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
passive income
4 Clever Ways You Can Make Money Using Technology
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
6 Smart Strategies For Making A Passive Income From The Internet
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
Can You Earn More with Passive Income than Regular Income?
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?
