The main advantage of passive income is the ability to not think about the salary, and in the future allows you to refuse the main work and to become financially independent.
The receipt of money may be permanent or one-time. There are several ways of receiving funds. The income will depend on the method chosen.
One of the ways to get easy money is winning the lottery, casino or any gambling game. The income can be very high, but the likelihood of getting money in this way is very low and very high risk of losing their own funds.
A one-off cash inflow is the inheritance. It can be money, real estate or jewelry. If you get a decent inheritance, it can not work for a few years.
A small but steady income you can get, if you regularly donate blood. Donors are paid monetary compensation, and company provided time off. This way you can accumulate on additional holidays.
Source of income is a pension. Retirement can not only age, but also on superannuation, depending on the type of profession and the nature of the work. You can simultaneously receive a pension and continue to work. For the female population an additional source of money is alimony. To get money without working can be made by unemployment benefits.
Each source brings a small income, however, combine to make a good amount that will work for you and make a profit, if it is directed in the right direction.
Most affordable passive income is Bank Deposit. Putting money on Deposit to earn interest from the Deposit. An additional source of money. The income will depend on the Deposit amount. Therefore, to obtain high income needed a lot of work and save the initial capital. For accumulation, you should use all sources of money – social security benefits, alimony, pensions, grants, salaries, inheritance and constantly look for additional sources of funds.
Deposit is a reliable tool for saving and accumulation of money. However, inflation outstrips income on Deposit, so to increase profit you have to invest in higher-yielding instruments. Mutual funds allow you to invest your savings in stocks and bonds of the common man. Have a low threshold of the down payment and do not require special knowledge in the field of investment.
The most profitable and secure investment is real estate. It can be rented out. The cost per square meter is growing. If you buy an apartment and move into the status of the real estate, and then pass in Commerce, then the rental price increases several times.
Accumulated a sufficient amount of money to open your business. When your project will start to generate a steady income to appoint a Trustee, and to make a profit and to do what he likes. If it is an original and profitable business, then many will want to open the same. By giving them permission you will receive monthly your percentage of turnover.
However, not everyone is born a businessman. Many entrepreneurs are looking for investors to open their business. Investing the accumulated money and becoming a business partner, can not work and receive a percentage from the income of other people.
You can give money in interest-bearing debt. Direct evidence that this is a very profitable are banks, which all take out loans. A lot of offices and institutions issuing microloans. The only disadvantage of such passive income is a big risk to lose your money, as they may not return.
If you are a creative person then, becoming an author of a song, book, film, or unusual inventions you can get a percentage for the use of your ideas. Right of ownership of the original ideas are transferred to your children through inheritance, so this passive income is very promising.
The main difference between a rich man from the poor is that the poor - working and spends all that work. But the rich experience and lays to then not work. To achieve financial independence in a short period of time is very difficult. Therefore, in order not to depend on money, you need to work, to save money and to increase it. In the future money will work for you.
How to get a lot of money and not work
The most attractive money are those which are obtained without any physical effort and much cost. Income that allows you to get money without working, called passive income. Not work and live comfortably is a dream for most ordinary people.