It’s common for most youngsters to feel shocked when asked to think about retirement. Once they complete their graduation and find a good job, they usually feel that life’s responsibilities are over. While it may seem strange to think of your retirement during your twenties or even thirties, you can enjoy the prospect […]
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 […]
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 […]
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 […]
Would you like to make money even while you sleep? Wouldn’t it be nice we continued to earn money even if we were watching TV? What is Residual Income? Residual income is income that you earn even when you don’t work. Your salary pays you an income that is proportion to the […]