ðĢHow to create "Passive Income"
ðĢHow to create "Passive Income"
Passive Income or income that comes from investing in the first place and we still have income coming in. can generate cash flow for us all the time Even after closing the job, opposite Active Income that we have to work. always invest in exchange for compensation such as salary, wages
ððŧActive Income
- Consulting work, charged hourly
- Get freelance writing
- hire a photo shoot charge a commission
- drive a shuttle
ððŧPassive Income
- Create online courses
- Write an E-Book
- Sell images through the website
- Renting advertising space in the car area
ððŧHow to start investing?
Start by knowing each asset class. Each type has a reward. different risks Should understand and study thoroughly before investing. Choose assets with your goals and risks in mind.
ððŧEquation for investment
Passive Income that we want / year per return / year as %
* Depends on financial and economic conditions at the time, along with other factors.
ððŧ Generate Passive Income by investing
- Savings
low risk Average return/year 0.50% Amount* 120 million baht
- Digital Savings
low risk Average return/year 1.50% Required amount* 40 million baht
- Savings insurance
relatively low risk Average return/year 2-3% Required amount* 20-30 million baht
- Debt
relatively low risk Average return/year 2-5% Required amount* 12-30 million baht
- real estate
medium risk Average return/year 6-10% Amount* 6-10 million baht
- share
high risk Average return/year 8-12% Required amount* 5-7.5 million baht
* This is a rough calculation. It depends on the financial and economic conditions at that time. Other expenses are not included. should be considered in conjunction with other factors.
Only one form of investment can be very risky. Therefore, diversifying the risk through multiple investments is a good way. In addition, we should always do more studies. In addition, we can also create jobs to generate passive income for us.
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