Few tips on assets you can make massive income from

what are assets?

• Assets are what companies use in operating their business. Liability refers to money that’s borrowed from other sources and needs to be repaid by the company. Also, note that assets should always be equal to the sum of liability and owners’ equity.

What is Financial Health?

• financial health is a term used to describe one’s personal monetary affairs. there are many different features to financial health such as the amount of money or savings you have, how much money you have put aside for retirement, and how much of your money you are spending on fixed expenses.

Difference between an asset and a liability

• Assets and liabilities are different types of resources and obligations of a company or an individual. assets are what a company or an individual owns, which possess a certain worth or value that meets their demands or their respective accountabilities such as debts and legacy.
• while on the other hand, liability refers to the accountabilities of a company or individual. liability is necessary to be accomplished because it can subtract from a company’s value and can cause cash outflows and future obligations.

BEST INCOME ASSETS YOU CAN MAKE MONEY FROM

one thing I taught while studying personal finance, is you must invest in income originating assets.

some of the best profitable income-originating assets include: 

. Paying stocks. Peer-to-peer lending (p2p). online business.  property Crowdfunding. monetized website. private business  

. paying stocks: investing in stocks can grow your income over time. Here are a few steps to get started.

. specify your investing goals When opening a brokerage account, an online broker such as Robinhood or AllyInvest will ask you about your investment goals.

. setting your investment styles investment style, is a term in investment management, referring to how a characteristic investment philosophy is employed by an investor or fund manager.

. understand your appetite for tolerance risk Taking a few online quizzes or questionnaires can help you understand your appetite for tolerance risk.

 

 

. Peer to peer lending (p2p)

Peer-to-peer lending is a method of debt financing that enables an individual to borrow or lend money without the use of financial institutions as an intermediary. These are ways you can grow your income through peer-to-peer lending.

. Creating an account If you want to earn money through investing in peer-to-peer funding, first, you need to create an account and deposit your capital. platforms like hive5 and debitum are considered the best platform to invest in.

. Traverse loan options you can explore loan options and choose the one that matches your tolerance risk.

. Automatic investing tools Automatic investing tools allow you to set recurring contributions to an investment account, helping you to potentially build wealth over time. When you set up an automatic investing plan, you decide how much and how often to invest, and then the recurring investments are made for you. many platforms offer automatic investing tools.

.Diversify your payment by investing in multiple peer-to-peer loans can help you migrate risk

 

 

 

. Online business

Online businesses are businesses that operate on the internet. online business uses digital platforms and tools to provide a product or service to an audience.

ways to earn passive income in online business are as follows:

. Blogging Blogging is the act of creating and publishing content on a website, usually on a specific topic or niche. Blogging can be done for various purposes, such as sharing personal stories, opinions, information, or expertise, as well as promoting a business, building a community, or making money. you can start a blog topic you have ideas about and earn money through affiliate marketing, advertising, sponsored posts, etc.

. Freelancing is getting self-employed and hired to work for different companies on particular assignments. this could be done in various ways such as writing, graphic design, and programming.

. E-commerce store E-commerce is the activity of electronically buying or selling products on online services all over the Internet. selling products through your websites like eBay and Amazon.

. Content creation involves creating content on your YouTube channel, podcasts, newsletters, etc.

. Online education  Online education is a flexible instructional delivery that encompasses any kind of learning that takes place via the internet.

 

 

Property crowdfunding

Property crowdfunding is a type of property investment whereby the funds of many investors (‘the crowd’) are pooled together and used to buy a property or lent to developers as a loan to finance a property development. Typically, individuals contribute a small percentage of the total amount.

How Can I Earn Through Property Crowdfunding

. Start a new property crowdfunding platform you can start a new platform where people can invest in properties and real estate.

. Provide extra services this could be tax or other services related to properties and real estate investing.

.Investing join a project in which you can invest in properties and real estate portfolios.

. Referring investors to crowdfunding sites.

 

 

 

 

Monetized website

Monetization is the process of earning revenue from your online content. 

Here are some ways to earn from monetization.

. website monetization

. Facebook monetization

. YouTube monetization

. Instagram monetization

Private business

What is a private business?

A private business is a business that is controlled by an individual and does not trade its shares on the public stock exchange.

Ways to start up a private business

. choosing your business concept the first step you need to know in creating a private business is having a clear idea of your goal and vision.

. Having a research plan on your competitors and market understanding the market you are going into and who your competitors are.

. Creating your business plan

. Register your business and get licensed

. Funding your business and placing funds on your business is one of the most important steps to take.

. Applying for business insurance will help your business avoid bankruptcy.

. Marketing you business

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I hope these articles help you in earning passive income.

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