Best Passive Income That Fits You

Did you ever thought that inheritance is one of the top, best, great PASSIVE income of all time. It's like hitting the jackpot without betting on lottery. Lucky enough if you're the beneficiary of an entire estate or insurance claim. But how I wish all of us is born in that family.
Okay I'm gonna cut off with the inheritance thing and lets proceed.

Before I share you some of the Best Passive Income I know. Let me define first the term. 

What is "Passive Income" anyway?

The term "Passive" is a response where you allow thing to happen without any participation or response to it or accepting or submitting without objection or resistance based on online dictionary. 

Now if we refer to Passive Income - Income that should be on a regular basis with a little or sometime no physical presence. 

There are many ways we can earn aside from our salary and establishing a passive income is one wise idea worth doing. It gives more time for you and less physical work that leads you to other much important work you can do.

Building one Passive stream doesn't happen overnight many time it requires years of learning and sweat. But once you get there you'll gonna be sharing the blessing. 

If you get some of the idea I'll site some of categories I know. Here's the following:

BUSINESS

Traditional Business - There are bunch of business concept out there like, Retail store, Merchandise, Franchise, etc. The point is as long as you're not the one who only managing the business for it to earn we can say that's a passive income, In short there should be a manager or employee working for you. For example I have few friend of mine who owned business like printing shop, photo services and catering business. All have employees working for them, if done effectively it could bring continues income to the owner. 

Rentals  - Rentals maybe a form of real estate, or piece of asset that people pays you on a monthly basis or the number of times it was used. Apartment, resort, car rental, soft ice cream machine rental and many more could be a passive income also. But each of these business requires full knowledge before you can actually earn from it. 

Network Marketing - There are also a business model out there that don't requires big capital to start. Did you considered affiliating to some company? If successful it could bring you weekly or month basis of earning. This concept requires a lot of time and leadership before you can fly it off the ground. If you tried one you can easily relate to me. 

INVESTMENT

Cash Dividend - Did you considered buying share of a particular company listed in the stock exchange. Becoming a stock holder/ share holder also earn dividend or interest from the number of shares they hold. For example in the Philippine market if I hold 1,000 shares of  (URC) Universal Robina Corporation and it pays 3PHP/ Share, It gives you 3,000 PHP minus tax. Me and my dad receiving this kind of income from time to time.

Notice of Dividend from Col Financial

It could be on a quarterly, semi annual or yearly basis depending on what company you invested in. If you save on a monthly basis or putting in some extra cash you can afford not to touch for a number of years you can study how it works. How to start? Read here >>  

Lending - One of the riskiest investment of all time. Oh you can tell me "No way I'm going into that investment. What if "Tumakbo" or "Run away" well it's risky but if you put a good system for it, It can generate on a monthly basis. Money works for you I can say. Personally I tried lending to some few friends. I can consider this active since I was the one doing the transaction. Better study lending companies how it works. 

Others

Publishing a book - Royalties income generated from a piece of work. Like music CD's, Books and invention that are patented are things I know. A publisher may pays you for every book copies sold.

I have a particular friend who earn from this. You can find her pocket book at "Precious Hearts Romance" Store inside SM. 

If you're interested how to do this reach her here >>

Becoming a sales representative - I'm talking about being a real estate broker, sales representative from car dealer,  financial consultant these are profession that could earn passive for every closed transaction. 

There's so much to mention but these are just the few I knew. 

Hopefully the insights may give you ideas how to earn differently. The concept is not limited to the idea of earning on a single job. I want to open your eyes to other dimension of finance. Getting to know and experimenting on your interest and skills may lead you to another sources of income. But before you can actually do this you should work on your money management. Read here >>

Related Article

Pursuing your passion while in the Corporate World

Get updates (It's Free)
Lets learn together you may type in your email address