I have been thinking of how to augment my income for the past few days. I realized that indeed there is no such as easy money.
If you want to earn more, you have to invest additional time and effort. For me, this is the equation of money: time x effort = money. But this equation doesn't apply for passive income such as bonds because there is no effort. What is essential for this kind of money generating opportunity is time. The longer the time you invest it, the higher the yield is.
Anyway, that can be discussed in a seperate post. Now, I have been focusing on how to earn extra income. There are many options but the question is how to begin.
I am working on my list of possible income streams which I will share to you soon (hopefully before New Year!).
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Yeah you're right effort x time = money. And I want to add something to it.
ReplyDeleteeffort x time + (money + knowledge + determination) = money. We need money (capital) to start everything with adequate knowledge and determination.
Hope to share other ways how we can fully achieve financial success.
hello there! am 42 and very much working for survival... am on the brink of financial ruin and sure hope that your discoveries for gaining financial freedom will be shared here on this blog. hoping to learn a thing or two. dropping by here from cyra's "the passionate slave". ciao!
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