Acquiring passive Income 2

Acquiring passive Income 2

Passive Income
ACQUIRING PASSIVE INCOME- HOW TO DO IT Passive income can be acquired in one of two broad ways; 1. Invest money;This involves sending your money on errands e.g Tbills, fixed deposits, real estate investment, get cash back for shopping you already do, etc. 2. Invest time and effort upfront;This involves some initial work to establish an automated system that works before you sit back and watch the cash flow in passively e.g affiliate marketing, create and sell an online course, write an ebook, stat a youtube channel, introducing someone to a business and getting a commission etc. A lot of these are self-explanatory but I will briefly highlight a few. Treasury bills (T-bills)-This is part of investing money. If you have extra cash lying around and you want to multiply…
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Acquiring passive income

Acquiring passive income

Passive Income, Top Posts
Wondering if acquiring passive income is something you need? Let me help you figure it out. Here is my definition of passive income: Money that is earned with minimal to no effort from your part. Sometimes, it can mean putting in the effort (time or money) upfront to set up an automated system that generates money with little to no effort on your part in the future. Passive income can be the solution to all your financial problems, but believe it or not, I have had people tell me that acquiring passive income is not something that they need. Well I think that depends on the amount of money coming in. Here's why passive income is so great. 1. It gives you 100% control of your work hours. In a…
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