How To Make Money Everyday

            How To Make Money Every Day 

In this period of economic crunch necessitated by global economic meltdown, it is imperative to source for  other medium of making money.During this period of economic uncertainty,you must look for other options to survive and sustain yourself and your family.The economy is biting hard on a lot of households but you must survive.Alot of companies have folded up, lots of men cannot afford to feed their families,lots of youths have dropped out of schools,crime is at the highest level,the standard of living is going higher,there is high cost of living, illiteracy level is at the highest level, etc

All hope is not lost despite the moribund lucidity and iconoclastic nature of our social political and economic lives.Though this problem may be due to human nature necessitated by egocentrism of the political class.As a result of this, the rich benefits more and the hoipoloi suffers most.

There is hope despite the challenges you face.In this blog,am going to be looking at how to make money.Not just money but big form of money.Based on this,you can  change our fortunes and seat among the kings, queens and top shots in the society.In this blog we are going to be looking at the options available on the table.

One of the means of making big time money is through what is called passive income.

Passive income is a form of income that is acquired automatically with minimal labour to maintain.It is combined with other source of income such as side job.It is divided into 

1. Active income

2. Passive income

3. Portfolio income.

Passive income is progressive when the earner puts little efforts to grow the income.It can be another way of creating financial independence and early retirement.Passive income may last for so many years because they keep appreciating.It requires little or no work to produce and maintain. 

You can make passive income through the following ways.

1. Investing in dividend stocks.You could buy dividend stocks to become co-owner.You could buy Mc Donald,IBM,AT &T etc.When these companies grow,you make more money.However, you must invest in strong companies.It is a building block to wealth.

2. Real Estate Investment Trust (REITs).Real estate investment trust are companies that own,operate income producing real estate.REIT own many types of commercial real estate including offices0 and apartment building, warehouses,hospitals, shopping centres,hotels etc.

3. Index Funds.An index fund or Exchange Trust Funds are mutual fund designed to follow certain rules so that the fund can replicate the performance of a specified basket of underlying investment..The rules include tracking prominent index such as the S&P 500 or the Dow Jones industrial average or implementation rules.Equity index include group of stocks with similar characteristics.They include VOO,VNQ,VYM.

4. Being A Banker.This entails loaning money out to people and charging interest for the money given.Here you have to look for people that wants to borrow money with interest attached.However, this is risky because not all of them will pay back.

5. Rent Out Part Of Your Home. This is another way of making money most especially when you have some rooms that are vacant and not being occupied.You could rent out part of these rooms.Also you could also rent out some of your homes to tenants to occupy.They will pay you every year or every months.

6. Making Videos.You could make videos and upload them on various social media website.When they are monetized you make money through passive income.Infact alot of youths are cashing out through this medium.

It is imperative that I discuss how to save money when you start making big time money.

1. You need to review your bills.Figure out those things that you do not really need,what you are paying for and what you need.

2. Know the true cost of what you are buying to avoid spending extravantly.

3. Avoid eating and drinking outside.It will cost you more.

4. Always negotiate the price of what you are buying.

5. Sell your unused stuff.It occupies space.

6.Pay your bills on time to avoid paying penalties for late payments.