The world is changing and people are making hell of money but still you don't know what it takes to call yourself rich. As we all know that a single source of income can't afford all the glitters. Glitters like vertical doors , sexy exclusive mobile phones and relaxing holiday trips.
Before moving forward please have a glance over the quote mentioned below:-
"One thing that can make you billionaire overnight is nothing but a scam" so please stop dreaming that you'll be rich without making an effort. Start investing in profit making assets, in other words try to make passive sources of income as much as it possible.
Active vs Passive income.
One who is skilled and doing 9 to 5 * 5-6 days may earn more, but while he/she stops working- his/her income stops. This is the definition of active income. Passive income :- which keeps coming, doesn't matter you're working or not.This is the power of passive income which makes the money work for you even while you are not active for it. Here we have some best of the best ways for opting a passive income career.
1). Life insurance agent:- Yes this is it, you can be a life insurance agent, sell a policy across to someone and you'll have about 10-15 percent of every premium paid by the customer.
2). Renting a property :- In case you have a spare property and you want to rent it out. Go ahead for it but remember one thing that while you are about to rent a property, calculate the expenses which may occur during its span of being rental.
Calculate its properties like depreciation, rate of return of property and maintenance charges, etc.
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3). Invest into MLM :- Terms like Multi level marketing , Pyramid scheme or chain system has became a scam nowadays but there are many loyal players into this business who might help you to build a pillar of passive income.
4). Invest into SIP :- Systematic investment plan has become most iconic investment nowadays. An investment which gives you 20-25% interest on your investment and came up with an incredible power of "compound interest".
Said by William shakespeare " compound interest is the 8th wonder of the world " , Yes indeed.
5). Become an affiliate :- Shopping websites are hiring affiliates to make a J curve into their business and you can be a part of the same. Start advertising products on your social media profiles to earn 2-10% of commission on every unit.
6). Be a blog writer :- See what is trending and start writing for it. Trust me you'll see enormous results soon.
7). Referral payout :- connect with HR agencies throughout the world and nourish them by providing an excellent quality of workforce. on the contrary, they will fill your pocket with a decent amount of commission.
Friends this is it, I'll come back with some interesting blogs. keep supporting, keep subscribing.
Love
Dhiraj