Business and Money Tips

We all know that to achieve financial freedom, we need to not work for money and let money work for us. This means we must have income when we are not working, or commonly known as passive income.  Unfortunately, most people never think that they can have passive income, for they think passive income is only for investors and business owners, especially people in Network Marketing or MLM. Today I shall teach everyone how you too can have passive income, even though you are just an employee and hold no investments and not doing network marketing business. That's right, you  hold on to your full time salaried job and get passive income. Passive income, according to the dictionary, is i ncome you earn when you are not actively working or working passively . Notice the key word 'working'. That means you earn passive income  when you work , just that you are not working actively. According to research, there are 3 levels of passive income: At the highest level ...

We all know that to achieve financial freedom, we need to not work for money and let money work for us. This means we must have income when we are not working, or commonly known as passive income. Unfortunately most people think that they can never have passive income, for they think passive income is only for investors and business owners, especially people in Network Marketing or MLM. Today I shall teach everyone how you too can have passive income, even though you are just an employee and hold no investments and not doing network marketing. That's right, you hold on to your full time salaried job and get passive income without the need to take on another job. Passive income, according to the dictionary, is i ncome you earn when you are not actively working or working passively . Notice the key word 'working'. That means you earn passive income when you work , just that you are not working actively . For example,  you are not working the same hours as before.  Acc...

Imagine the God of Fortune comes to your house. The Chinese believe that if you work hard and are positive, you'll get wealth from this God of Fortune. When this deity comes to your house, he offers you 2 choices: an abundant supply of gold and American dollars; and, an oil well. My choice is obvious: I'll still prefer an oil well. Even now with oil price slumping to the twenties and everyone is pessimistic about oil, I'll still prefer an oil well than gold and American Dollars. This is because an oil well is not just about oil. An oil well is about a stream of income . Even if the income is not high now due to the market cycle, the cumulative effect of the income is more than anyone can imagine. Furthermore, the oil well is giving me passive income , and unlike gold and American dollars, the income just come without me working or asking for it . And with the passive income, I can buy whatever amount of gold and American Dollars as I like. Isn't this the best o...