Life after retirement can be great. However, you will still need money to fund your luxuries and journeys. There are many ways of generating passive income after retirement, and your choice will mainly depend on your risk tolerance and your expected rate of return. Here are five methods of getting passive income in retirement: From a Business Building a business is the best way to earn huge sums of money after retirement. To lower your potential losses and increase your potential gains, you can consider starting an online-based business. Service businesses are also preferable to product-based ones. It is important to make sure your website is perfectly done since most people will judge you from the appearance of the site. From Investments Investments will usually … [Read more...] about How to Get Passive Income in Retirement
Do you have a spare room in your home? If so, what are your plans for it? If the room is just sitting there existing with no purpose, you are missing out on a trick. There is no reason why that spare room can’t start making you some extra income - and I’m going to give you a few ideas about what you can do right now. Let’s get started. Get a lodger Students and professionals that travel are always in need of accommodation, so why not open up your home to them and take on a lodger? You can offer them cheaper rates than they would have to pay for renting a house or apartment but still take in a significant extra sum each month. It’s a win-win situation for both of you, and as long as you don’t charge more than £7,500 each year, it’s all tax-free (as of 2016). The boutique hotel … [Read more...] about Boost Your Income By Renting Out Your Spare Room
In this article, the focus is on making money. I want to provide you with some clever ways you can earn money and boost your bank account. But, there’s a twist! As you can tell from the title, the emphasis is on technology. How can you use technology to make lots of money? Funnily enough, there are loads of ways you can do this. However, if I spoke about all of them, you’d be here all day. So, I’ve picked out the best four ideas, and will explain them to you down below: Electronics Manufacturing Naturally, manufacturing is a brilliant way to make money using technology. Think about the technology sector as a whole. Every device you pick up is created using various bits and pieces. If you’ve ever opened up a laptop or TV, you’ll see everything inside. There are circuit boards and … [Read more...] about 4 Clever Ways You Can Make Money Using Technology
The Web is a brilliant way to make money these days. It's enabled more of us to work from home using nothing more than a computer and an Internet connection. And with the growth of mobile 'net usage, it's possible to work anywhere using 4G/LTE and a laptop. You might think that all those people need to sit in front of a computer all day to make a living. But, you may not know that a lot of savvy sole traders have a passive income stream. In other words, they earn money without the need to do much work at all! Want to get in on this amazing way to make a living? Well, first of all, I should tell you that you'll need to do SOME work. When setting up a passive income stream, you must do quite a bit of work from the outset. With that in mind, let me share with you six legitimate … [Read more...] about 6 Smart Strategies For Making A Passive Income From The Internet
OK, so you’ve started your online business. You’ve put together some catchy content for your blog and have been working with an SEO expert to start getting some traffic. You seem to be developing an audience and are finally selling products. But what next? Is your sales volume going to sustain you? Or are you worrying that you might not last the year? If it’s the latter; don’t panic. With an online business, there are multiple income streams to consider. Some might fit your business; others won’t. But all of them are valid ideas for making the most out of your online presence. Here are a few ideas for you to get started. 1. Advertising If you don’t mind ads on your site, this should be your first step. It’s not for everyone, of course - and you’ll need to make … [Read more...] about 7 Awesome Income Stream Ideas For Online Businesses
I'm a big fan of passive income over here. Who doesn't? One of the main reasons I'm so in love with it is because it signals a degree of independence. While it’s a myth that you never have to do any work if passive income tax is involved, there is certainly a lot less effort involved! But what exactly am I talking about when I talk about passive income? Over the past few years, it has become one of the loosest terms in the finance books. A lot of people would define it only as a source of income in which you have no material participation. This is, in a sense, the most accurate way of describing it. Generally, it’s the income you stand to gain from stocks property interest and even capital gains. A passive income is sometimes used to refer to incomes that you … [Read more...] about Can You Earn More with Passive Income than Regular Income?