It`s a true human nature that wants to be rich, to take advantage of all the benefits that money promises. However, not everyone is able to achieve what he or she wants. Some reasons, like laziness, character, outlook, upbringing and lack of financial literacy are often look like the wall that prevents one from reaching a desired wealth. Income can be obtained in a variety of ways. Of course, one can take an uneasy way by choosing an active type of getting his income, like working hard, denying oneself a lot and hoping that his efforts and boss`s loyalty will bring the wishful financial well-being. Either, you may not wait for the grace of the employer and choose the much easier way - to place a bet on passive income. In other words, you have a chance to make money without having to do any work personally.
An entrepreneur, investor, writer and motivational speaker, the author of several books on investing, including the world famous bestseller "Rich Dad, Poor Dad," Robert Kiyosaki, said: "The moment you make passive income and portfolio income a part of your life, your life will change."
Following his recommendations, we have chosen 7 ideas of passive income. These time-tested methods became very popular and brought success to those who hazarded to implement these effective ideas.
A bank deposit account
A bank deposit account opening is one of the easiest ideas for generating a passive income. You will need just some positions: a certain amount of money for a starter deposit, a responsible bank, and a high interest rate.
Dividend stocks and bonds
Investing in securities of domestic and foreign large steadily developing businesses will allow you to receive a passive income of 2-10%, which will grow from year to year without your participation.
This can be real estate, a car, equipment, furnishings, clothes or, for example, advertising space or platforms. Look around - for sure you have something that you do not use, but it will be in demand by others. So you can easily turn your "white elephant" into money.
Creating an intellectual product
Have you written a picture, created a book, suggested an innovative educational methodology, launched a personal YouTube-channel, developed an effective weight loss program, finally? Allow your efforts, labors and talents to be paid off. Register the rights to your creation and monetize. Thanks to modern technology, you can do it offline and online.
The active life of mankind in the network space allows you to turn the purchase or creation of your own website into money. Especially if you have chosen the in-demand topic of the proposed content with an emphasis on "eternal" or "mass" issues. Proper page optimization (promotion in search engines, contextual advertising, work with affiliate programs, etc.) will subsequently allow you to receive passive income. Each click, display or lead can become a daily income for its owner and bring in substantial sums of money.
Selling a franchise for your own business
Been creating your dream product for years? Perhaps it's time to slow down and rethink your growth strategy? In fact, you can expand your business even without working. The main thing is to competently delegate their responsibilities and receive royalty. Franchising or commercial concession, when you transfer the right to use a business model developed by you, for example, for a fee, just might be the best solution.
Investing in startups
Personally have not created anything yet, but you have a gift to recognize a genius? Trust your gut and have a certain financial opportunity - then make sure to invest in what you may call as a promising project. In an era of innovation and bold ideas, such a risk can promise to be profitable, providing a peaceful life to his investor and his future generations.
Let's sum it up
Passive income has become a revelation for many people and has not only freed them from worrying about their financial situation and allowed them to enjoy life, but also taught them to enjoy the ability to manage their time and budget freely. We're not talking about a completely "passive" income, especially for those starting from scratch. At the beginning, you need to be productive by getting money here and now. This will make the money work for you in the future.
As Thomas Edison taught: “Opportunity is missed by most people because it is dressed in overalls and looks like work.”
Let each of us sooner or later try on the role of rentier and allow himself to live off the rent from capital, for example, placed in the form of bank deposit, securities, profitable real estate, land, business, or at the expense of impressive income from copyrights and royalties.
So any time is a good time to not only work actively, but also to earn money passively.