From the article you will learn what passive (residual) income is, what sources of passive income exist, as well as a description of practical ideas on how to create it.
Hello dear readers. Eduard and Dmitry are in touch.
If you are interested in the topic of earnings, then you are probably familiar with the concept of "passive income".
The dream of many people is not to work and still earn money.
If you are one of those people, then this article is for you! Every day today people create this type of income, and the easiest way to create it is on the Internet.
We will consider all the methods described below in the form of an overview, and which one to choose to build your financial freedom is up to you.
Passive income- income that does not depend directly on our labor costs and comes to us in the form of a stable cash flow.
This type of move clearly illustrates the motto " 1 time do - 100 times get».
So, for example, you can earn money by selling your own knowledge by recording your own training video course on a topic that you are well versed in. Once you create such a course, and then it brings you passive income due to the fact that it is sold many times.
You must have heard that there are people who do not work anywhere for years, but live only on passive income, for example, from investments. They are called rentier *
Rentier- a person who lives on interest or dividends, usually from financial assets who leases property or products of his intellectual work.
When we see chic beaches with yachts, expensive hotels, houses and cars on TV or in photos, one way or another we associate all these things with great prosperity and financial freedom.
Passive income - The best way start living the life of your dreams, travel and manage your time as you see fit while everyone else is working.
If you look at the life of an average person in their 30s or 40s, in most cases they spend everything they earn, often have a lot of loans, or borrow from friends "a couple of grand until payday."
All this happens because he does not focus on creating assets that would help solve his financial problems.
Financial slavery is thriving in the 21st century, even though physical slavery is long gone.
Here it is worth recalling a wonderful quote by John Rockefeller, the famous American billionaire:
The one who works all day - no time to earn money!
John Rockefeller
It really is. After all, people become millionaires in their free time, and at work people usually earn money only to cover short-term expenses.
Thus, it is worth understanding that our main asset is time, and rich people are good at using it.
After all, if you look at an ordinary day of an ordinary person, we will see a picture that repeats itself from day to day: in the morning - to work, in the evening - from work, cafes, beer, TV.
At the same time, the progress of such a person in the long term is minimal, especially considering that the majority do not like their work and their income practically does not grow from year to year.
The rich differ from the poor in what they do in their spare time.
Exactly correct use time and is the key to achieving wealth and passive income as one of the tools of financial freedom.
Indeed, in order to create passive income, you need very well actively work. Most often several months or even years. But after that, you can quit your job and become a wealthy person.
According to the famous businessman, investor and specialist in financial literacy Roberta Kiyosaki, wealth is not determined by size bank account, a TIME, during which a person may not work, maintaining a comfortable standard of living for him.
In order to understand how you can turn your time into a source of constant passive income, break out of the "rat race" and gain financial freedom, we recommend that you play Robert Kiyosaki's world-famous financial game "Cash Flow".
Surely you are eager to learn how you can create passive income and from what sources it can come. The answers to these questions will be given below.
You just have to choose the method that suits you and work on it.
It is curious that most people say: “But a few months or years is a very long time, I am not ready to wait that long.”
This is the psychological trap. After all, people usually have a working period of 30-40 years, after which they receive only a pension, and this “handout” without exaggeration becomes their only source of livelihood.
It turns out that we can work 30 years in a row (in most cases at a hated job), but we don’t have the patience to take care of our financial future and retire not at 55-60 years old, but let’s say at 30 or 40 years old enough.
No need to fool yourself, because if you definitely decided that you want to create passive income and have more free time, then you need to take decisive action to change your life!
This was an introduction, and now to the tools and types of creating passive income.
There are only 4 main types of passive income:
Let's take a look at each of them and see what tools you can use to receive passive income within each type.
It occurs when we invest money in various financial instruments or items, receiving dividends in the form of profit or interest.
Sources:
It arises in the case of the creation of an intellectual product and its further replication. According to this principle, the Infobusiness known to many on the Internet is built: they recorded their training course once, and then sold many copies of it.
Sources of passive income:
Arises from established marketing systems, such as a commercial website, your network marketing structure, or personal brand rental*
A personal brand is a set of social achievements of a person that is associated with his person and can serve as a reason for using his name (reputation) for commercial purposes.
For example, many stars of show business, sports and cinema act in commercials and become "faces" of a particular company, for which they receive big money as a fee for using their name.
Sources of passive income:
To one degree or another, almost all people talk about the three types of passive income described above, but not a word is said about the fourth, we conditionally call it “legal”.
But it not only has a place to be, but can also become the most easily accessible of all.
You can receive this type of passive income if your life situation allows you to legislative level officially receive monetary and other material incentives from the state.
Haven't you guessed what we're talking about yet?
Naturally, the most famous type of such passive income is a pension. Students have a scholarship. But the working part of the population in most cases is deprived of such "buns".
Sources of passive income:
Now you know what types of passive income are and what tools you can use to create passive income.
There are different options for creating passive income, let's now look at the most popular ideas of how exactly you can provide yourself with a regular influx of money without working for it all the time.
Passive income on the Internet is becoming more and more popular these days. If you are familiar with the principles of marketing, have a good command of a computer, then you can create such an income even from scratch, having only a great desire to learn new things and a certain amount of free time.
For example, now the HiterBober.ru website, where you are visiting and reading this article, brings passive income.
Usually, to start regularly earning from $1,000 a month on your site, you will need from 6 months to 2 years of regular work on your project for several hours a day.
For some reason, some people think that it is very easy to make money on the Internet and having created your site, you can not work anywhere else, as soon as it appears on the network.
This is a big misconception. You will have to work very hard on your site and the most difficult stage here is not to break down, but to reach a regular passive income of $100-200 per month.
If you have (will have) a website that consistently generates passive income, then it can be sold as a ready-made business. At the same time, the amount for which you can sell a profitable site is 20-24 times the amount of its monthly passive income.
So if you have a website that brings in 10,000 rubles a month, then you can sell it for 250,000 - 300,000 rubles.
Thus, you can even create profitable sites for sale and build your business on it.
It's like animal husbandry. You raise a cow and she gives you milk, you can sell it regularly, making a profit, and if money is needed immediately in large quantities, you can sell the cow itself.
On your site you can earn in the following ways:
If you have the talent of an inventor, writer or musician, then create your own intellectual product - technology, book or song.
So you can receive passive income by replicating them (in the case of a book or song) or renting them out (in the case of technology that can be patented).
For example, the famous Harry Potter writer JK Rowling now has a multi-million dollar fortune thanks to passive income from her intellectual property.
By creating an "invention", "industrial design" or "utility model", you can also create sources of passive income. For it will be yours intangible assets*
Intangible asset- a product of intellectual labor that does not have a material form, but is capable of bringing profit to a person or company by its presence.
Such assets include patents, trademarks, business reputation of a company or person.
Passive real estate income is the most well-known of all rental types of passive income. But there are other ways too.
You can rent almost everything that has value: vehicles, construction, production or trade equipment, and even things worth more than one average salary in your city.
Usually income from real estate is less than from equipment. For example, there are entire types of businesses where construction equipment, expensive hammer drills are bought and then rented out.
So a drill or puncher worth 20,000 rubles can be rented for 500-1000 rubles a day! At the same time, the payback period of the instrument can be less than a month with a large flow of customers.
If you fall into the category of socially unprotected citizens (disabled, the large family, pensioner, etc.), then you can qualify for compensation payments of both a one-time and permanent nature (the same passive income).
To do this, you need to carefully study the civil code of the Russian Federation or contact the social protection service at the place of residence.
You may not know that you should receive thousands, and possibly tens of thousands a month just for being one of the people described above. Don't neglect this opportunity.
Some citizens even pay bribes in order to receive preferential housing or a disability pension without being people with disabilities.
We do not encourage you to improve your financial situation in dishonest ways, but if you have legal grounds for government financial support, why not take advantage of it.
Investing in various financial instruments is also a fairly popular way to earn passive income.
All these financial instruments were analyzed in some detail in one of the previous articles: ""
While they have their advantages, they are not without their drawbacks. For example, in a bank, income will be minimal and will barely save your money from inflation.
As for pamm accounts, mutual funds and valuable papers, here in most cases your income will be unstable (with the exception of bonds), and will not have a passive character.
Rather, by investing in such instruments, you can get speculative profits, but losses are also possible. Be careful!
This is one of the most available ways create passive income by investing your time, since in most network companies you need no more than $ 100 money to start.
If you have the talent to find a common language with different people, you are friendly and full of energy, then feel free to start in this industry and in a few months your passive income can be compared with average salary provincial city.
Very well the way of a person in the process of building his passive income in network marketing is illustrated by the “parable of the water pipe” about two guys Pablo and Bruno. One of which worked for money, and the other at that time created a system that made a profit:
A great way to create passive income is to organize your own entrepreneurial project.
If you do not have sufficient cash to start your business or do not want to risk money, then the best way for you to organize your business is an online business.
Yes, today there are thousands of people earning big money in the global network.
If you think starting a business is the best solution in your case, to create passive income, then you should definitely read our articles on this topic:
Thanks to the information in these articles, you can short term you will be able to organize your business from scratch and further turn it into a stable source of passive income.
For those who want to open their own business with minimal risks, we offer an alternative option: buying a franchise, a chain of Japanese and Pan-Asian restaurants.
Why this particular project? The answer is simple: our good friend named Sergey has already opened a restaurant under this franchise in Maykop and now has a stable profit. The 1.5 million he invested paid off in just six months - an excellent indicator for a city of 140,000 people. In megacities, funds will return even faster.
Restaurants Sushi Master is outlets four formats: "street", "island", "food court" and "classic". The partner receives a ready-made business model, marketing technologies, unique recipes and help from the start-up team. The rest is a matter of technique.
Here is what co-owner of Sushi Master Alex Yanovsky says about the benefits of the franchise:
Now you know what passive income is, what types of it exist, and what you can do to quit your job, gain financial freedom and be able to travel.
Financial Freedom Tips:
Tip 1: Take the Time to Build Assets
Try not to limit yourself to just getting money from your work, regularly think about how you can repeatedly receive money for once done work - replicate your efforts!
This state policy pursues the following goals:
The process of redistribution of income can be carried out:
The most common ways to redistribute income:
Such public policy can not only not lead to the desired effect, but also have a negative impact:
The actions of the state must be extremely prudent. The size of transfer payments must be coordinated with the possibilities of the state budget, otherwise they risk becoming factors budget deficit and inflation. The desired effect will not be achieved, since the benefit of the population from the payment of benefits will be eliminated by a constant increase in prices.
Excessive taxation can undermine market incentives and deeply distort market mechanism. This will help slow economic growth, accelerate inflation and even worsen financial situation low-income segments of the population, for the sake of which the policy of redistribution of income was carried out.
Multiple Sources of Income
In personal finance books published by foreign authors, the phrase is often found - multiple sources of income . However, as a common person can create multiple financial sources, and will they benefit him?
People all over the world want stability and financial independence. Only in Russia and in the West do people put different meanings into these concepts. For Russians, stability is a highly paid job for life, but in the current conditions of our economy, no one can guarantee a stable job and a high salary.
Age of Aquarius. Solving material issues
Western confidence- this is the presence of capital, which is created over a long time by investing in multiple and separate financial sources. Every month they save 10-20% of their earnings by purchasing securities, making deposits, and so on. They actively study new specialties and in their free time are engaged in the development of their own business on the Internet.
Many people, out of habit, believe that one main job is necessary in life. It is enough just to climb the corporate ladder and receive an increasing salary. But, it happens that for some reason, you are fired and this way of thinking comes to an end. We have to urgently think about how to provide for ourselves and our family.
How to get rich in 3 days! Oscar Hartmann
It turns out that financial well-being A person largely depends not on himself, but on other people. You have to change your habitual way of life. How to act in such a situation? There is a need to create multiple financial sources, they will be a kind of insurance in case one source is closed to you.
Various possibilities extra income are actually in plain sight. People just don't pay attention to them. But, if you look at familiar things from a new angle, you can understand why multiple financial sources are needed. One has only to start, and you will immediately understand that your financial well-being is no longer so dependent on other people.
Amazing Facts. How billionaires start their day - the habits of the most successful people
First of all, you need to take into account all your financial sources, even the smallest ones. Next, you need to choose the direction in which you want to continue working. You can deal with increasing the number of financial sources, if you are able to switch from one type of activity to another, then this option is quite suitable for you.
Another option would be to expand existing sources. This is another rule of security and financial security. In this case, you will strive to receive even more profit from each source. You can do additional work, or increase your deposit.
First you need to decide which activity brings the most profit to you and your company. There is an 80/20 principle, which implies that only 20% of the total number of cases make up 80% of the value and significance of everything you do. Therefore, it is necessary to determine what these most effective 20% are.
Whatever the answer, you should spend more time on those activities that bring the most benefits and that allow you to achieve the most significant results.
HOW the Financial and Labor CAMP is arranged in which you live.
Then, determine which of the remaining 80% of activities take the most time and do not affect the final result at all. You need to reduce their volume and eliminate most of them.
If you use the above advice, then soon your results, and, consequently, your earnings will increase significantly. The productivity of your work will improve, you will be able to achieve more. You can do more work with more high level efficiency. You will be appreciated at work and promoted. By learning to do more work, you can increase not only your earnings, but also the time for rest, while the productivity of work will increase.
You must also decide why you need to increase financial sources. What you want: the opportunity to travel, provide for your family, buy a new car, and so on. Every day, ask yourself if my efforts today will lead to the creation of multiple sources of profit. In principle, it is best to start with this question, because then it will become clear to you what you should do.
There are two sources of income: active or linear and passive, residual. In the first case, money is earned by your work, and passive income is when your business, investments, copyright, and so on bring you money.
The poverty trap
Linear income is what we are all used to. Earnings from your main job are considered active income. All sorts of side jobs are also considered active: freelance, business, and so on. That is, this is a one-time reward for the work done. You work - profit comes in, stopped working - the source ceases to make a profit.
The advantage of active income:
Disadvantages of Linear Income:
Passive source of income:
It is worth noting that many people receive active income, as this is the most common way to earn money. However, this is not the only way to make a profit, there is another way, more pleasant, well known among wealthy people. We are talking about passive income, in the creation of which you took part only once. Passive income can be an alternative to, or in addition to, an active source. As a rule, it takes a lot of time and effort to create a passive source, the level of which can be compared with the level of wages.
But, at the initial stage, while you are only accumulating initial capital, in order to speed up this process, you can also use active sources, but it is better not to linger on them for a long time. Get rid of loans, build up reserve capital and start building assets.
Linear sources include: main job, additional work, various part-time jobs, intermediary business, seminars, trainings, tutoring, and so on.
Linear sources of profit are characterized by quick results, which often leads to rapid addiction and dependence on them. Therefore, do not forget that your goal is not money, but the accumulation of initial capital to move to the next stage - the creation of passive sources. Control your expenses, accumulate reserve capital, expand your knowledge and skills and wait for your time to come.
Denis Borisov 2.0 - Funds that cure poverty.
According to financial guru Robert Kiyosaki, the only difference between the rich and the poor is how they use their time. And it's not about how much you can earn, but about what you can save. The rich spend their money to buy assets. The poor have only expenses. And the middle class thinks that it is acquiring assets, and as a result, it receives only liabilities.
Robert Kiyosaki classified sources of income into four sectors, which help to quickly determine what financial sources different people have. Each sector is designated by a specific letter: sector “E”; sector "S"; sector "B"; sector "I". Where E is an employee, S is a self-employed person, B is a business owner and I is an investor.
| Sector | Description |
|---|---|
| Sector E | In the "E" sector are people who profit from wage labor, that is, people who work for a salary and depend on their employer. Being fired from a job, for such people, means the loss of the only financial source that is, they begin to experience financial difficulties. |
| Sector S | In the "S" sector there are representatives of small businesses who independently provide themselves with work and earnings. These are small entrepreneurs, singers, musicians, tutors, consultants and so on. Such people are also dependent on their work, because, having lost their clients, they lose their financial source. But at the same time, they are more free and can decide for themselves how much time to spend on work, how to do it, and how much money to take for their services. In the first two sectors there are people who do some work for money. |
| Sector B | In sector "B" are the owners of large businesses. At the same time, professionals and specialists from the “S” and “E” sectors can work for them. Therefore, the "B" quadrant uses other people's time to make a profit, but at the same time, the business owner must necessarily manage his business. |
| Sector I | In the "I" sector there are people with significant capital, the biggest money is turned around here. Investors use not only other people's time, but also their money. In this sector, people do not work for money, but money works for its owner. |
In any case, creating multiple sources of income will help you make sure that you do what you are interested in in advance. But, at the same time, it must be remembered that only those who have worked a lot before that have a rest. No one says that it is very easy to make a profit from many sources. This is much more difficult than just working at one main job, but at the same time, the benefits, if successful, correspond to the effort and time spent.
Hello capitalism!
This article will focus on the question of why multiple sources of income are needed and how they can be created.
If the main sources of income are only salaries, then this is a rather unstable financial situation. This is especially true if another financial crisis is traced outside the window.
This issue becomes important if these sources of income are blocked due to the loss of a job, and the family needs to be fed, and there are other financial obligations(for example, Bank loan). In this case, the option of earning money in another place will help.
Therefore, in the thematic literature, one can find an interpretation of such a concept as multiple sources of income. It is the creation of such that will contribute to the formation of real financial freedom. Especially if such sources of income generation are passive. In other words, this is the profit that a person receives, regardless of whether he works or rests.
So, what is it and by what criteria can they be evaluated:
1. Opening your own business. This is a type of activity that does not require special participation in the process of functioning, but will require a lot of attention at the initial stage.
2. Income from rental property. It can be personal property both in Russia and abroad. Such sources of family income are fairly stable. At the first stage, it is advisable to have such real estate abroad.
3. Copyrights are quite interesting sources of income generated by various printed or audio, video materials, as well as inventions created personally. The source of such earnings is the receipt of royalties.
4. Bank deposit, which is the most common source of additional income. It is formed by investing a certain amount of money in a bank at interest, which refers to the passive type of earnings.
If today there is only one type of income in the family, then experts recommend adding others gradually.
For the successful implementation of their achievements and developments in order to receive in the future, it is necessary to draw up a certain algorithm of actions:
The direction of activity in which it is planned to create a source of income is selected;
A specific plan for its formation is drawn up;
This plan is being implemented.
In addition to passive, there are also such sources of income as:
work award;
Compensation and compensation for damage;
Scholarship;
Alimony.
Provided that the family receives regular income, it has the opportunity to plan the appropriate level of expenses. Often, however, spreading out spending on future monthly payments, you can find the need for additional payments. Thus, additional financial plans may appear.
It is a completely different matter when it comes to irregular earnings. In this case, it is more difficult to plan the sources of income and expenses, since the size of such an average remains uncertain. family budget per prior year and a moment concerning what the minimum monthly amount is expected to be.
An important issue for the budget of any family is its planning in accordance with minimum size source of income. And if there are surpluses, it will be possible to direct them to cover additional needs.
In this case, it is necessary to repeat once again about the need for the family to have, in addition to the main source of income, also additional ones. For example, if a family member receives only a social benefit, then there is a possibility that changes in the current legislation will lead to him losing the status of a citizen who meets the specific criteria for receiving such benefits.
The best option is for all able-bodied family members to work. At the same time, they should have different places of work, so that in the event of any reorganization at the enterprise, the family would not be left without income. Family income depends on a large number factors, but effective planning will enhance the effect of income growth with their distribution between sources.
Incidental expenses are:
Capital and current repairs;
Purchase of equipment;
Expenses for examination and sickness.
There are also so-called "undesirable" expenses, consisting of:
fines and penalties;
Various compensations (for example, repairing the housing of neighbors flooded with water);
Interest on unpaid obligations.
Summing up the material presented in this article, it should be noted that the preparation of a family budget is an integral part of any "cell of society". Only through effective planning will be able to sufficiently financial level family to exist.
Renting out an empty apartment is an obvious idea for anyone who has one. There are several options for how this can be done.
Not all methods will require additional cash costs. But in this case, your investment is an apartment, because you cannot be sure of its safety.
First, you should decide whether you want to make a profit from the deposit every month, but a little bit, or you will be satisfied with a larger amount once a quarter, six months, a year. In the first case, a savings account with the ability to withdraw interest every month is suitable. In the second case, choose a deposit with capitalization, when interest is added to the main deposit on a monthly basis. So in the end you will get a large amount.
It should be noted that the interest on deposits in Russian banks not very big. To live comfortably on them, you need to keep an amount of several million in your account. According to the simplest calculations, at a rate of 8% from 1 million rubles a month you will receive only 6.6 thousand rubles. With a similar deposit for a period of 1 year with a capitalization in 12 months, you will receive 82.99 thousand.
You can receive dividends from securities every year, but for this you need to choose them correctly. First, it is worth dwelling on preferred shares, and not on ordinary ones: dividends are always paid on the first, on the second - by decision of the board of directors. Secondly, you need to choose promising companies whose profits (and hence the size of dividends) are constantly growing.
The meaning of share investment fund that the investor trusts the company's specialists with their money, and they do everything possible to increase investments. At the same time, the yield on mutual funds, as well as on most financial instruments, not guaranteed. Therefore, it is important to choose a good fund, for which it is worth studying the ratings, reading the rules for entering and exiting the mutual fund and clarifying all the nuances.
Investing in a startup or a growing company is extremely risky: in fact, you give money away and nothing else depends on you. At the same time, the organization can “shoot” and become the second Apple or close in six months. However, with some analytical skills, intuition and luck, you can find a talented startup and get good deductions by watching its success.
The difference in the price of an apartment at the stage of excavation and commissioning is 15-30%. Accordingly, you can buy an apartment, for example, for 2 million rubles, and in a couple of years sell it for 2.4 million. This is a variant of intermittent, but tangible passive income. But it is important to choose a reliable developer, so as not to be left without money in the status of a defrauded interest-holder.
If you live alone in two or three-room apartment, then you have a very profitable tool for passive income. Firstly, renting a room will allow you to share it with the tenant. Secondly, every month you will receive an amount that is enough to survive in the absence of other sources of income.
Of course, living with a stranger in your own apartment is a process for the strong in spirit. But perhaps you are just such a person and this method suits you.
If you have a passion that brings tangible results, you can start selling the fruits of your labor. Let's say you are a talented carpenter and have already given everyone you know stools, or you love to embroider, but don't know what to do with finished canvases. You are passionate about the process, and therefore there are more and more finished products, and it is not clear what to do with them.
Get profile pages on social networks, accounts on popular trading platforms, such as Etsy, Masters Fair. There will definitely be someone who will appreciate your talent. But remember: as soon as you start making things specifically for sale, passive income will turn into active.
You don't have to be a popular photographer to sell pictures. It is enough to register on one of the photo stocks, for example, Shutterstock, Dreamstime, Depositphotos. Each site has a different entry threshold, but among the variety of stocks, you can choose the one that suits you.
With certain talents and skills, you can create a product that will be profitable for the rest of your life. Write a book, application for mobile phone or a program that people will like. You, as the author, will be entitled to royalties for the use of your intellectual work, the main thing is not to forget to include this clause in the contract.
Conducting online purchases through special cashback services, clearance bank cards with the return of interest on the amount of purchases, it may not bring millions. But you will receive money for purchases that you would have made anyway. So why miss out on the benefits?
If you have something to teach people, you can record a video lecture or an entire educational course on your topic, and then give clients access to it for money. This method is good because it will require your efforts only once: you will need to compose a really useful text and record a video.
It is worth considering that webinars will diverge only if your information is unique and advertising will be done by word of mouth. Otherwise, the promotion of lectures will take a lot of time and money.
These options still appear on many lists of ideas for passive income, but it is difficult to call them working in this aspect.
Owning a business is a good investment, but you have to be prepared to work seven days a week. Perhaps the business will even generate income, but it is difficult to call it passive.
Nowadays, making money online is not easy. Blogging is a full-time job that requires a content plan, marketing strategy, quality videos and photos. In order for an Internet resource to generate income, you need to invest generously in it, including financially.
Representatives of network marketing promise high income with minimal investment, including temporary. Allegedly, your team will bring profit, which you will recruit when you start working. But these assurances are true only for those at the top of the pyramid. And you are invited to join its foundation. That is, you will not earn money, but on you.
Do you use other ways to generate passive income? Share them in the comments.
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