are there any ways to augment your active income?
By neh357
@neh357 (173)
Philippines
May 9, 2010 3:39pm CST
I have been reading self help books and from what i have learned, we should not rely on our active income and should have a passive income? passive income comes is the kind of income that even though you do not dedicate your time and skills, you will earn. have you had any other ways to augment your present income? given the fact that there are so many things you want to do with your life, have you ever think of not working but with money in your pocket? i dont know how will i do that,. im just getting tired of my minimun pay,.
3 responses
@maikeruk (405)
• Germany
9 May 10
well there are many ways to generate passive income but is a matter of a lot of planning like a good multimodal business or a website and even those you have to dedicate some time, of course not so much as a real work but everything need some time or it suffer of entropy and get lost.
is a difficult thing but if you get good ideas of a book you should try them
@neh357 (173)
• Philippines
10 May 10
What i mean in a passive income is, you do not get to work. You are sleeping and yet, your money is pouring in. For example, time deposits. You earn interest without doing anything. You are just parking your money and yet it earns something. The only problem here is, you pay taxes. Another one is real estate, you can perform your due diligence to buy and hold properties. I just dont have a budget to do that. For now, I Only monitor my time deposit rates.
@mlynch43 (13)
• United States
10 May 10
Freelance writing can lead to a nice passive income if you write quality articles and build up a following. Some site will allow you to write about a product and include affiliate links in the article which could lead to sales and commissions. The nice thing about this is, once it is written you are done and it will continue to earn money you month after month.
@atv818 (1980)
• United Arab Emirates
10 May 10
I understand how you feel. I used to work in a bank in Makati for 14 years. Resigned now and currently earns online at home for 2 hours a day on weekdays and 12 hours a day on weekend. This is a combination of active and passive earnings. You only work and earn as much as you want. More hours or less, it's all up to you. You can do this part time since you have full-time work. Very easy and makes your pocket happy with earnings coming in. Should you need more information, feel free to PM me and I'll be more than happy to show you how to get result you want.
@cobrayogesh (174)
• India
10 May 10
passive income in the sense you make money while you sleep try to write articles on triond.com you may not be successful in the strart but money will pour if u have one good article and if i find anything more in the future i ll tell..try freelancer.com for some freelancing works and limeexchange.com
@neh357 (173)
• Philippines
10 May 10
It so hard to earn and enjoy here in the Philippines. That is why we need to have at least another source of income besides our jobs. Currently, I am looking for an extra online job. So to maximize my internet use. How possible is that? Are those income of yours require degree?
@ethanonthemoon (1494)
• Quezon, Philippines
10 May 10
You can get passive income in the stock market. Why not buy some stocks in companies you think will earn more in the future? If you will try the stocks, make sure that you choose companies that are in the business for many years now, branded names or company names that are known and those businesses that have products you use.
By doing stocks, your money can earn even when you are sleeping. Even if you are working in a regular job, your stock will earn.
@neh357 (173)
• Philippines
13 May 10
I agree, stock market can double investments in a day. I am thinking of buying stocks but I have no idea how much those stocks costs. Do you have an idea?
What if the stocks will slow down in just a minute? Some of the books I have read said that if you take risk for breakfast, then stock market is for you,.
I am just a moderate investor, so I am looking for alternatives. Do you have investments in stocks?
