Having a second Source of Income

raaman

Valued Contributor
What knowledge and skills do you have that are of value to others? For example, if you know electricity and plumbing you can earn extra money doing repairs. If you know how to make cakes you can make and sell birthday cakes. The key here is to find the value you can bring to others.
You can invest in assets to generate passive income. Generally, an asset is anything that produces recurring income without work or effort on your part. Some examples of assets are real estate properties that are rented such as flats, and shares of companies that give dividends. The key here is to know the type of asset in which you invest to distinguish those that are profitable from those that are not.
 
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