How to create additional sources of income. How to create passive income from scratch? Proven ways to gain financial independence. Invest in dividend stocks

When a person is looking for a new, but proven and reliable way of gaining financial independence, he often gets banal advice - to find a job with a higher salary or get a temporary part-time job. But what if there is not a drop of strength, not a second of time, or not an ounce of desire for this? In this case, it is best to create a source of passive income, since it is thanks to it that you can earn extra money without spending a lot of time and effort on it. That is why the type of earnings on liabilities attracts more and more enthusiasts every year.

What can be called passive income

Passive, residual or non-linear is income that does not depend on daily activities and does not require constant monitoring. These include dividends, payments on deposits, payments for authorship, money received from renting property or monthly payments from the state for certain achievements in science or art.

The source of passive income is always an asset that has value for other people. As a rule, this is money, knowledge or property. Less commonly, an asset can be belonging to a particular social group of people:

war victims are paid reparations;
members of royal families in the UK, UAE, Switzerland and Denmark are supported by the state;
Alaska residents receive a huge rent for the use of the natural resources of the peninsula.

All these are sources of passive income, because their beneficiaries (beneficiaries) do nothing or almost nothing to receive money.

Types of passive income

Based on what source is used, passive income is conventionally divided into four types: investment, marketing, legal and intellectual.

Investment

Investment or financial sources are created when cash (asset) is invested in various financial instruments:

stocks and bonds;
real estate (resale, rent);
someone else's business;
deposits;
PAMM accounts, mutual funds;
highly profitable projects.

These projects bring passive income to their investors:

Marketing

It occurs when creating, replicating and selling a marketing asset - a brand or a system.

A marketing system is a collection of solutions used to accomplish a specific task. For example, positioning in advertising, knowledge reactor in forecasting, franchising in business.

Personal brand is the reputation of a specific person, group of people, object or legal entity that can be used to achieve commercial goals. For example, the name of a show business star (T-shirts with the image of Bob Marley) or sports (Michael Jordan sneakers by Nike), the name of a cartoon (Prostokvashino milk) or a trade mark (Ferrari blazers).

Types of marketing sources of passive income:

personal website on the Internet;
companies that use your brand commercially;
own marketing system for solving any problem.

Legal

This is a type of passive income that some people can legally receive from others or from the government. The most famous example is a pension. But he's not the only one. They also receive money in the form:

subsidies and benefits;
maternity capital;
reparations;
payments for obtaining a scientific title;
assimilation payments (money received by immigrants in the European Union, Great Britain, USA).

Intellectual

It arises when creating an intellectual product and further monetization. A vivid example of the sounded type of earnings is info-business: and then their subsequent replication and implementation.

You can make money on intellectual property through:

technology and image patents;
instructions, video guides, technical manuals;
royalties for sold songs, books, movie roles or slogans.

Sources of passive income + examples

There are many sources for the realization of passive income, and all assume the presence or creation of an initial asset, which will bring profit in the future. It is impossible to make money without such an asset!

Investment

Investing money in financial instruments (sources) is the easiest type of passive income to enter. Its essence is that a person who wants to make money on investments must invest a certain amount somewhere in order to then profit from this. The form of such an investment can be: stocks, securities, startups, bank deposits. In this case, income will be paid in the form of dividends or interest payments.

You can also invest in such sources as mutual funds, PAMM accounts, high-yield projects or certain segments of the economy of a country and earn much more money. However, at the same time there is a risk of "going into the red" or even losing all invested funds.

Advantages of investment sources of passive income:

ease of entry and availability;
big profits;
some type of investment has government guarantees;
as a rule, they can be sold quickly and easily, with the exception of a separate part of the sources.

Flaws:

big profit - big risk;
there is no way to influence profitability;
too large a choice of possible investment objects;
without, investing will turn into a gamble.

Internet

Everyone is capable of making money on the Internet, since all that is needed for this is basic knowledge of marketing and a computer with access to the World Wide Web. At the same time, the selected type of passive earnings can be created from absolute zero, if only there is free time and a desire to learn.

You can make money on the Internet in the following ways:

By purchasing a site that is already generating passive income. The cost of such a site is usually equal to the monthly profit it brings multiplied by 24 (2 years). That is, if the site brings in $ 100 per month, then it will cost $ 2.4 thousand. But it is worth noting that the process of reselling sites is often highly individual.
By creating your own web portal and placing advertisements on the pages. In this case, it will take time to create a site, fill it in and promote it. It will take 6 months to 2 years of intensive work to reach the level of $ 500-1000 per month. Then the site can be left as it is - the profit will decrease, continue to develop - the profit will increase, given under the management of third parties - the income will increase, but not very much, everything is simple.
Opening your. You can put anything on display to the public - from analytical reviews to records of book readings.

Regarding the latter, this is the easiest way to make big money on the Internet. This source of passive income is perfect for everyone: designers, plumbers, makeup artists, carpenters, auto repairers, computer technicians, or anyone with access to popular gadgets (salespeople, warehouse workers, repairmen). Because these people can create content for their channel without being distracted from their main work.

Pros of Internet sources of passive income:

minimum investment;
availability.

Flaws:

big competition;
there are great risks of failure with the wrong approach.

Rent

This source is not available to everyone, since it can only be earned if there is a property that is relevant to the market. For example, real estate in the desired city, a car or modern household appliances. You can also make money by renting out clothes.

Examples of the amount of rent in Moscow:

middle class cars - 6 thousand rubles for 3 days;
rent of an ordinary refrigerator - 3-5 thousand rubles per month;
PS4 console - 500 rubles for 5 days.

What is important to know when renting out property:

Costs should be counted correctly. Payment for "communal services", repairs, insurance and theft are the costs of the lessor, unless otherwise stated in the lease agreement.
Risk insurance. It is done at the expense of insurance companies or through advance payments and an agreement on compensation for losses, if they are caused through the fault of the tenant.
Law. The annuity is tax deductible.
Trust but verify. You cannot give your property to everyone. It is necessary to check clients at least by passport and telephone.

Pros of rent:

big profit if the property is up-to-date;
simplicity.

Flaws:

loss of property is possible;
large investments are needed if there is no free movable or immovable property.

Someone else's business

It is about making money on someone else's business as an equity participant, direct investor or new owner. With this type of passive earnings, the share participant becomes a co-owner of someone else's business, the investor gets the right to only a part of his income (not always), and the new owner simply buys the company without changing management.

The advantages of this type of income:

potentially large profits;
the opportunity to become the owner of physical property;
there is an opportunity to find out the financial indicators of the subject of investment;
you can get a guarantee in the form of a pledge.

Flaws:

the amount of income depends on third parties - managers;
big risks of losing money when investing in a newly created business.

MLM or network marketing

If you need to create a source of passive income in network marketing, then you need to make money not by selling goods or services, but by attracting sales agents (distributors, referrals) and those who will do the same as you. At the same time, you need to understand that this type of earnings is based solely on the communicative abilities of a person and his appearance. Because without this it will be very, very difficult to attract "followers".

The approximate size of profits in this type of earnings:

coordinators working at Avon receive 10-50 thousand rubles, with about 10 thousand referrals;
Desheli representatives receive about 5 thousand rubles a month with 2-3 thousand referrals;
bank agent coordinators receive 10-25 thousand rubles with 300-500 referrals.

There is only one advantage of network marketing - any housewife can make money on this type of passive income. Among its shortcomings, one can single out the duration of the ascent to the highest steps of the network pyramid and very small fees at the start.

Intellectual product

For this type of income, you need to create some kind of intellectual product (book, song, technology, image) and patent it, after which it can be replicated and monetized. At the same time, it is not enough to create at least something, you need a product that people will like so much that they will want to buy it, since only in this case you will receive royalties.

For example, we can say that:

authors of average novels of 250 pages can earn 20-200 thousand rubles;
you can not earn anything on a technology patent, but you can become a billionaire overnight;
the cost of the lyrics for a song varies from 300 rubles to many hundreds of thousands of rubles (for hits);
on infobusiness you can easily earn 20-500 thousand rubles a month.

The disadvantages of this type of earnings are obvious - a lot of competition and small chances of success. Pros - by creating something unique and relevant, you can receive passive income for several decades.

State

In many states, there are certain categories of citizens who receive payments from the state budget as a monthly (annual) income. As a rule, these are financial obligations to retirees and people with disabilities. However, there are other types of such obligations:

benefits to the poor (USA, EU) - $ 500 per month;
citizens living in unclaimed territories (Alaska, Detroit, Italy) - $ 1,500-3,000 per month per person;
parents (guardians) for raising children (Russia, Spain, Czech Republic, Japan) - 100-1500 euros;
unemployed (experiment in Finland) - 560 euros.

This is only a small part of the payments that governments make "just like that." If you want to know if you can make money on such payments, you will have to read the Civil Code or seek legal advice. I would like to note that the government thoroughly approaches the verification of the issue of cash payments and it will not be possible to get the desired income on empty grounds, unlike the other methods listed above.

Summary

The famous Robert Kiyosaki in his book about financial literacy "Rich Dad Poor Dad" gave a very correct definition of wealth: "Rich is not the one who has a lot of money and real estate, but the one who can live happily ever after without working." In practice, this definition means that if you intend to make a lot of money without spending most of your time and effort on it, create sources of passive profit. This is the only path to real wealth.

Get rich, live brightly and see you on the site!

What is personal income

Personal income - This is the income of individuals in kind and in cash, obtained from wages and additional sources, used to ensure a certain standard of living. It sounds more complicated than it really is. In fact, personal income is all the money and products you receive.

Personal income has five functions:

Stimulating.
Status.
Regulatory.
Production.
Reproductive.

Briefly, the function of personal income can be reduced to one sentence:

Income should motivate a person to perform certain actions.

For the average person, personal income reflects his well-being and the conditions in which he can live. The higher the personal income, the higher the welfare and the better the conditions. Therefore, many seek to increase their personal income in a variety of ways.

Now let's move on to what types of personal income are and how to determine personal income.

Types of personal income

In total we can highlight 3 different types of personal income.

Nominal personal income(personal income received) - the amount of profit that you received from all activities. It does not include taxes and mandatory costs. In fact, personal income is what we get our hands on. Taxes are paid from it, personal finances are formed from it.

Disposable personal income(personal income used) - the amount that you can actually use. This is nominal income - taxes and all mandatory payments. This also includes the cost of utilities, rental housing, etc.

Real personal income- disposable personal income adjusted for inflation. It is needed when we calculate fixed payments for a long period of time. Let's give an example: you will receive 30,000 rubles in your hands for 3 years. After deducting taxes and compulsory expenses, you will receive 10,000 rubles, which you can have. If inflation per year is 6%, then in the second year you will receive a real income of 9,400 rubles, and in the third - 9,050 rubles.

A simple formula for finding real personal income is as follows:

Real personal income is equal to: disposable personal income - inflation index.

There is another classification of personal income: wages and salaries... Personal earnings are the payment for our work. It includes: salary + bonuses, service fees, etc.

The unemployed are all we get without making any effort. This can be pensions, social benefits, stock dividends, interest on contributions, rent for your rental housing, etc.

Sources of personal income

There can be many sources of income. Let's take a look at the most common ones:

Wage.
Bonuses, vacation pay, sick leave.
Allowances (by coefficients for hazardous work, processing, etc.).
Social payments.
Business income.
Profit from owning property (rent).
Interest on loans issued.
Prizes won.
Other personal income.

As you can see, there are more sources of personal income than we are used to thinking. This is what is important to consider when drawing up a financial plan and developing various options for increasing your own income.

Personal income taxes

The main tax that all individuals face is. It is closely related to the concept of personal income. In our country, all sources of personal income are taxable.

For major sources of personal income, a rate of 13% is used. This should be taken into account when calculating your disposable and real income. The 35% rate is used for various winnings in lotteries, contests, etc.

Now let's move on to the more practical part. There is a very simple recipe for how to have more money. It consists of just 5 tips.

Council number 1. Invest in your development.

A lot of books on business boil down to one simple piece of advice - your investment in yourself pays off much better than any other. And there is a pretty simple logic behind this. The more you know - the more qualified you are and the more money you can get.

Personal effectiveness directly depends on how much you know and can do. By improving your skills and abilities in a specific area, you become a more in-demand specialist. At the same time, you need to understand that you most likely do not want to work in the same position all your life. Every person wants change, and self-development is the key to such changes.

And this applies not only to professional development. Personal growth allows you to improve, discover something new, interesting and unknown in yourself.

Tip # 2. Improve your professional skills.

The first step to your own development is to study your field of activity, including ways to expand it. You can be a mediocre programmer and get 30-40 thousand rubles a month. Or you can become one of the best in your field and receive 300 - 400 thousand rubles for one project.

But in order to become the best and enter the TOP specialists, you need to spend time and effort. And it is not a fact that you will become one of the best in your field. More often than not, this is not necessary. Just expand your possibilities. Each position has several skills, "pumping" which you will get more.

Even if you work in an office and “shift pieces of paper from pile A to pile B,” you still have room to grow. You can study:

Sales.
Psychology.
Marketing.
Automation of work processes.
And many other related areas.

If a client comes to you, you can advise him. If you know psychology, you can build relationships with the team. Knowing marketing will allow you to understand why you need to shift papers and how you can improve this process for your business. And automation will allow you to make sure that the pieces of paper are shifted by themselves.

You will become a multidisciplinary professional, and the likelihood that you will get a better position and a salary increase will be much higher. Much more often, the heads of departments are not those people who have worked for 10 years in one position. They are those who know how to go beyond their instructions.

Tip # 3. Learn to “sell” yourself.

What a specialist cannot do without is the ability to “sell” oneself and one's skills. If you can't explain to the head of the company why you need to be hired, you don't know how to sell yourself. If you can't explain to the client why your site will be able to bring them clients, you don't know how to sell your services.

Sales skills are among the most important in today's society. It is important for everyone to know how you can benefit an employer or client. Look at info business people and different coaches. Without the ability to sell themselves, they would not have been able to achieve anything. Most of them don't even know the business at the level that their clients do. But these trainers know how to sell themselves and their services.

Look at the studio of Artemy Lebedev. Do you think people are pla Do they just give it to him for making cool logos? No, this is the design team. They pay for what they buy from Lebedev. This is his brand.

Every person has your personal brand.

Selling yourself is the ability to develop your personal brand.

Tip # 4. Create passive income.

Now let's move on to more monetary things. The formation of passive income is what every businessman strives for.

"Money must bring money."

Even bank rates allow you a little, unlike a situation where you just keep the amount on the card. Inflation will quickly eat up the lion's share of your savings. Therefore, the ability to competently is one of the most profitable.

Most an easy way to save up a large amount- just put aside 10-15% of your salary in a bank deposit every month. You will not need to deal with stock exchanges, buy shares in a business, etc. Without experience, you risk losing money, and your own savings is a much less risky business.

If your salary is 30,000 rubles, then putting aside 3,000 rubles a month, you will receive 37,500 rubles at the end of the year at 8% per annum. In two - 78,000 rubles, in five - 220 thousand rubles. This is enough to start a small business. And if you wisely invest in securities or business, then the annual income will increase by 20-50%, which will give you huge profits in the future.

Tip # 5. Control your costs.

You can often find examples when people who sit in an office for 20 - 25 tr. per month, they buy what, in general, does not correspond to their income. Expensive cars on credit, apartments on mortgages and various gadgets that cost 2 times more than they receive a month. From this, loans, debts grow and life continues without free funds.

Spending on what we cannot afford, we may at one moment be left without everything, but with a lot of debts. That is why it is worth comparing income with expenses.

Controlling costs does not mean reducing them. You should be clearly aware that now, at this moment in time, you can spend N money on this and that. And when you increase your income, you will be able to spend much more on the same thing.

If you follow these 5 simple tips, then you can increase your real personal income.

5 mistakes people make when increasing their personal income

We have prepared the 5 most common financial mistakes for you. Some of them follow from the previous tips, but we will analyze them in more detail anyway.

Mistake 1. Obsession at work.

As we have already found out, personal income includes not only wages, but also additional income that you can receive from any activity. In order not only to survive, but to live a full life, you will need to find additional or alternative sources of income. Formation of personal income only from wages and bonuses is the way to live without money.

If you like what you are doing, this is definitely great. But that's not what we're talking about here. Obsession with work is when you only have one source of income. There are no alternatives. And to increase your personal income, you need to create passive ones.

While working in the main position, you can do, tutoring, consulting. Or, maybe, in the role of yours, in general, there will be savings. This is not so important. The main thing is that you have not one source of income, but several. And as you develop, there should either be more of them, or they should make more money.

Error 2. Lack of an airbag.

Let's break it down with two trivial examples.

Example one: you are an office worker who wants to be a professional designer. In your studio, you are paid an average salary, but you want to go free sailing. You will have approximately 2 - 3 months to adapt to your new position.

This means that you need a financial cushion of 2 - 3 of your monthly salary. If you have it: you continue to work in the firm, gradually build your hand in the field of design, and after a month calmly leave, having gained minimal experience. If you have no savings: you work hard for 2 - 3 months with a minimum investment of time on specialized literature and search for clients, then stop yourself saying that the office is not so bad and stay.

Second example more down to earth. You are a taxi driver, you have a bad credit history and your car has broken down and will have to be repaired. If you have an airbag, you go to the service on the same day, a week later your car is repaired, you continue to work. If you don't have it: you run around the banks, you are denied loans, you lose a lot of money for 2 - 3 weeks. After someone gives you a loan, you pay for the repairs, and you end up losing almost a month of work.

The airbag empowers you to make informed decisions that take money and time to implement, or reduces costs, as in the second example.

Mistake 3. Lack of a financial plan.

Financial plan Is a very important thing, especially when it comes to long-term savings. In a nutshell, the essence of the financial plan will be something like this: this is a calendar of income and expenses. Financially, you clearly state what big expenses you agree to, where the money will come from and how this will affect your income.

It doesn't matter if you're looking to start a business or just want to go on vacation. A financial plan is the perfect tool for planning income and expenses. Of course, nothing can be predicted, but a person with a plan is in a more advantageous position than a person without it. The increase in personal income is directly related to planning.

Mistake 4. Late formation of savings.

We start to think about what will happen in old age when we are at least 40 years old. Until that time, life is still rosy, we think that we will always work, health will allow us to earn. But this is not the case. It is better to take care of your financial savings from a conscious age.

Let's analyze this using the example we mentioned when we gave advice on the formation of passive income. Your salary at 20 years old is 30,000 rubles and, let's say, it will always remain at this level. If you save 3 thousand rubles every month, then at 60 you will have almost 20,000,000 million rubles in your bank account. This is at 8% per annum, taking into account capitalization.

Mistake 5. Life on credit.

This is probably the most important economic problem for modern Russia. Our country often finds itself in various crises. If developed countries face financial difficulties once every 20 - 30 years, then over the past 10 we have faced two. The world crisis - in 2008 and the Russian - in 2014. And precisely due to the fact that crises in the country happen very often, the real well-being of people does not increase, and sometimes even falls.

And then, when the crises end, people begin to collect completely unnecessary goods on credit in order to quickly spend the money they earned.

A striking example: 2009 - 2010, when car dealerships in Russia simply enriched themselves. Immediately after overcoming the crisis, people, in a hurry to spend the money they earned, took a car on credit. The monthly salary of a sales manager then could be 150-200 thousand rubles.

About 2/3 of the population of Russia has at least one outstanding loan, and slightly less than a third - more than three. This is a really big figure. Remember the main law of investment? "Money must bring money." And here the opposite is true. Money takes money away from you, and it’s wrong. Here we are, of course, talking about consumer loans. Mortgages and business loans are often necessary.

A simple conclusion follows from this:

- acceptable cost if there are no other options. But a phone on credit is a pointless waste.

Conclusion

How to work with personal income is everyone's business. But if you want to improve your standard of living, then you should seriously think about getting more money. If you follow all the tips in this article and do not make common mistakes, you will very soon begin to notice pleasant changes. You will receive more money, control your costs, and you will be able to afford much more.

Personal income is the main factor that affects how you live.

This article will focus on the question of what multiple sources of income are for and how they can be created.

One salary is not enough

If the main sources of income are only salaries, then this is a rather unstable financial situation. This is especially true if the next financial crisis is traced outside the window.

This issue becomes important if these sources of income overlap due to the loss of a job, and the family needs to be fed, and there are other financial obligations (for example, a bank loan). In this case, the option of earning money elsewhere will also help.

Therefore, in the thematic literature, you can find the interpretation of such a concept as multiple sources of income. It is the creation of such that will contribute to the formation of real financial freedom. Especially if such sources of income generation are passive. In other words, it is the profit that a person receives, regardless of whether he is working or resting.

Passive sources of income

So, what is it and by what criteria they can be assessed:

1. Starting your own business. This is an activity that does not require special involvement in the functioning process, but will require a lot of attention at the initial stage.

2. Income from rented real estate. This can be personal property both in Russia and abroad. Such sources of family income are fairly stable. At the first stage, it is advisable to have such a property abroad.

3. Copyright - quite interesting sources of income generated by various printed or audio, video materials, as well as inventions created by yourself. The source of such earnings is the receipt of royalties.

4. Bank deposit, which is the most common source of additional income. It is formed by investing a certain amount of money in a bank at interest, which is a passive type of earnings.

In what order is it better to generate income

If today there is only one type of income in the family, then experts recommend adding others gradually.

Multiple sources of income: creating them

For the successful implementation of their achievements and developments in order to obtain in the future, it is necessary to draw up a certain algorithm of actions:

The direction of activity is selected in which it is planned to create a source of income;

A specific plan for its formation is drawn up;

This plan is being implemented.

Other sources of income

In addition to passive ones, there are also such sources of income as:

Work award;

Compensation and compensation for damage;

Scholarship;

Alimony.

Income and expenses

Provided that the family receives a regular income, it has the opportunity to plan an appropriate level of expenses. However, often, when distributing expenses for future monthly payments, you can find the need for additional payments. Thus, additional financial plans may appear.

It is quite another matter when it comes to irregular earnings. In this case, it is more difficult to plan the sources of income and expenses, since the size of such an average family budget for the previous year and the moment concerning the expected minimum amount per month remain uncertain.

An important issue for the budget of any family is planning it in accordance with the minimum size of the source of income. And in the event of a surplus, it will already be possible to send them to cover additional needs.

Security of sources of income

In this case, it is necessary to repeat once again about the need for a family, in addition to the main source of income, also additional ones. For example, if a family member receives only social benefits, there is a possibility of changes in the current legislation, which will lead to the loss of their status as a citizen who meets the specific criteria for receiving such benefits.

The best option is that all able-bodied family members work. At the same time, they should have different places of work, so that in the event of any reorganization at the enterprise, the family will not be left without earnings. Household income depends on a large number of factors, but effective planning will enhance the effect of income growth with its distribution among sources.

Additional source of income

Accidental expenses are:

Major and current repairs;

Equipment purchase;

Expenses for examination and illness.

There are also so-called "unwanted" expenses, consisting of:

Fines and penalties;

Various compensations (for example, renovation of the housing of neighbors flooded with water);

Interest for unpaid obligations on time.

Summing up the material presented in this article, it should be noted that drawing up a family budget is an integral part of any "social unit". Only through effective planning can a family exist at a sufficient financial level.

We all dream of getting paid and doing nothing. Imagine this. You are sitting by the pool with a glass of freshly squeezed orange juice. The idea that you need to visit another sunny country creeps in your thoughts. And at this time, every minute there is more and more money in your financial account. Unfortunately, only a few take any steps to make their dreams come true. Creating passive income is not entirely difficult, but the result of such actions gives you a completely different life. I would like to tell you about 5 simple steps that will give you the opportunity to create passive income.

Step 1. A burning desire to change your life.

First of all, you must develop inside yourself a burning desire to be free, to do whatever you want, to be with those people who understand and love you. In order for the desire to create passive income to become even greater, imagine how you are reluctant to go to your unloved job every morning, where you obey your boss, fulfill his stupid wishes, you constantly have to stay late. Do you want another? So angry at this situation and say that you will do everything to get passive income and do whatever your heart desires. And to maintain your "burning" desire, you have to compare the situation that you have at the moment and imagine the "life of your dreams" every day. So we figured out what needs to be done at the very beginning of the path to creating passive income.

Step 2. Change the mindset of the poor person to the mindset of the rich.

Try to answer one question: "Why do you have only your 20,000 rubles of monthly salary from your income?" The answer is simple. You have a poor man's mindset. You don't see any other way to get money besides being employed. You have a lot of fears in your head so that money can come to you in large quantities. As a result, a boring, dull, ordinary life of an ordinary resident of Russia. And I am sure that you want something different, and therefore you are reading this article now. So your next step in creating passive income will be to change your financial mindset. To do this, I recommend that you read only 2 books. In due time they changed my thinking too. These are Rich Dad Poor Dad and Cash Flow Quadrant. The author of these books is Robert Kiyosaki. In his books, he shows how you can create passive income by changing your thinking. After reading them, I am sure you will look differently at your income and expenses, at your assets and liabilities.

Step 3. Learn to save money for investment.

It is necessary to understand that the creation of passive income without investment is impossible. You will definitely need money to create various sources of passive income. Therefore, it is necessary each time to set aside some part of the money from your main income. There is a golden rule that must be followed. It's called the 10% Rule. You should save 10% of your income each time. I received a salary of 15,000 rubles - be so kind as to put aside 1,500 rubles and don’t touch them at all. It will be very difficult to do at first. Well, then it will become a habit for you. You will understand that this is very easy and will soon increase the amount of money saved. A good result is considered to be 25% of the deferred money from income. And when you can save 50%, then you can create passive income for yourself faster.

Step 4. The choice of the type and source of passive income.

Next, you will have to figure out what types of passive income are. Someone will be better off if the cash flow comes from offline (for example, passive income from real estate), and for some it will be easier to create passive income on the Internet. Maybe you will write excellent articles on the topic of interest to you about bicycles. Then you can keep your blog and receive passive income from the site.

Step 5. Investing money in a source of passive income.

Then you need to invest your accumulated money in the chosen source of passive income. Those. in other words, you have to buy an asset that would bring you passive income. A simple example is buying an apartment for rent. The purchased apartment will become your asset and will bring you additional income every month.

Video about passive income. The parable of Pablo and Bruno

Pablo and Bruno choose two completely different paths to achieve financial independence. What are you going to see? A great animated film about their adventures. So sit back, relax and watch a lesson on how to change your life - the parable of the plumbing.

Far, far away, in a small village near a beautiful valley, lived two friends - Pablo and Bruno. Both of them were young and wished for a better life for themselves. They often shared their dreams with each other of how they would become the most successful people in the village. They were not afraid of hard work and looked for opportunities to achieve their goals and fulfill their dreams. And once such an opportunity presented itself to them.

The village headman decided to hire two people to carry water from a source at the top of the mountain through the valley to the village. The wages for labor depended on the amount of water delivered to the village. Bruno and Pablo went to work with enthusiasm.

Every day, from morning to evening, they carried buckets of water from the source to the village. They did their job hard and hard. They returned home every evening with their day's earnings. Bruno was pleased with his job and the money he was making. He was confident that this work could fulfill his dream. Bruno decided that in order to increase his earnings, he needed to take larger buckets so that they could hold more water. He hoped that the increased income would soon allow him to buy the cow and the house he dreamed of.

But Pablo was unhappy. At the end of each day, his back and legs ached. He felt exhausted. Pablo was looking for an easier way to make more money and one day he came up with an idea. He imagined how he would build an aqueduct to deliver water from a mountain spring to the village. This plumbing would allow him to transport more water without carrying any buckets. He soon caught fire with the idea and started planning.

Pablo suggested that Bruno build a water supply system together, but he decided that this idea was meaningless. All Bruno was thinking about now was how to make money faster. He believed that the time to build a water supply system would take a lot of time and he would achieve his goal later. Instead, Bruno pulled out a larger bucket and carried the water faster. He was sure that this way would bring him more money.

Pablo decided to build the plumbing alone. He understood that it would not be easy and would take a lot of time until the plumbing was completed. Pablo knew that it could take several years to build. But he focused on his idea. Every day he worked and carried water as before, but in his spare time he built his own water supply. In the first month, he had nothing to brag about. Bruno and the villagers laughed and teased him. They nicknamed him Pablo the plumber.

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At the same time, Bruno's income doubled. He has already bought a cow and a large house. His life has changed. Now he was spending time after work at the bar, enjoying being given his hard-earned money. But he didn’t realize that due to the hard work, his back was hunched over. The face was thinned, and the body was emaciated. Soon he began to wear less and less water as his health deteriorated and deteriorated.

Pablo worked month after month. Soon a year passed, and then another. Finally the building was finished. Pablo was now making more money than Bruno. The flow of water into the village did not stop for a minute while Pablo rested, slept and ate. Pablo was happy and could be proud of his insight, hard work and tenacity. Now money flowed to him just like water in a plumbing.

The story of Pablo and Bruno is a reflection of real life. We usually try to increase our income by working more and more, working in our spare time or in two jobs. We are also trying to increase our monthly salary, which leads to more employment and less free time.

Most of us trade time for money. We know that each person has only 24 hours a day and that it is impossible to give all the time to work. The hardest times come when we cannot exchange time for money due to age, health or any other reason. And then our income stops.

And Pablo didn’t trade time for limited income, but he used some of his time to build a plumbing. He knew the plumbing would start to generate a steady income. Pablo knew that the time would come that he would not be able to exchange time for money. What about you? Are you not already the same as Bruno, or do you want to be like Pablo and receive passive income? You can start building your financial flow here and now.

7 reasons to create passive income

Liberty.

Every person needs money to survive in this world. To do this, we go to work, where we “plow” for a whole month for a tiny salary. When we work for someone, we are not free and dependent. We do not have the right to our opinion and choice of actions, everything is already described in the job descriptions. And if you have passive income that exceeds your monthly salary, then you have the opportunity to choose and act. You decide when and what you do. The creation of passive income allows you to enter a new stage of financial development.

Time.

If you create several sources of passive income that bring you high profits, then you free up a lot of time. You can dispose of this time at your discretion. Someone leads him with people close to him, someone travels, and someone begins to create their own business or another type of passive income.

Independence.

If you have passive income, then you will not care about salary delays at work, lost bonuses and bonuses. The resulting profit from liabilities gives you the understanding that you are independent. This removes your fear of running out of money and allows you to be more liberated in your actions.

Safety.

When you know that every month you will have money from passive income, then a sense of security comes. You do not need to worry about where to get money for food, clothing and rent. Even if you get sick and have to quit your job, there is a whole wall of cash flow behind you.

Confident future.

Each of us thinks about his future. What will happen to us when we cannot go to work. Who will support us? Everyone is constantly thinking about retirement. But in the realities of our country, a pension does not provide a secure life in old age. Therefore, by creating various sources of passive income, you create your bright financial future.

Stability.

If you competently create a passive stream, you will constantly receive money at the same time.

Mobility.

How freezing it is when you have to sit in the office all day. Everything is on schedule, lunch is on schedule. And if you violated the internal regulations, then a deduction from your monthly salary will follow. Passive income saves you the trouble of exchanging money for time. At a time when money is earned by yourself, then you can afford anything you want. You can travel, do yourself and other things that you like.

These are just a few of the benefits that passive income can give us. I would also like to note that, unlike wages, the passive stream does not have a “ceiling” of profitability. How much money you will receive depends only on you.

Passive income without investment ...

Many people want to create passive income and at the same time often enter queries such as "passive income without investment" in the search. Of course, everyone wants to relax in the Maldives, drive a cool car and do not hit a finger at the same time. Wake up! This does not happen ...

The creation of passive income is a very difficult and long-term business that requires a burning desire, willpower, motivation and, of course, real action from any person. Passive income arises from the creation or purchase of assets that generate cash flow.

Sometimes, such sources of income as affiliate programs, creating your own information product or website can be counted as passive income without investments. Yes, income from such assets can be passive, but first you still need to invest.

Passive income is just a consequence of your investment in an asset. So without what investments you will not be able to ensure your cash flow?

Passive income without investment in your education is impossible!

In general, passive income is the result of long-term investments not only in assets, but also in oneself, in one's education. As Robert Kiyosaki says, you need to increase your financial IQ, otherwise you will remain in the cash flow quadrant, where everyone works for a salary. Start reading books and be sure to read Rich Dad Poor Dad first. Again, do not limit yourself to the financial sector. Develop spherically, i.e. work on every area of your life. Finance without health will not come to you either.

So sign up for a gym or martial arts courses, buy a bike or start swimming. Also develop in the field of communication with people. The more you communicate, the more acquaintances you will have who will help you. If you do not develop as a person, then you will not see a monetary water supply, as in the parable of Pablo and Bruno. Money comes only to strong and educated individuals.

Passive income without investing your own time is impossible!

Time is one of the main resources in life that we use. Someone uses time productively, while others do not. Any source of passive income requires an investment of personal time. To begin with, you must figure out how a source is created, how much money it can bring in a month, what are the risks that you will lose it. This all takes time.

Then comes the process of actual creation or acquisition. And this is also the time. For example, it will take you less time to generate passive income from PAMM investments than to create your own website and sell advertising from it. Passive income is not generated in seconds; this process can take a week, month, or even years.

Passive income without investing money is impossible!

In most cases, it takes money to create an asset. In some cases, this is a big investment, for example, if you want income from real estate and buy an apartment for rent. And some you can get by with a small investment. For example, to create a website, you need to buy a domain and hosting. This is about 600 rubles. Not so much, right ?! Again, you can say that I will take other people's money. Ok, if you can, then why not, but then you will need to invest other resources: time, knowledge and skills, ideas.

Therefore, let's still be honest with ourselves and not say that there is passive income without investment. It's just that the word passivity itself is misunderstood by everyone. This is the other side of activity. They must be in balance. That's how much you have been active and how many sources of income you have created, so much you will be able to be passive in the future ...

So think about what investments you can make today to get financial freedom tomorrow. And I can also give very good advice. If you want a decent cash flow for yourself in a shorter period of time and with less investment, then this can only be done with the help of passive income on the Internet.

7 simple rules leading to passive income

Rule 1

Pay a tenth of all income to yourself personally. You need to do this regularly and first of all ... you love yourself;) (in this regard, you need to be a little selfish). Of course, it takes a little willpower and self-discipline to comply with this rule, but these are the basic qualities necessary to achieve financial goals. Many people reason like this: "There is not enough money in everyday life ... how else to save something?" Believe me, the tenth part will not solve your problems globally ...

Rule 2

Control your expenses. It is difficult to "catch" the balance between the necessary expenses, emotions and whims, but nothing is impossible;) There is an old saying "There is never a lot of money", but this happens only when we do not "turn on" our brain. Everything in this world is relative ... some do not have enough money for bread, and some do not have enough money for a private plane. You need to make it a rule FOR EVERY RUBLE SPENT - GET TRUE VALUE. Plan your expenses clearly and do not touch NZ (tenth deferred part)))). Try to make it your good habit.

Rule 3

Make NZ "work". Of course, the money that you save warms the soul, but there is no point in it if it just lies “under the mattress”. And here our task is to correctly invest our funds, thereby creating at first a small, and in the future a solid inflow of funds into our pockets.

Rule 4

Protect your capital from losses and unnecessary risks. Smart investment is based on the security of fixed assets. There is no need to rush into the pool headlong and chase get rich quick. Before investing any part of your "hard-earned" money, you need to study money back guarantees.

Rule 5

Home Sweet Home. It is profitable to invest in real estate. Everyone should have their own home, because this is not only a confident rear for the family, but in a certain scenario, a "stock" of funds that can always be sent "to work" and inflation will not devour them.

Rule 6

Create income for the future. It is very important to provide for the needs of a respectable age and create (albeit not a large) financial reserve for yourself and your family at the time when age becomes an obstacle to study and work.

Rule 7

Develop constantly. The more we know and are able to, the more we can earn. The world does not stand still, and a person who keeps pace with the times, develops intellectually, improves himself, deserves a greater reward.

And so, I hope that these are not at all complicated rules will help you acquire useful habits, change your worldview, thoughts about money and income in general. After all, our life depends on our thoughts. Use these 7 rules wisely and you will end your financial difficulties forever and even get rich over time;)

Sources of passive income

Bank deposit

Everyone knows about bank deposits. You open a deposit and receive an annual interest from it. If you put 1,000,000 rubles on a deposit at 10% per annum, then in a year your asset will increase by 100,000 rubles and amount to 1,100,000.

Pros: you do not need any knowledge and practically does not require your activity (just select a deposit with a certain% first).

Minuses: low income compared to inflation (mostly less than 10%).

Securities

These are investments in the shares of various companies in the stock markets. In another way, it is called investments in Mutual Investment Funds (Mutual Funds)

Pros: availability (everyone can do this, because one share is not so expensive), higher profitability (10-30%).

Minuses: it is necessary to choose a long-term investment strategy, i.e. additional knowledge in the field of economics is required.

The property

Real estate is one of the most stable types of passive income. People who have a second apartment or some kind of commercial property can easily rent it out.

Pros: stability and a transparent income scheme, income depends on your knowledge and actions in this area.

Minuses: real estate is needed (real estate prices are high, it is problematic to acquire the first real estate).

Find out how much you can earn with passive income not real estate.

Business

Here you can talk about business as a passive source of income, if you once create it, and then transfer it to other people to manage, i.e. you delegate. Thus, the business makes money without your participation.

There are two types of businesses: online and offline. In the first case, it can be a beauty salon, and in the second - your author's blog. Depending on what you choose, there will be different pros and cons. By the way, passive income on the site is a very good source that you can create in no time.

Pros: in both cases, high profitability is possible (no "ceiling"), online business requires less time and investment.

Minuses: offline business has big risks, a lot of investments are needed at the initial stage, in both cases, you need a lot of knowledge in the required area (you must have the skills of an entrepreneur, leader, and manager)

If you have created some kind of service or invention, then you can receive royalties from their sale.

Pros: stability and transparent income scheme

Minuses: you must first come up with something)

Nothing is more demoralizing than a modest but steady income.
Edmund Wilson

Creating a good source of passive income that will not disappear at any moment and will give you freedom is a very interesting, but at the same time, laborious process. But it's worth it.

How to create passive income of 30,000 rubles?

In order to create passive income of 30,000 rubles and get financial protection, you need to create 3 different sources with a yield of 10,000 rubles. This will be passive income from the website, business and real estate. It is in this order that I recommend creating sources of passive income, i.e. from less costly to more costly.

Passive income from the site

There are 2 very good advantages to making money on websites that you need to take into account if you are just starting to create passive income from scratch.

Minimum investment

You will only need to create a website and promote it in search engines to generate a lot of traffic. At first, you only need to buy a hosting and a domain. This is about 1000 rubles. You can learn how to promote your site and monetize it yourself.

No need to quit your job

You can create a website, promote and monetize it in your free time. Those. you do not need to quit your main job, where you have a stable income. That's when passive income equals the level of your salary, you can throw your "damn" job.

It is necessary to understand that the site will not immediately bring money. With good work, in six months, thanks to the site, you can get passive income on the Internet at the level of 10 thousand rubles a month.

Examples of passive income from sites

In order to make it more clear how much you can earn, let's consider with you examples of passive income from various sites.

http://shpargalkaege.ru/ - site for preparing for the exam. Traffic 5,000 people per month. Income - 10,000 rubles. Earnings come from the sale

http://stroiki-master.ru/ - site about construction. Traffic 300 people per month. Income - 4000 rubles. Income from contextual advertising Yandex.Direct and link sales in Sape.

url is hidden - a portal to a game theme. Traffic 3000. Income - $ 5,000. The main source of income is from Google Adsense advertising.

Passive income from real estate

Advantages of real estate as a source of passive income

A large number of people invest their money in such sources of passive income as securities, precious metals or make investments in business, and some even manage to participate in all kinds of dubious financial pyramids. But you should know that the risks of such investments cannot be compared with the reliability of the property, which can bring its owner a good monthly passive income from rent.

Disadvantages of real estate as a source of passive income

Of course, we must admit that real estate income does have its drawbacks.

Expensive. Like any type of passive income generated offline, real estate is an expensive investment. You need to have at least a million rubles to start receiving a decent cash flow. It's another matter if you already have a second apartment or house, or maybe an office in the city center or a warehouse.

Low profitability. Income from real estate can be on average from 5-10% per annum. For example, the same passive income as a percentage can be obtained from PAMM investments in a month!

As an option for diversifying your investment portfolio, real estate should still be viewed as a source of passive income.

An example of passive income on real estate

Let's try to calculate how much money needs to be invested in real estate so that it generates passive income equal to the monthly salary in a millionaire city. For example, I'll take the city of Voronezh, where I live. A one-room apartment in Voronezh costs about 1,600,000 rubles. If such an apartment is rented out, then passive income minus rent will be 10,000 rubles.

From the article you will learn what passive (residual) income is, what sources of passive income exist, as well as a description of practical ideas on how to create it.

Hello dear readers. Eduard and Dmitry are in touch.

If you are interested in the topic of earnings, then you are probably familiar with the concept of "passive income".

The dream of many people is not to work and still get paid.

If you are one of those people, then this article is for you! Every day today people create this type of income, and the easiest way to create it is on the Internet.

We will consider all the methods described below in the form of an overview, and which one to choose to build your financial freedom is up to you.

1. What is passive (residual) income?

Passive income- income that does not directly depend on our labor costs and comes to us in the form of a stable cash flow.

This type of move clearly illustrates the motto “ Do 1 time - get 100 times».

So, for example, you can make money selling your own knowledge by recording your own video training course on a topic in which you are well versed. Once you create such a course, and then it brings you passive income due to the fact that it is sold many times.

You've probably heard that there are people who do not work anywhere for years, and live only on passive income, for example from investments. They are called rentiers *

Rentier- a person living on interest or dividends, usually from financial assets, renting out property or products of his intellectual labor.

When we see gorgeous beaches with yachts, expensive hotels, houses and cars on TV or in photos, then one way or another all these things are associated with great prosperity and financial freedom.

Passive income is the best way to start living the life of your dreams, travel and manage time as you see fit while everyone is working.

2. Why do the poor get poorer and the rich get richer?

If you look at the life of an ordinary person 30-40 years old, then in most cases he spends everything that he earns, often has a lot of loans or borrows from friends "a couple of pieces to paycheck."

All this is because he does not focus on creating assets that would help solve his financial problems.

Financial slavery is thriving in the 21st century, despite the fact that physical slavery has long since sunk into oblivion.

It is worth remembering here a wonderful quote from John Rockefeller, the famous American billionaire:

Anyone who works all day has no time to make money!
John Rockefeller

This is indeed the case. After all, they become millionaires in their free time from work, and at work people usually earn money only in order to cover immediate expenses.

Thus, it is worthwhile to understand that our main asset is time, and rich people are good at using it.

After all, if you look at an ordinary day of an ordinary person, we will see a picture that repeats itself from day to day: in the morning - to work, in the evening - from work, cafe, beer, TV.

At the same time, the progress of such a person in the long term is minimal, especially if we take into account the fact that the majority do not like their work and their income practically does not grow from year to year.

The difference between the rich and the poor is what they do in their free time.

It is the correct use of time that is the key to achieving wealth and passive income as one of the tools of financial freedom.

After all, to create passive income, you need it very well actively to work. Most often, several months or even years... But after that, you can quit your job and become a wealthy person.

According to the famous businessman, investor and specialist in financial literacy Robert Kiyosaki, wealth is not determined by the size of a bank account, but TIME, during which a person may not work, maintaining a comfortable standard of living.

In order to understand how you can turn your time into a source of permanent passive income, break out of the "rat race" and find financial freedom, we recommend that you play the world famous financial game by Robert Kiyosaki "Cash flow".

3. Sources and types of passive income

You are probably impatient to find out how you can create passive income and from what sources it can come. Answers to these questions will be given below.

You just have to choose the method that suits you and work on it.

It is curious that most people say: "But a few months or years is a very long time, I am not ready to wait so long."

This is the psychological trap. After all, usually the working period for people lasts 30-40 years, after which they receive only a pension and this, without exaggeration, "handout" becomes their only source of livelihood.

It turns out that we can work for 30 years in a row (in most cases in a hated job), but we have no patience to take care of our financial future and retire not at 55-60 years old, but say at 30 or 40 years enough.

Do not deceive yourself, because if you have definitely decided that you want to create passive income and have more free time, then you need to take decisive action to change your life!

This was an introduction, and now to the tools and types of creating passive income.

There are only 4 main types of passive income:

Let's take a look at each of them and see what instruments can be used to generate passive income within each type.

1. Investment or financial passive income

It occurs when we invest money in various financial instruments or items, receiving dividends in the form of profit or interest.

Sources:

the property;
Bank deposit;
securities;
our business (when we buy it);
equipment for rent.

2. Intellectual passive income

It arises in the case of the creation of an intellectual product and its further replication. According to this principle, the Infobusiness on the Internet, well-known to many, is built: they recorded their training course once, and then sold many copies of it.

Sources of passive income:

royalties for a published book, song, role in a movie;
patent for an invention (technology).

3. Marketing passive income

Arises from established marketing systems such as a commercial website, your network marketing structure, or personal brand rental *

Personal brand is a set of social achievements of a person that is associated with his person and can serve as a reason for using his name (reputation) for commercial purposes.

For example, many stars of show business, sports and cinema appear in commercials and become “faces” of this or the company, for which they receive a lot of money as a fee for using their name.

Sources of passive income:

own well-developed structure in a network marketing company;
business companies using your personal brand;
your website on the Internet;
a business, the profit from which is formed from the work of the marketing system (often this is an information business).

4. Legal (statutory) passive income

To one degree or another, almost all people talk about the three types of passive income described above, but they don't say a word about the fourth, we conventionally call it "legal".

But he not only has a place to be, but can become the most easily accessible of all.

You can receive this type of passive income if your life situation allows you to officially receive monetary and other material incentives from the state at the legislative level.

Haven't you guessed what this is about yet?

Naturally, the most famous type of such passive income is a pension. For students, this is a scholarship. But the working part of the population in most cases is deprived of such "buns".

Sources of passive income:

old-age pension, disability pension, military pension;
subsidies (compensation) for utility bills;
subsidies for starting or developing a business;
"maternal capital";
preferential housing for citizens in need.

4. How to Create Passive Income - 7 Best Ideas

Now you know what types of passive income are and with what tools you can create passive income.

There are different options for creating passive income, let's now look at the most popular ideas of how exactly you can ensure yourself a regular flow of money without working for it all the time.

Idea 1. Creation of a website for making money on the Internet

Online passive income is gaining in popularity today. If you are familiar with the principles of marketing, have a good command of a computer, then you can create such income even from scratch, with only a great desire to learn new things and a certain amount of free time.

For example, now the site HeatherBober.ru, where you are and read this article, brings passive income.

Usually, to start making regular money on your website from $ 1000 per month, you will need from 6 months to 2 years of regular work on your project for several hours a day.

For some reason, some people think that making money on the Internet is very easy and having created your site, you can not work anywhere else, as soon as it appears on the Internet.

This is a big misconception. You will have to work very hard on your website, and the most difficult stage here is not to break down, but to achieve regular passive income of $ 100-200 per month.

If you have (will) a website that consistently brings passive income, then it can be sold as a ready-made business. At the same time, the amount for which you can sell a profitable site is equal to 20-24 times the amount of its monthly passive income.

So if you have a website that brings in 10,000 rubles a month, then you can sell it for 250,000 - 300,000 rubles.

Thus, you can even create profitable websites for sale and build your business on it.

It is similar to animal husbandry. You raise a cow and she gives you milk, you can regularly sell it, making a profit, and if you need a lot of money at once, you can sell the cow itself.

On your website, you can earn in the following ways:

selling links;
placing contextual and teaser ads;
posting paid advertising articles;
selling ad space for banners;
recommending to buy a product or service using your affiliate link (earnings on affiliate programs);
selling their own training courses (Infobusiness).

Idea 2. Creation of an intellectual (creative) product

If you have the talent of an inventor, writer or musician, then create your own intellectual product - technology, book or song.

This way you can earn passive income by replicating them (in the case of a book or song) or by renting them out (in the case of a technology that can be patented).

For example, the famous writer J.K. Rowling, the author of the Harry Potter books, now has a multimillion-dollar fortune thanks to passive income from his intellectual property.

By creating an "invention", "industrial design" or "utility model", you can also create sources of passive income. After all, it will be yours intangible assets*

Intangible asset- a product of intellectual labor that does not have a material form, but is capable of bringing profit to a person or company by its presence.
These assets include patents, trademarks, business reputation of a company or person.

Idea 3. Renting out property: real estate, transport, equipment

Passive income on real estate is the most famous of all types of passive income for rent. But there are other ways as well.

You can rent almost everything that has value: vehicles, construction, industrial or commercial equipment, and even things worth more than one average salary in your city.

Usually income from real estate is less than from equipment. For example, there are entire types of businesses where construction equipment, expensive rock drills are bought and then leased.

So a drill or perforator worth 20,000 rubles can be rented out for 500-1000 rubles a day! At the same time, the payback period of the tool can be less than a month with a large flow of clients.

Idea 4. Receiving government payments in the form of passive income

If you fall into the category of socially unprotected citizens (disabled, large family, pensioner, etc.), then you can apply for compensation payments of both a one-time and permanent nature (the same passive income).

To do this, you need to carefully study the civil code of the Russian Federation or contact the social protection service at your place of residence.

You may not know that you should receive thousands, and possibly tens of thousands per month just for being one of the people described above. Do not neglect this opportunity.

Some citizens even pay bribes in order to get subsidized housing or disability pension without being disabled.

We are not encouraging you to improve your financial situation in dishonest ways, but if you have a legal basis for government financial support, why not use it.

Idea 5. Investments in securities, pamm accounts, banks, mutual funds

Investing in various financial instruments is also a fairly popular way to generate passive income.

All these financial instruments were analyzed in some detail by one of the previous articles: ""

While they have their own advantages, they are not without their disadvantages. For example, in a bank, income will be minimal and will barely save your money from inflation.

As for PAMM accounts, mutual funds and securities, here in most cases your income will be unstable (with the exception of bonds), and will not be passive.

Rather, by investing in such instruments, you can make speculative profits, but losses are also possible. Be careful!

Idea 6. Network Marketing

This is one of the most affordable ways to create passive income by investing your time, since in most network companies you need no more than $ 100 money to start.

If you have a talent for finding a common language with different people, you are friendly and full of energy, then feel free to start in this industry and in a few months your passive income can be equal to the average salary of a provincial city.

Very well the way of a person in the process of building his passive income in network marketing is illustrated by the "parable of the plumbing" about two guys Pablo and Bruno. One of whom worked for money, and the other at this time created a system that would make a profit:

Idea 7. Own business

A great way to create passive income is to start your own entrepreneurial project.

If you do not have sufficient funds to start your own business or do not want to risk money, then the best way to organize your business for you is an online business.

Yes, today in the global network, thousands of people make big money.

If you think that starting a business is the best solution in your case in order to create passive income, then you should definitely read our articles on this topic:

Thanks to the information from these articles, you will be able to organize your business from scratch in the shortest possible time and turn it into a stable source of passive income in the future.

For those who want to open their own business with minimal risks, we offer an alternative option: buying a franchise, a Japanese and Pan-Asian restaurant chain.

Why this particular project? The answer is simple: our good friend named Sergei has already opened a restaurant for this franchise in Maykop and now has a stable profit. The 1.5 million he invested paid off within six months - an excellent indicator for a city with a population of 140,000. In megacities, funds will return even faster.

Sushi Master restaurants are retail outlets of four formats: street, island, food court and classic. The partner receives a ready-made business model, marketing technologies, unique recipes and help from a start-up team. The rest is a matter of technology.

Here is what Alex Yanovsky, co-owner of Sushi Master, says about the benefits of the franchise:

Now you know what passive income is, what types of it exist, and what you can do to quit your job, gain financial freedom and be able to travel.

Tips for Finding Financial Freedom:

Tip 1. Take the time to create assets

Try not to limit yourself to just getting money from your work, regularly think about how you can get money for once done work many times - replicate your efforts!