I clearly explain that Assets bring in money and liability bring out the money. According to Robert Kiyosaki, the famous writer said Asset means which will give money to our pocket, and Liability means which will take out the money from our pocket .
" MAKE YOUR MONEY WORK FOR YOU "
- ROBERT KIYOSAKI
05) RESIDENTAL RENTAL PROPERTY :
Rent your new houses or your apartment to people. It is the safest way to make passive income, but it needs more money as an investment. I have a friend who bought the loan from the bank and bought a house and rented it to the people. He repaid the loan in 2 years, but he never worked for it. Still, his money worked for him after repaying the loan. He made more passive income as rent and formed that money. He bought another house, and he rented it too, and now he has 27 homes as a rental property, but today he will be getting money passively. He made money work for him, so he became successful. You can also save money, buy a house, get it rented, and make the rent money to make another house and be happy.
04) COMMERCIAL RENTAL PROPERTY :
Commercial rental property you can rent out the commercial places like complex or mall or any workspace. You can get the money more as you rent it out for commercial use. You can get more money than a residual rental property. The commercial rental property may involve some risk, so you better make some documentation. You can also get a bank working for you as an agent for collecting rent if the property is highly valued and demanded.
03) CAR RENTAL BUSINESS :
The car rental business is the business where you want to work more to make the business popular. The more popular business, the more money you will make. Few persons can set up the car rental business, and after setting up the company, you can make money passively. It involves more competition and workers, but we can get the drivers very quickly as of now many are unemployed. Make use of electric cars so you can reduce the cost of petrol and make more gross profit.
02) INCOME THROUGH STOCKS :
The stock market is the place where people make more money nowadays. It is a platform to make more money. The dividend is the company's money to shareholders when they make profits, but you have to be shareholders in the company. You can own Dividend stocks and get more dividend income as well as capital appreciation. It is the only way to make a double profit. It involves more risk, but if you have good knowledge, you can make money. Many online courses are related to the stock market; you can use them and make more money. The investor king warren buffet made $3,800,719,373.25 in dividend income in 2020. The dividend can make richer. The one way to make more money is you need to re-invest the tip to make more money.
" STOCK MARKET IS A GAME, BUT TO PLAY IN IT, YOU NEED TO LEARN TO BE PATIENCE AND FUNDAMENTALS"
- PKC
01) RENT OUT YOUR LAND FOR AGRICULTURE :
Rent your land for doing AGRICULTURE. Nowadays, many empty lands are seen, so make use of the vacant land and rent it out for people for farming. You may not get more profit, but you can save the Agriculture and eat healthily and be healthy. Many chemicals now collapse the Food market in vegetables and fruits. What we eat is full of chemicals, so we can cultivate it on our own and can eat it and make a profit by renting it out for farmers. So I highly recommend it to do it so we can live healthy and wealthy.
Anyone can do anything, so think about it and achieve it. So you be happy and make others happy and help others.
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