Both active and passive forms of income are earned money. The only difference between them is that active income involves your ‘active’ participation (and your time) while passive income continues to generate itself even after you stop investing your time. There are advantages and disadvantages associated with each type: Active Income Although […]
Do you feel tired and low after days of relentless, exhausting work? Are you interested in reducing reliance on a single source of income? If the answer to the above questions is in the affirmative, you might want to explore alternative avenues of income generation. When we use the popular euphemism ‘9 to […]
Passive income refers to income that you are able to earn without being actively involved in the process. Passive income streams do not always require high start-up costs. Here are 5 practical, useful ideas to earn a passive income with low start-up costs: Creating your own Website Creating a website of your […]
Are you interested in earning some extra income while investing minimal effort and time? It’s possible to earn a passive income using innovative strategies and ideas. Here are 5 secrets to creating a passive income: Look for Better Interest Rates on your Savings If you have invested your money in deposits or […]
If you are able to sell useful services to other people (with a minimal investment of time and effort) you can make a significant amount of money. Here are a few examples of how to earn passive income: Create an information blog A blog is essentially a website that gives information about […]
There are several ways to generate passive income. Here’s a quick look at how to create a passive income from investing money in dividend paying stocks. What are Stocks? If you buy stocks, you are in effect investing in the company and are a part owner (shareholder). It follows that the higher […]
Have you written a book? Have you written a song or piece of music? Royalties are an excellent means of earning money from your talent or skill. Famous writers, musicians and singers become millionaires thanks to impressive royalty payments. What exactly are Royalties? A royalty is paid for a patented or […]
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. […]