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Frankly speaking, I do not have any strategy for making money online. I just join legitimate survey sites and take surveys when they are available. I also post on Discussion Bucks and RIF.
Online tutoring is for sure a good way to make money online. But you need to have specialized knowledge or qualifications to get students to attend your online class.
I do not have any passive income sources online. My passive income source is the dividends I received from stocks I bought. I also receive interest payment from my fixed deposit account.
I currently do not have any plan to make big money. I am satisfied with the relatively stable income from my freelance work. Other than doing translation, I have started offering business consulting service for SMEs. Hopefully, that will increase my earnings to a certain extent.
My main sources of passive income is from interests of my fixed deposit account and dividends received from stocks I buy. For interest payment, your bank balance must accumulate to a certain amount to receive a decent amount of interest. That will take time.
I have three bank accounts. All of them are single accounts. I am the only person who can withdraw money from the accounts. BTW, I have not written a check for many years. I mainly do bank transactions through ebanking.
I can manage living alone. I will not feel lonely because I have many things to do. I have my freelance work and have a few hobbies. When I need to chat with family members or friends, I can contact them online or meet with them face to face.
Set your own goal and have trust in yourself. Then go ahead and do it. Even you may not be successful in the end, at least you've tried it. You never try, you never know.
You have rightly pointed out the ways to ensure stable and consistent passive income. If you invest in stocks, make sure you have a diversified portfolio and keep yourself updated on industry trends.
I will not take out a loan to invest in stocks. But I will consider taking out a mortgage loan to invest in real estate. The rental you receive is a great source of passive income, and the value of your real estate may appreciate over the years.
Generating passive income is actually not very hard. You may buy dividend paying stocks. If you have money in a fixed deposit account, you earn interest. If you have good writing skills, you may publish ebooks.
That depends on the assets you want to purchase. For small assets, you may achieve your goal by saving. But if you are talking about buying real estate, you may need to take out a mortgage loan.
I mainly invest in dividend paying stocks to generate passive income. I receive dividends once or twice a year only but I find the amount satisfactory.
I have joined some sites which pay people to do certain tasks. But I found some of the tasks are very tedious or boring and the pay was low. I currently just post on forums and take surveys.
There are many ways to make money online. You can make some money by posting on forums or taking surveys. But the amount you can earn is pretty low. If you have particular skills, you can be a freelancer doing translation, graphic design or technical support online. You can earn much more doing...
I have just taken out loans on two occasions. One was applying for interest free loan from the government to pay for the university tuition fee. Another was the mortgage loan when I bought my apartment. When I was in debt, I instructed my bank to auto pay the borrower every month.
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