Passive Income / myLot

Philippines

March 20, 2019 7:24am CST

Since everything seems to be more expensive nowadays, I have decided to research more about having a passive income. I know that we all have to save up but it looks like the banks doesn't compensate our deposit enough in preparation of inflation. Good thing that we can invest now even with just small amounts. Just keep on adding more as you go along in order to have a decent amount to gain a higher interest. I'm still working with other ways to earn some passive income so that in the future, I might have a fighting chance of retiring earlier than the usual retirement age. How about you? Do you think about future financial stuff as well? Thanks for reading.

6 people like this

6 responses

Danna B.

@db20747 (43434)

• Washington, District Of Columbia

20 Mar 19

Yes and am looking for more ways to make more money through writing, real estate, etc.!! What ways a re you making passive income!!

2 people like this

Jaymie Suh

@cherriefic (10400)

• Philippines

20 Mar 19

I have started investing already. It seems that it's the best way to keep our money these days. I also do several online jobs.

2 people like this

LindaOH

@LindaOHio (158688)

• United States

21 Mar 19

I am trying to earn extra income by writing reviews; but I have yet to find a new venue for my posts. All the other sites have either closed down or don't offer any compensation. We are retired so we have already taken care of our financial future. You can never start planning too soon!

1 person likes this

@cherriefic (10400)

• Philippines

22 Mar 19

I suggest you get your own blog and just research on how you can monetize them. That way, you can earn more than posting it to random sites.

1 person likes this

LindaOH

@LindaOHio (158688)

• United States

22 Mar 19

@cherriefic My writer friends have not done very well with their blogs...but thank you for the suggestion.

@redtesha (1773)

• Indonesia

17 May 19

I always save almost half of my income to bank. But since the beginning of 2019, I am always buy stock and buy mutual funds. I realize these are better and more satisfying than saving money at bank. But of course, I have to learn first so I don't make a wrong decision.

PsalmOneCares

@everwonderwhy (6697)

•

25 Mar 19

I still am on the lookout for a 2nd employment-- part-time/casual. handing out resumes or CV. I only spend for something I need when I have saved money for it. Usually, I change my mind after 2 fortnight pays, I end up saving the money instead. I hope you find what you are looking for as a stable income. Good luck! You can do it!.

1 person likes this

Jaymie Suh

@cherriefic (10400)

• Philippines

26 Mar 19

Thanks for sharing! Yes, I think it's better to always have a back up just in case.

Jim Bauer

@porwest (78757)

• United States

17 Jul 19

Anyone who knows me here knows all too well money is all I ever think about. As for passive income, I have many sources of it, and it pays dividends.

Jaymie Suh

@cherriefic (10400)

• Philippines

19 Jul 19

That's a good source of passive income. Are you planning to become a millionaire as well?

1 person likes this

Jaymie Suh

@cherriefic (10400)

• Philippines

23 Jul 19

@porwest I guess most of us are dreaming of becoming a millionaire but just a few people are really working on making that dream come true. Good luck with your plans.