Interested in investing but have a shoestring budget to work with? You can begin investing even if you have a small nest egg to start off with. Not everyone can manage to begin investing with large sums of money. Rising living expenses, escalating rents and property costs can make it difficult- if not […]
Good at writing? Earn money from writing E-books! E-Books are a good way to earn passive income. The word ‘E-book’ stands for electronic book. E-books are available on a number of popular websites and you can read them with the help of what is called a ‘Kindle’ or E-reader. E-books are extremely popular […]
Although it’s common to hear the two phrases ‘financial freedom’ and financial independence’ used interchangeably, they do not mean the exact same things. The two ideas are interlinked but involve subtle differences in interpretation. If you’re interested in working towards building passive wealth, it’s important to understand the meaning of each concept. What […]
Are you a shutterbug with an eye for aesthetics? Photography can earn you a passive income. If you are passionate about photography, you can look forward to making some serious money out of your favourite hobby. Possessing skill or talent in a field is an important prerequisite to earning a passive income. […]
‘In order to achieve financial independence, your passive income must exceed your expenses’ Robert Kiyosaki, author of best-selling book ‘Rich Dad Poor Dad’. With rising expenses and escalating living costs, it is no longer enough to have only one source of income to rely on. Passive income is particularly important because it generates […]
‘The trouble with the rat race is that even if you win, you are still a rat!’ Lily Tomlin The tedious struggle to buy a home, put your children through school and save for retirement can turn into a relentless nightmare. You may have reached a point where you are heartily tired of […]
Most people believe that in order to make money, you already need money. This is one of the most glaring misconceptions regarding wealth. If you read the biographies of JK Rowling, Richard Branson or Ken Wills, you will find one thing in common with all them: None of them had big money to […]
If you are interested in investing but don’t want to risk large amounts of money until you’ve learnt the ropes, penny stocks might be an option to consider. Here is a quick guide to penny stocks: What are Penny Stocks and how do they work? Penny stocks are low-cost and small-cap stocks. Although […]
Thinking of investing in the stock market? This brief introduction to stock market investing will help you learn the ropes. What exactly are stocks? Companies owners often seek shareholders or stockholders when they wish to float (set up) a new company or expand an existing one. The words ‘stocks’ and ‘shares’ mean […]
Although the two terms are often used somewhat synonymously, there are significant differences between the two. While there are similarities between the two, there are also several points of difference. We investigate what they each mean: What is the difference between Passive Income and Residual income? Passive income is defined as inactive […]