EARN WHILE YOU SLEEP

A man should earn because everything has a price even drinking water. A man starts earning after education. His income will not be proportional to his work. The earnings will be less than the quantum of his work initially. Because he is learning the trick and tools of the trade. During the middle age of a man (Man includes woman), his income will match his work output. When he further moves into the old age, his income will increase but work and duty may decline. Because, he mostly will do supervisory and management roles.
Incomes are two kinds. One is active and the other is passive. You earn active income by physically doing work, that is by doing day-job. Passive income comes from rent, interest etc . As you age, active income should decrease and passive income should rise.

HOW TO RAISE THE PASSIVE INCOME?
1. By renting your property like house, shop, car etc. Buying a new property and renting is not advisable or profitable. Your inherited or old property is good for renting.

2. Leasing your company, your land, car or house. By leasing your company, you will get a regular income without much effort in the old age.

3. By investing in deposits, shares (carries risk), corporate bonds, pension schemes, etc. The bonds are said to yield 10 to 12% of interest.

4. Being creative: Your books, paintings , songs, software, writings may sell like hot-cakes and may bring you royalties, if you are very very lucky and talented.

5. Digital income: You tube video, blog, online short courses, websites, online store 'apps' may bring you money, if you are persevere.

6. Reverse Mortgaging: If you have a good house, you can pledge it to a bank (SBI). You will get a regular income on it. And you can live in the house till end. After your life, your son may redeem it from the bank or the bank will auction it.

Money earns more money. Stand on your own leg. Do not expect from anybody, even from your children. Do not fall for unbelievable 'money making' advt.
Plan early, be honest. God will take care of you.
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