Never depend on a single income. Make Investment to create a second income. It is famous saying by the richest man in the world – Warren Buffett. Most of us rely on a single source of income. A single income has become familiar and accepted norm everywhere. However, it’s risky. You never know that when that source may dry up. Perhaps your company goes out of business, or you get fired. So to overcome situation mentioned above, it is always […]
Passive Income. Everyone today desires for a passive income. Everyone wants to make money without doing anything. But, most of the people don’t have a mindset of making passive income. Let’s try to understand this by doing one simple exercise. Think for two minutes and answer one simple question. In the future, how you visualize your cash inflow? In other words, what will be your main source of earning in the future? I am 100% sure that maximum people have […]
Before talking about passive income first, let’s do a simple exercise. I will ask few questions and I expect you to answer these questions in two minutes. Let’s start. What is your money making mindset? What will be your primary source of income in life? Just visualize and try to answer this questions. Ok, what comes into your mind? I bet that maximum people have thought about Job or business for making money. Some smart people might have thought about […]
A Passive Income is a key of achieving financial independence. The Famous Investor guru Warren Buffet always says “If you don’t find a way to make money while you sleep, you will work until you die”. The crux of above saying is you must generate a passive income, else you will never achieve financial independence. Let’s try to understand this with an example. When you think about your work life it’s finite. You will stop working someday, if not now, […]
Making Money after death? What are you talking about and why I will need money after death? Well, it’s simple, majority of us purchase insurance in order to secure family’s future. In case of unfortunate death family member will be paid with specific insurance amount. This amount will be used by family members to secure their future or to live life comfortably. In short you need to make provision for money after your death for your family members. There are […]