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e7b9f4c6
Community Member

How about securing your financial future with the power of passive income? ๐Ÿš€

1.)Are you tired of solely relaying on salary income?
2.)How about creating income even you are in relaxed mode?

Let me Present a Scenario- You are the person completely relaying on salary- (Boss, just a second. You are taking huge risk).

What if you lost your job due to a recession?

"As per the experts normally 6 months salary is to be maintained by the individual incase of recession in order to thrive in until another job found".

How about creating income even you are in relaxed mode?

Here comes the concept of Passive Income.
Passive Income is such income which can be derived by investing your time only once but the amount raised from such effort will be continuously.

Let's say for example If I create a video on you tube & uploaded it. My effort is made only once, but the income generated from such video depends on viewers . If the video is trending & watched by many people the revenue generated from that video is really high even if I stay stagnant .

what if I could maintain the equivalent of 6 months' salary without actively working?---This can be archived through creating Passive Income.

As the competition is high one must have to create multiple streams of income in order to strive in competitive environment. As per my understandings of Income tax 1961 act:-
Money can be generated through 5 streams of income:-
1.)Income from Salaries
2.)Income from House property
3.)Profits & gains of business profession
4.)Capital gains
5.)Income from Other sources.

Unless & until if you create all such 5 streams of Income you won't be able to thrive in competitive environment. One of such stream enclosed with above is "Passive Income".

" How about generating Income even when I am in sleeping mode?"

Isn't interesting!

Let's provide hope for our families ensuring that financial stability will be perceived even if we are unable to work . Passive income is not like investing in Insurance, its a hope in tough times.

Stay tuned for my next post on how to generate Passive Income.

ACCEPTED SOLUTION

Once the income is generated I am supposed to invest all such passive income to train myself in stock market. We all knew that stock market is subject to market risk. So I use my passive income in order to train myself in stock market as it might generate huge income if I play the bet of perspectives in stock market. If income is highly generated to me my plans are to have a car & make my family happy .

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3 REPLIES 3
bf97c28c
Community Member

Hi, Venkat. It's an inteersting note.  What will you do with the whole generated money?  

Once the income is generated I am supposed to invest all such passive income to train myself in stock market. We all knew that stock market is subject to market risk. So I use my passive income in order to train myself in stock market as it might generate huge income if I play the bet of perspectives in stock market. If income is highly generated to me my plans are to have a car & make my family happy .

That's great. Thank you. 

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