A successful man always plans and thinks of his future in any move…. But….
We all have alternate ways for everything we everything in our life. We have different mode of transport to travel, we have various choices of hotels to eat out, and we plan our day well in advance, so that we don’t miss out on anything. But when it comes to income source we still rely on our single source, our salary.
A best alternate source of income should be one which is not dependent on the amount of work you put in, it should be independent of our effort and should yield you returns. There are various options available :
1. Dividend Investing
One of the easiest ways to generate passive income is by investing in high yielding dividend paying stocks.
But this require you to invest and involves a high amount of risk as per the current market situation
2. Rental Properties
Initial investment is very high…..
3. Royalties
You can earn royalties for life off of any creative work that you develop. If you are a skilled writer, write a book or a play. This entitles you to receive residual income for years into the future.
Not all people have the sills for this
We all have alternate ways for everything we everything in our life. We have different mode of transport to travel, we have various choices of hotels to eat out, and we plan our day well in advance, so that we don’t miss out on anything. But when it comes to income source we still rely on our single source, our salary.
The world in a fast pace, the economies is becoming more and more volatile. Companies try to survive this either through salary freeze, layoff etc. The common working class is the most impacted.
This highlights the importance of having an alternate source of income.
A secondary source of income can make your life a whole lot easier by increasing the amount of money that you earn and decreasing your dependency on your salary. A solid secondary income can help you retire and enjoy life before you are 60. We have only one life and we spend 90% of it working and saving and the remaining 10% spending on medication and treatment. A secondary source of income will ease your tension and provide you freedom to enjoy every moment in life.A best alternate source of income should be one which is not dependent on the amount of work you put in, it should be independent of our effort and should yield you returns. There are various options available :
1. Dividend Investing
One of the easiest ways to generate passive income is by investing in high yielding dividend paying stocks.
But this require you to invest and involves a high amount of risk as per the current market situation
2. Rental Properties
Initial investment is very high…..
3. Royalties
You can earn royalties for life off of any creative work that you develop. If you are a skilled writer, write a book or a play. This entitles you to receive residual income for years into the future.
Not all people have the sills for this
What is the right way to earn a secondary source of income? This thought has been in my mind for long and I was searching for an opportunity which is risk free has very limited investment, which require me to work hard on it initially (so that I have the satisfaction), which is legal and which yields royalty which is transferable to my future generations. I feel the right opportunity to achieve all this is a business. A business which is doable by everyone, a business that is looks into the needs of common man.
To know more on the opportunity write to the author buslegitimate@gmail.com
