In our course “Financial freedom – Wealth management and financial planning ” we will divide the different passive sources of income into 3 main categories:

1.  Money makes more money –

     Passive income investing

If you have some money already, the smart thing to do is to let it work for you, how can you do it? here are a few ways:

• Generate Passive income using dividend, REIT and interest

• Rental income and incoming cash flow from property or any piece of real estate:
  

  Learn more about real estate investing strategies here.

• Dividend and interest income in the form of cash flow or capital gains from owning securities and commodities, such as stocks, currencies, gold, silver, ETFs, and bonds, is usually referred to as portfolio income:
  

  Learn more about stock market investing, including stock investing, bond investing, ETF and more here.

• Bank fixed deposits and monthly income schemes.

2. The entrepreneurial way, build your own destiny – Work once and get paid for good.

Here are some of great ideas of generating passive income, we believe that you should go through all of them and see what fits you best, but more than that the main purpose is to open your mind so that maybe you could come out with your own creative way of generating passive income and achieving financial freedom:

• Build an online blog

• Make YouTube videos

• Put your photography to work on the web

• Sell products of other people – affiliate marketing

• Write an ebook

• Build an online business

3. Allowances

Not our focus in that course, but still may be an important part of your passive income:

• Alimony, Child Support or Child Trust Fund
• Life annuity
• Pensions

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