Wouldn’t it be nice if you’re currently working and at the same time earning some extra cash on the side? I believe most of us here would love to have that. But the question is how? I know that working everyday is extremely hard, specially if you have to wake up early, prepare the foods for your kids (if you have any), do household chores, wash the car and so on and so forth. This alone will consume a lot of your time, isn’t?
But wait, have you heard of passive income? Ok. Let me define what passive income is, this is according to dictionary.com; Passive Income are Earnings an individual derives from a rental property, limited partnership, or other enterprise in which he or she is not actively involved.
I myself is currently working. I find it difficult to find time to look for other sources of income because most of my time is being consumed by traveling alone. I have to travel at least 4 to 5 hours back and forth from my home to work and then working for 9 hours. If you sum it up at least 14-15 hours is being taken away from me everyday.
What inspire me to take action is after reading the book made by Mr. Robert Kiyosaki; Rich Dad, Poor Dad. I already knew the book 4 years ago but it was late last year that I got the chance to read it. I strongly recommend to buy his book.
Anyway, I have compiled some potential sources of income while we are still engage in our work. This may require you some investments, and risk factor is involve.
Sources of Income:
A. Mutual Fund
A mutual fund is a form of collective investment that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities. In a mutual fund, the fund manager trades the fund’s underlying securities, realizing capital gains or losses, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value per share (NAV), is calculated daily based on the total value of the fund divided by the number of shares currently issued and outstanding. Source: wikipedia.com
I have yet to try this, but based on what I read regarding Mutual Funds specifically Balance funds, they offer a low-risk more to gain investment where you can put your money in the stock market. From what I understand, It acts like a bank deposit that gains interest over time. Typically a balance fund earns at least 8-9% per annum which is much better compare to a regular bank deposit. Please check within your locality on how you can go about it. I’ll be providing information as soon as I sign up.
B. Network Marketing
Yes. I recommend having a network as well. The growth is exponential and the income is unlimited. You can have your own business with a minimal and a low-risk investment and then the company will provide you the rest. All you need to do is market the product in anyway you want. You may not be able to notice it but nowadays big companies like Coke, Google, Nike are doing network marketing. I know that there are some bad apples in this kind of business but it is just a matter of finding a good company that will fit your personality. I have joined a network marketing before and was able to get my investment back in 2 weeks and started earning from it. Too bad, it didn’t push through because most feedback that I get is that the product is only applicable to the elites and not for the masses. Right now, I am currently checking this company that has a potential of making it big in this kind of business. I’ll keep you posted whether I’ll sign up or not.
Tried and tested. Franchising is a very successful and effective way of making money. As the saying goes, Sit back and relax. You have a system here in which slight supervision is required. You can see how big companies like Mcdonalds and the likes was able to benefit from it as well as their franchiser. We may not be able to afford their huge franchising fee, but there are small and start-up companies offering the same concept at a minimal cost. We are now on our way of having a food franchise early next month and I’ll show you the details soon.
Just look at their websites.
johnchow.com, problogger.net, carlocab.com, selaplana.com and many more…
They offer ways on how we can monetize a blog or website and generate income every month.
Oh well, that’s all for now. Next time I’ll show you how much I am getting from our Internet Cafe.