Hi All , Want to know ur idea of passive income.. Read a lot on net and found below 1 ) Interest earned on FD - Depends how much u saved and can be varied as per roi changes.. 6.5 - 8 .. Not fixed . 2) Dividend income - Buy share .. keep it for long time.. If it happens .. U will get dividend 3) MLM marketing - Avon , Oriflame , Amway .. just a name of few 4) rental income Whats ur bet for fixed Passive income.. All ideas are welcome..
If you are blessed with talents that itself will generate income... Infact you are using your talents without frittering away.
Invest in good viable start-up projects who seek seed capital through crowd funding or angel investors, with clear understanding of ROI /equity. There are a number of forums that help you identify such start ups where due diligence is been done & verification checks are done for the ease of the investor.
Thanks @BS157 , @Hobby I doubt if hobby income can be considered as passive as we need to put our time in that .. I think investing in startup can be considered as passive source of income as we need not to actively manage that ..
1,2 and 4th are called passive in come ,where as in 3rd option u have to put efforts to get return.in this one advantage is u dont need any capital, where as in first 1,2,4 option u need capital amount based on ur required return. now a day FD are giving very less interest but if want return without putting any efforts than go for it..if u want aggressive return you need to work on this and trade in stock market( very risky),u cant take help of advisories on these who are registered with SEBI govt org( Beware of fake advisers). OR go for mutual fund ,balanced risk. hope this will be useful..
@sonal1611...You are welcome. If you want any pointers, pls feel free to PM me. I'd be happy to share my inputs.
Agree with @28neha My point for FD as Money will work for itself.. Definitely Initial money I hv to chip in as an active money source. but then it will become passive after some months..
