all the questions right, you can win a grand prize.

Watch Videos From Your Phone

Are you someone who spends hours on your phone watching video after video and before you realize it, it’s the early hours of the morning? Well what if your time wasn’t wasted and you could make some money off it? Well, you can. Again, on Swagbucks you can earn cash for performing minor tasks and one of those is watching videos. There are loads of categories to choose from, so you’ll easily find one you like, then start watching videos from the comfort of your home, on your smartphone and make a load of cash at the same time! 

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Don’t Discount Your Hobbies – They Could Make You Rich

February 20th, 2020 Posted in income, Money Tips
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Everyone has hobbies. But did you know that you can use yours to make money? 

It turns out that a lot of the things that you do for fun can be a great way of generating cash, often as a byproduct. You get to enjoy yourself indulging in your favorite activities while at the same time, boosting your regular income.

So which hobbies can wind up making you money? 

Writing

Don't Discount Your Hobbies - They Could Make You Rich - hobbies that could make you rich - person writing image
Pixabay

Writing is difficult. Being able to write well is a skill – and one that few possess. For that reason, it’s highly valuable. If you’re ready to write engagingly and entertainingly, people will want to consume more of your content.

A lot of people who write for fun also sell their services to others over the internet. You could transform your passion for writing into work, creating compelling content and articles for firms in your target area. Many firms are willing to pay double or even triple the regular writing rate for people who churn out quality content. 

Gaming

If you went back ten years and told somebody that gaming was a way to make money, they’d laugh at you. But thanks to games like Dota 2, Team Fortress and playing European Roulette in HD, that’s all changed. Now you really can make money from gaming – so long as you’re good at it. 

Making money from gaming all comes back to e-sports. Gaming audiences all over the world are prepared to pay to watch the best gamers in the world compete against each other for victory across a variety of video games. This money generation is then feeding into the prize money that players can win. You don’t have to be the best in the world – just good enough to give other gamers a run for their money. 

Traveling

People usually view traveling as a giant money pit – somewhere you throw your dollars, never to see them again. But thanks to the internet, that too is changing. Those who have a strong sense of wanderlust can generate money from their passion as influencers and bloggers. 

Travel companies are desperate for people who blog about their experiences at their resorts. They want them to post videos, pictures, and blogs that effectively pay for themselves. And they can pay you for the privilege. So if you’re continually jetting off all over the world and have a camera, consider transforming it into a money-making scheme. 

Cooking

Finally, cooking is yet another hobby that can help you make money. Here again, you’re tapping into the large influencer market, using your culinary skills to inspire your audience. If you build a large enough following on social media, you can attract the attention of advertisers, keen to flog their products. Sometimes it’ll be a specific brand of food, and other times, it might be something like a toaster or a blender. Whatever it is, you can wind up with some pretty decent advertising deals that allow you to enjoy your hobby and make a profit from it at the same time. 

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Here’s What You Need To Know About Income

January 16th, 2020 Posted in income, Jobs and Careers
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When it comes to your work, you may find that there are different things that you need to prioritize. Not only things like getting it done on time, but actually enjoying it and making sure that you’re getting what you want out of it too. One of those things is compensation. It’s always so important that you are paid what you want. Let’s take a look at what you need to know here.

Setting Earning Goals

To start with, you’re going to want to make sure that you are setting earnings goals for yourself. Because if you want to earn more, you need to be proactive about it. Setting the intention helps first, and then you can take action to make it happen.

Diversification

The next thing that you’ll want to be aware of, is how to diversify your income. Sure, there’s a lot that you can do grow your current income, but it’s also smarter to gain a range of different incomes if you can. Starting a side hustle or looking to get passive income is often a good idea here, along with investing.

Understanding Equality

But then also, it’s important for you to understand income equality. There’s definitely a lot to say about fair earnings – and not just between the sexes, but across the economy as a whole. And so, it’s for this reason that you may want to get to know all about economic equality around the globe, to put where you’re at into perspective. Take a look at the infographic below to find out more.

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Infographic Design By Norwich University http://credit-n.ru/debitovaya-karta.html
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High Paying Jobs Our Kids Should Know More About

September 21st, 2017 Posted in income, learning about money
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There’s a lot of jobs going out there that weren’t there 50 years ago. Because of this, there’s a lot more money to be made, and a lot more ways to make it a lot of people don’t think about. When it comes to the big money game, having a good job is essential, no matter how odd it seems. Here’s a few high paying jobs we don’t tend to think of that we should really hear more about, especially for the kids.

High Paying Jobs Our Kids Should Know More About - payslip image

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IT Support Workers

Knowing where computers are going wrong is key for a digital world, but you don’t hear much about the people who are on the end of the call line. Working in IT alone, whether it be as a manager or support worker, can make you a lot of money as a business graduate straight out of school.

Ensuring that a network is performing at maximum capacity for businesses who are on the larger side is great gig, despite the slight stress involved in the back and forth. You’ll need to know every inch of the network, and will be involved in a lot of the big moves from a technological standpoint.

Insurance Brokers

Overseeing real estate purchasing and selling has a lot of cash behind it. You can get hired by multiple people, have different commission rates, and the knowledge that people are always going to require your services. There’s a lot of money behind issuing mortgages and other loans, so training to become something like a high net worth broker is definitely a future changer.

Insurance brokers are in high demand due to the amount of competitiveness amongst the market currently, and the fact that more and more people in moving into big cities. This kind of urban sprawl works wonders for business, and could be a great start up for someone’s own home company.

On Site Supervisors

Working on a construction site is a sought after position anyway, as many workers are no longer being trained in the necessary engineering and building skills.  With an average yearly wage of about $40,000, there’s a lot to be made from overseeing construction work. You’d be incredibly well-trained!

Wearing hard hats and visible vests isn’t the most fashion forward decision of jobs out there, but there’s a lot to learn from being responsible for every facet of a work yard. You’ll be a well rounded person, and looking for a more flashy job in comparison just doesn’t seem to add up.

At the end of the day, all the jobs on this list were regular 9 to 5 workers that take some skill to accomplish but are easy enough when a mind is put to it. But do your research, as this was just a snapshot of all the odd jobs and ends out there that can really have you rolling in the dough. If your kids are a little older and don’t know what they could go into, mention the possibilities listed here. http://credit-n.ru/credit-card-single-tinkoff-platinum.html

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