Today, i am going to touch on my personal finance. Currently, i have income from tutoring, part-time sales, web business. The combined income i get from the 3 sources averaged around $500 to $600 every month. Of course, none of the income is really passive and in fact, some really take up a huge amount of my time and mental strength. Coupled that with the fact that i am so concerned over my studies, the whole work thing is actually adding additional stress to my personal well being.
Yet there are numerous benefits to a healthy passive income stream like better financial freedom to do the things you like or eat the things you want. The passive income stream can come in various forms which i will actually start doing once my expenditure account reached $5,000. I have 2 accounts, 1 for savings, where all my fees and loans are paid from and another, my expenditure account that
i used for going through life from day to day. These are the few things i would like to get started on:
1. Investing in low risk securities
2. Starting a service for university undergraduates and graduates
3. Buying more investment linked products that actually generates revenue
4. Getting started with being a broker for various financial related services that can improve my knowledge of the market
Truthfully speaking, there is a ton of things i would like to get started on and all that must start from one thing: capital accumulation. Only through capital accumulation can one gathers the sufficient resource to indulge in higher pursuits. Of course, the combined effects of capital accumulation through friends, families or even strangers is so much more stronger than just 1 person.
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