Hey All,
Let me start this post by asking this question - Who doesn't like to have Passive Income Sources? Extra income is always welcome isn't it? Relying just on one income source, lets say the 9 to 5 Job isn't going to get us any where. It is just going to fulfill the ongoing daily expenses and we could save a bit for our retirement. But if one need to have a lavish life and enjoy the LUXURY then I am sure that passive income plays a very important role. Do you agree here with me? In this post today, I am going to talk about the different passive income ideas that should help us in long run to not only meet our expenses but it should also give one the mental peace like yeah even if I don't work now I still have a different sources of income at my dispersal. This just 100% boosts ones moral when they are feeling low or facing difficult times in their LIFE...
Ok let me first start with the passive income streams that I have been able to tap for myself and my family. Not flaunting though to be honest, just sharing what I have been able to build in terms of passive income streams. I'll first highlight them and then will talk in brief about it.
- Rented out 2 Apartments
- Dividend Paying Stocks & Mutual Funds - investment of around Rs. 20 Million to date i.e. close to $24K dollars
- Have two monetized Youtube Channels::
1 - LearnTogether, with 28.6K+ subscribers & JoinLife witth 116K+ subscribers - Income from Fixed Deposits
- And finally my favorite Cryptocurrency & #HIVE blockchain being the main source here with almost $40K+ to date portfolio value having 107K+ Hive Power aka HP that I continue to #build & #hold
At one glance one may think that I have too many of those passive income streams from that list above highlighted in the image. But let me be very honest here out of the all the ones that I have been able to build, I am more excited about the renting out of the apartments, YouTube channels build from scratch by my wife Preetu and not to forget the investment of money & time in Cryptocurrency. The real happiness comes when these income streams fills in your bank accounts i.e. the rented apartments RENT being credited every month and you get that notification from your bank that the account has been credited. What a great feeling and a proud moment it is to see the results of your hard work and financial planning paying off. It not only provides financial security but also gives you the freedom to dream bigger, invest smarter, and enjoy life on your terms. I am sure everyone would like to live LIFE on their terms and not be at a mercy of their employer or someone else who they are dependent upon so as to met their day to day expenses in LIFE. Ok enough on my side of things. Let me know about your passive income streams and is there anything missing that isn't on the list and you have one of those that is easy to build up? And before I end this post, I would like to say nothing is easy its hard to build things from scratch but when they are build up with strong pillars one reap the benefits for long run. In my case it took Years of investment to buying the flats and then paying off the loan and now getting the rent is a great feeling. I choose to invest as opposed to buying luxury cars or going to foreign countries for a lavish trip. But Yes this luxury trips round the world will also come no doubt about it but at the right time. Well this should be it for todays post around Freewriting - 30 Passive INCOME Ideas - Is Your Idea on the LIST? and how these passive income streams can be a morale booster & help build confidence and take more risks in LIFE. I Hope this was some what helpful and understand the significance of having an extra source of income. Even if you don't have one right now and do have plans to build over it then also its GOOD. Just keep pushing forward and ensure that you are able to build passive income stream for yourself and family. Let me know your views about this topic 30 Passive INCOME Ideas - Is Your Idea on the LIST? in the comment section below...cheers
#life #lifehack #success #private #solution #passive #income #ideas #freewriting #paras #secret
Best Regards
Paras
Image Courtesy:: TheActionableMind