Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[kayode10]

Last month, I acquire a book about personal finance and I learnt a lot of things from it.

I learnt that it is good to develop a money mindset in order to stay afloat in this present economic of the world.

One source of income is not good you enough in this present economy. The reason is that inflation keep rising eventually on a daily basis.

In order to beat the inflation, it is good to have multiple streams of passive income. So I want to ask that what are the best ways to generate passive income you know.

 

[Gullyboy]

There are different ways to earn passive income and its better to bank upon the one that can work for a longer period and can provide us stable earnings like rental income so if you have property then you should consider it to rent and earn passive income through it.

 

[Rina2]

Renting, investing in dividend stocks, peer-to-peer lending, real estate investment trusts (REITs), creating and selling digital products, affiliate marketing, renting out unused space, starting and monetizing a blog or YouTube channel, purchasing index funds, and purchasing low-cost index funds are all examples of passive income sources. But, building a reliable revenue stream takes effort, time, and money up front.

 

[Ben Kempton]

Investment in stock and government owned bonds can be a good way to make money passively but you must have some good experience on the best stock and bond to purchase. You can as well stake your coins to earn money...

I would not invest in governmental bonds or other kinds of securities. This is because investing in such kind of securities is quite risky due to many reasons. I would prefer to invest money in the Forex market or in the cryptocurrency market, as these markets are not controlled by the governments. However, they could be influenced by the governmental polices.

 

[btaliat]

It is better for am individual to check themselves first and determine the right way of earning for themselves. This will be make it simpler for them to make much fort themselves passively as passive income greatly depend on skills.

 

[Asfaa]

Best way to generate passive income is giving your property on rent, I used to have an apartment which I given on rent, every month I used to go there and collect the rent nothing was there to work, so this money was coming purely passively without doing anything.

 

[Gullyboy]

The best and reliable way to earn stable passive income is through investment in real estate. If you have a free house or store then you can rent that to any interested person and earn rental income with stability every month and some even go for yearly rental arrangements.

 

[Mr Vector]

That is great because I feel too ; tiktok is harming the generations , the content quality is awful and that ready stings me , when you watch something and feel like you wasted your time watching it .

The problem with tiktok is that the contents that users sees on there timeline is not only from those that they are following but from different other users, which makes us to see even the contents we don't like. Tiktok should work like Facebook that we will only see from those we are following

 

[Ben Kempton]

It is better for am individual to check themselves first and determine the right way of earning for themselves. This will be make it simpler for them to make much fort themselves passively as passive income greatly depend on skills.

There are so many ways to generate passive income and this is why the method to make money also depends. Not all passive earning methods suit all the people. There are many people who may be okay with investing in the Forex market. On the other hand, some of them may not be comfortable at all.

 

[Gullyboy]

Forex trading may not be possible for everyone and considering this to earn passive earnings may not be suitable at least for me and I feel if you have the money then the best and reliable way to invest in Real Estate.

 

[Themask]

Last month, I acquire a book about personal finance and I learnt a lot of things from it.

I learnt that it is good to develop a money mindset in order to stay afloat in this present economic of the world.

One source of income is not good you enough in this present economy. The reason is that inflation keep rising eventually on a daily basis.

In order to beat the inflation, it is good to have multiple streams of passive income. So I want to ask that what are the best ways to generate passive income you know.

It's best to have multiple source of income in this present economy, best ways to earn passive income is investing in crypto though it's risky but you can earn some bucks from it and also you can try Nft, you can stake them to earn some tokens.

 

[Ofonime]

Forex trading may not be possible for everyone and considering this to earn passive earnings may not be suitable at least for me and I feel if you have the money then the best and reliable way to invest in Real Estate.

With forex trading you can generate passive income it's a good business model forex is very profitable when you learn how to trade and have good experience,there are still some others means which you can use to generate passive income but for someone like me I can't just neglect the use of forex as well

 

[Gullyboy]

Forex is one of the riskiest ways to earn money and it requires a lot of hard work, patience and expertise and when you can achieve these you can expect to earn passive income with it. The only problem about forex is it's not legal in many countries and everyone cannot expect profits from it because of the risk factor.

 

[Rina2]

The strategies to produce passive money are the most crucial information in this work. Owning rental properties, buying dividend stocks, peer-to-peer financing, developing and reselling intellectual property, investing in bond or dividend funds, peer-to-peer renting, and starting an online business are a few examples. Before making any investing decisions, it's crucial to do some research, comprehend the risks and rewards, and speak with a financial expert. To achieve financial stability, it's also crucial to keep managing personal resources properly and diversifying sources of income.

 

[freelancermariagrace]

Do not put your eggs in one basket. Have several income streams. There are numerous passive income options available nowadays. Digital items, dividend stocks, and rental properties are examples of them. It is also a good idea to start a YouTube channel. So first, identify your niche. Is it about food? lifestyle? What about travel and adventure? or perhaps others? Your niche should be something you are good at.

 

[Quadri Akande]

Real estate investments, such as rental properties or real estate investment trusts (REITs), can provide steady passive income in the form of rental income or dividends.

 

[Ben Kempton]

Forex trading may not be possible for everyone and considering this to earn passive earnings may not be suitable at least for me and I feel if you have the money then the best and reliable way to invest in Real Estate.

The fact of the matter is that Forex trading is for people who have a lots of money. However, you can still invest a small amount of money, but the percentage of profits would not be that high at all. We must also keep in mind the fact that many exchanges also deduct their commissions on Forex sales. So, income should be calculated after considering this fact.

 

[Wisdom01]

The fact of the matter is that Forex trading is for people who have a lots of money. However, you can still invest a small amount of money, but the percentage of profits would not be that high at all. We must also keep in mind the fact that many exchanges also deduct their commissions on Forex sales. So, income should be calculated after considering this fact.

Yeah I think forex trading is truly for those that are ready to invest huge amount of money into the system , because those that are investing small amount of money would actually want to be investing because of greed and others

 

[Ben Kempton]

Yeah I think forex trading is truly for those that are ready to invest huge amount of money into the system , because those that are investing small amount of money would actually want to be investing because of greed and others

I have also heard that Forex trading is less risky as compared to cryptocurrency market. I think that there might be many reasons behind it. For example, many people still trust the Forex market because Forex currencies are backed-up by the government and Forex currencies eventually reach a high price and prove to be profitable.

 

[Riberet19]

I have also heard that Forex trading is less risky as compared to cryptocurrency market. I think that there might be many reasons behind it. For example, many people still trust the Forex market because Forex currencies are backed-up by the government and Forex currencies eventually reach a high price and prove to be profitable.

I could not say which of the two is more risky I see them really very similar in terms of risk, but it is true that many times we can trust these currencies because they are backed by governments and at the same time not because governments or central banks are the ones who usually dynamite their own currencies, and being able to manipulate them to their liking and create inflation among others, so it is very important to know what currency to operate.

 

[Lens_]

I have also heard that Forex trading is less risky as compared to cryptocurrency market. I think that there might be many reasons behind it. For example, many people still trust the Forex market because Forex currencies are backed-up by the government and Forex currencies eventually reach a high price and prove to be profitable.

In addition to your statement, it's very simple to know because the volatility rate in forex is quite low compared to what you would come across in cryptocurrency trading and that makes it less risky than cryptocurrency investment.