In this post, i will try to make a concise synopsis of ways to earn passive income...and the list will go on increasing as my knowledge increases and as per readers suggestions...
1) Interest income :----Bank Deposits..RBI Bonds...Company Deposits...Post-office Deposits etc...we will see later that relying only these products, you will never achieve your target....as per my obsevation, these interest rates are +- 1% inflation rate....and post--tax, you will loose money, inflation and govt will eat your money....but this is risk-free and smooth running.
2) Dividend income: --- Dividend earned from Shares of company or Mutual-Funds....is carefully choosen, dividend income can give you enough passive money-flow.
3) Rental income :--- You can built houses, business premises in important, busy areas. and rent that for continuous flow of passive money.
4) Business :-- Profitable business ideas, either run by you or your representative...this is best source of passive money....i will open a new thread to discuss various business ideas which is passive....will not demand lots of your time.
5) Royalty Income :--Royalty earned from writing a book or patents.
nice article......good points....just keep it up
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