Passive Income

Don't Be Poor · 1 Passive Income Sun Aug 23, 2020 8:44 pm

Don't Be Poor

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Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income. Examples of passive income include rental income and any business activities in which the earner does not materially participate.
Advantages
1. Passive income can lead to financial freedom
2. There is no limit on passive income
3. Passive income can come from a variety of sources
4. You can be your own boss
Disadvantages
1. Setting up passive income streams takes time and effort
2. Passive income streams don’t grow overnight
3. You need to diversify to ensure that you have money flowing in at all times
4. Passive income can be too passive for some people
Passive Income 11017410

Mithooshan · 2 Re: Passive Income Sun Aug 23, 2020 8:51 pm

Mithooshan

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How do you suggest someone should utilize their weekends to help generate Passive Income. That is why i started investing in CSE last month and learning the market now.

I was AAT qualified by 19 before A/L And CIMA by 21. Worked for three years for John Keells and now going to work for Softlogic. (I am 24 now)
Nothing helps if you go in this stupid system. Millions of savings generated for the company will not help your financials end of the day.

I don’t really want to see myself working after 40. Would love if you could share your wisdom. Thanks.

Don't Be Poor · 3 Re: Passive Income Sun Aug 23, 2020 9:07 pm

Don't Be Poor

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LEARN. EARN.SHARE
I learn from "SENIMA INVESTING" Chanel. (I don't know who said it before)
I am a beginner to the CSE and I just start Investing very small amout. Then I share what I learn new. (for me).
I like to invite Big Guys who have better understand about stocks, bonds or any investing fields to come and share your valuable knowledge.
Thanks.

Mithooshan · 4 Re: Passive Income Sun Aug 23, 2020 9:19 pm

Mithooshan

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There is a channel called SL Biz i have learnt a lot from that. Watch some videos. Also CSE Daily youtube channel, if you are working you can check this out at night to keep you updated on how market has moved in the day.

Kipling · 5 Re: Passive Income Mon Aug 24, 2020 8:27 am

Kipling

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Mithooshan
Very interesting comment on stupid system. You seem a very sincere person. Join TheEquityCheck. We can talk privately.

chathura123 · 6 Re: Passive Income Mon Aug 24, 2020 8:54 am

chathura123

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@Mithooshan wrote:How do you suggest someone should utilize their weekends to help generate Passive Income. That is why i started investing in CSE last month and learning the market now.

I was AAT qualified by 19 before A/L And CIMA by 21. Worked for three years for John Keells and now going to work for Softlogic. (I am 24 now)
Nothing helps if you go in this stupid system. Millions of savings generated for the company will not help your financials end of the day.

I don’t really want to see myself working after 40. Would love if you could share your wisdom. Thanks.

Mithooshan
Don't worry I was graduated at age 24 in science degree and while working I followed cima degree now I m running my own construction and e commerce business.
First you should get knowledge on practical issues from your job. You are blessed with cima quaified at 21

KavinduTM · 7 Re: Passive Income Mon Aug 24, 2020 7:06 pm

KavinduTM

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@Mithooshan wrote:How do you suggest someone should utilize their weekends to help generate Passive Income. That is why i started investing in CSE last month and learning the market now.

I was AAT qualified by 19 before A/L And CIMA by 21. Worked for three years for John Keells and now going to work for Softlogic. (I am 24 now)
Nothing helps if you go in this stupid system. Millions of savings generated for the company will not help your financials end of the day.

I don’t really want to see myself working after 40. Would love if you could share your wisdom. Thanks.

I have kinda similar idea. Basically i don't want to work on a 9-5 job. I always wanted to be my own boss.So currently i am following few online money generating activities such as freelancing,YT. share market, binary options etc.

I don't have much experience to share as i'm still 18 but i'm pretty sure i'm gonna make it and achieve freedom of the life who (working on a daily job till 60) won't understand.

It is not like i am downgrading those who work on 9-5 jobs. Just i feel so busy looking into their lives. I have so many close examples such as my father,mother,cousins,neighbors. I feel uncomfortable watching them,that how they eat work sleep, and repeat.They don't even have time to think,do what they want.I feel sick thinking about that.

Just my idea.

Good Luck mate.

Don't Be Poor · 8 Re: Passive Income Mon Aug 24, 2020 7:33 pm

Don't Be Poor

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@KavinduTM wrote:

@Mithooshan wrote:How do you suggest someone should utilize their weekends to help generate Passive Income. That is why i started investing in CSE last month and learning the market now.

I was AAT qualified by 19 before A/L And CIMA by 21. Worked for three years for John Keells and now going to work for Softlogic. (I am 24 now)
Nothing helps if you go in this stupid system. Millions of savings generated for the company will not help your financials end of the day.

I don’t really want to see myself working after 40. Would love if you could share your wisdom. Thanks.

I have kinda similar idea. Basically i don't want to work on a 9-5 job. I always wanted to be my own boss.So currently i am following few online money generating activities such as freelancing,YT. share market, binary options etc.

I don't have much experience to share as i'm still 18 but i'm pretty sure i'm gonna make it and achieve freedom of the life who (working on a daily job till 60) won't understand.

It is not like i am downgrading those who work on 9-5 jobs. Just i feel so busy looking into their lives. I have so many close examples such as my father,mother,cousins,neighbors. I feel uncomfortable watching them,that how they eat work sleep, and repeat.They don't even have time to think,do what they want.I feel sick thinking about that.

Just my idea.

Good Luck mate.

Grate explanation . Thank you for sharing ideas. Ideas are more expensive in this era. Lest's share our ideas for others.

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Passive Income

1 Passive Income Sun Aug 23, 2020 8:44 pm

Don't Be Poor

2 Re: Passive Income Sun Aug 23, 2020 8:51 pm

Mithooshan

3 Re: Passive Income Sun Aug 23, 2020 9:07 pm

Don't Be Poor

4 Re: Passive Income Sun Aug 23, 2020 9:19 pm

Mithooshan

5 Re: Passive Income Mon Aug 24, 2020 8:27 am

Kipling

6 Re: Passive Income Mon Aug 24, 2020 8:54 am

chathura123

7 Re: Passive Income Mon Aug 24, 2020 7:06 pm

KavinduTM

8 Re: Passive Income Mon Aug 24, 2020 7:33 pm

Don't Be Poor

9 Re: Passive Income

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