Simple Finance

 We all think about how to make extra money outside of our daily routine. There are many different ways of making money. To make money we need to understand basic of different type of incomes. Here i have put in simple terms what is Active and Passive income. I will be discussing them more in my future posts. What is Active Income As it's kind a clear from word "Active", active income mean income from actively performing a task. This task can be a service or manual work e.g. Project Management or a Electrician. According to Investopedia: Active income refers to income received from performing a service. This includes wages, tips, salaries, commissions and income from businesses in which there is material participation. For example, an accountant who works for a monthly paycheck receives active income. From < https://www.investopedia.com/terms/a/activeincome.asp > What is Passive Income? Real definition of Passive income refers to...

Like my other posts, i will keep this short and sweet! Also i will be improving this list in future, so you can either subscribe to my blog to get updates or check back again! Wake up early: Waking up early gives your brain time to wake up with you and start the day relaxed. If you start your day in a rush, your mind does not have time to prepare hence it cannot help you organise your day. It's very important to not stress yourself first thing in the morning, some people like exercising in the morning and exercise relaxes them, some people like to have good breakfast. In Any case you need to find out what's best for you and rushing in the morning or waking up late is not good at all. Learn to fail: We all try to be successful in everything we do, but reality is that never works out. We need to be able to learn from our own and others failures. By doing that we are gaining experience which we would not have if we always succeed, use that as your asset instead of dwelling. ...

n my previous posts i have talked about what is Active and Passive Income . Now that we know the differences, let me list some of the Passive Income Ideas here. I know there are many other places you can find this list but what i am going to do here is to give you the right passive income ideas. NOTE: There is no easy or "Quick Way to Get Rich", so what we can try acheiving is to work smart and acheive what we would like to acheive. Here is a simple list of passive income for Simple Entrepenuer. Medium Medium has a partners program, if you can write and you like writing like me. This is one of the places you can do what you like and make some money! Once you have written an article, that stays there and keeps filling your pockets. Write a book If you love writing and you have written about a topic few times. I am sure you can take that material and create a book which you can release on Kindle or other platforms. Once a book is written and if it is succe...