I realised that everyone can achieve financial freedom in Singapore.
To me, financial freedom is having your passive income exceeding your monthly expenses.
Which means that even you SHAKE LEG, all your expenses will be taken care of, without having you need to work.
There are many strategies that you can use to earn passive income.
I will share with you on how I will generate my passive income.
1) Through my job as a financial associate
From my job, I can create passive income streams.
Right now, I am earning about $1000 of passive income per month if I choose to sleep at home every day.
I will increase it day by day.
2) I am targeting a condominium house in Malaysia.
Yes. I am targetting, one in Danga Bay.
First reason, because its near my house in Woodlands.
Second reason, because the capital appreciation for the properties there is increasing fast and furious.
Third reason, Malaysia government is going to pump billions of dollars for the Iskandariah project.
…and many many more reasons.
I will get an agent to collect rental on my behalf every single month.
3) Royalties from my books.
As I become popular and successful, I will share with everyone of practical methadologies that I have been using to propel myself to success.
If I can do it, anyone in the world can do it.
Everyone can do it!
I am going to write books (cant disclose the topic now…psst…secret) and earn royalties from it.
4) Invest in shares where the companies have history, giving dividends generously to shareholders.
Yes.
This is one source of passive income you can look into.
Of course, you need to check other relevant factors like the transparency of the management, company performance, ROI, cashflow statement, PE Ratio, etc2.
5) Affiliate Marketing
As I become established, I will work with all the rest of the top advisors in this field.
If I find their products (e-books, softwares etc) is useful, I will definitely recommend to others and gain passive source of income from there.
6) Advertising
This will be something minimal.
I am yet to be expert in it, but I will somehow find strategies to earn passive income from it.
Yup… Pray for my financial freedom to come sooner! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
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This post was written by:
- My Quitting Story – Why I Left My Old Agency For The “Greater Good” – May 27, 2024
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- 5 Secret Ways To Make You Feel Better When Handling Challenges In Your Life – May 22, 2021
Hope you achieve your goals in life. With hard work, good planning and entrepreneurial mind/skills, you will definitely succeed. All the best!
Fardah >>> Tks a lot Kak Fardah for your word of encouragement.
With supportive clients like you, insyallah, I will make it up there.
Pray for me… Tks! 🙂
i am hopping that with very hard work on Affiliate marketing, maybe i would be able to achieve Financial Freedom in 2 years time.:~”