Offline passive income

[josh]

Most talk of online passive income but money can generate passive income if kept in banks where one is guaranteed steady income. These days the interest rate is low but one can relax as all what one needs to do is keep the money there and enjoy the interest that is generated Cumulative deposits will result in more money getting generated.

Do you deposit your money in banks? You can also risk giving money to money borrowers who pay higher rates of interest.

Every individual should follow the saving habit at earliest..Lots of ways spread around to multiple the money.If one is affordable to bear the risk can earn high profit.Post office schemes are available for better rate of interest than nationalised banks . One should not depend most on Online earnings .. except the high skilled employees..

 

[moseschidera]

Leaving your money idle with the bank to me doesn't add up cause I feel like much more profit can be made with those money if it's well used for online or offline businesses.

 

[saoussen5765]

Leaving your money idle with the bank to me doesn't add up cause I feel like much more profit can be made with those money if it's well used for online or offline businesses.

This is because the monetary value of the money is decreasing day after day but if you invest there is the possibility that you may lose or even gather profit from the investment. This is why savings account is not profitable.

 

[fcbetting]

Today I added more tokens in space token. Convert over 700 FEY into BTC and than into SPACE. I hope one day I would have over 5000 SPACE tokens. That would give me few cents every day as passive income.

 

[eldavis]

Yes keeping your money in the banks as savings is a great way to get passive income but like you said what you get are usually very low. But if you have a reasonable amount you have saved, it would still be better than notting.

 

[freelancermaria]

I only recently learned about the time deposit. If I am interested in starting one, my bank has notified me. As a result, I opened a time deposit with a minimum deposit of Php 10,000. It will begin to accumulate interest next month.

 

[Rubz]

It is very possible to earn passive income offline. Some of the offline passive income sources are; renting your building out, investing in dividend paying stocks where one receives payment from the company's profit.

 

[kirubel]

Yeah most of the time we talk about online passive income and that is because it is easy and fast way to generate good amount of passive income , but on the offline world there are so many ways to get some passive income like renting car, house and room, and renting things that we don't use frequently.

 

[nomad]

Renting properties is one of the best ways to make passive income offline but sadly this method involves in buying properties first, and you need a lot of money for that purpose.