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Thank you mate it's rented annually and I am saving the rent for my buy and sell lots investment.That's a good one from your parents mate, you have a good passive income there. you can use it to make money as long as you want as it is a natural source
You are right, passive income not only increases income, but is often used as a future plan for the long term such as retirement where our energy has decreased a lot, and we no longer have to rely on active income.Yeah it is good to have a good passive income it does help to lessen the financial burden would have. You would be able to make good money off it
Additionally, putting your money in real estate is a very good business idea and a very profitable business decision.Yesh different ways adopted by people but one of the best ways to do this is via real estate. This can be capital intensive but real estate business is profitable.
There is a lot of talk about p2p lending and I have not tried it yet, I think that if I find a platform that gives me enough confidence to leave my funds there I will do it
I understand it, so Muslims can only make money through investments that earn returns on revaluations? Can't you make money through interest? for example a dividend or other investments similar?I would never invest in lending schemes as such kind of schemes might be a scam and they involve interest money. I do not deal in interest because I am a Muslim. Having said that, there are many other investment opportunities as well.