How to make money without working?
This is the question that many people do not even dare to think about it.
For most people, their mindset is that no work no money. If they stop working, they do not have money.
That is true in many cases.
In fact, for those who want to know how to make money without working, the fact is that they must still work to save a sum of money for investment.
That is because the only way to make money without working is to let money works for you.
How can we do that?
We must first have some assets thatcan produce money without us working on it.
Let us look at the common ways to make money without working.
1. Plant fruit trees
If you have some space in your garden, you can plant fruit trees that require minimum care.
The initial year is the hardest. You will have to protect the young plants so that they can grow.
Once they are matured, the care is minimal. You do not have to water the mature trees every day, since the roots are deep, and the trees get the water from deep underground source.
If you have the patience, you can plant almond trees.
You will enjoy a free flow of almonds for many years to come.
2. Rent a room
If you have a spare room, you can rent the room out.
You do not need to clean the room anymore, since the tenant has to clean his own living space.
This is one of the most popular way to make money without working. In fact, renting a room out means one less room to clean.
The problem is that you must have a house or an apartment in the first place.
3. Rent out your garden space
Some people just do not have green fingers. However, their houses sit on very fertile ground.
In this case, renting out your garden space for those who want to plant vegetables and fruits is the best solution. You do not need to do weeding anymore, and you have income from your land.
4. Use your car for advertising income
You can approach the small businesses or large businesses in your area.
You tell them that they can use your car as an advertising tool. In return, they have to
That means instead of having your car in plain red or blue or silver color, your car becomes the walking advertising banner for the company that pays a monthly fee.
It does sound weird to drive a car that advocates “Call now for accident attorney”.
Dividend income from stock market investment is another way to make your money works for you.
You have to choose stocks that pays good dividend year after year.
This requires a large capital. Once you have the capital to invest, you will enjoy an income for a long time.
How to make money without working? Many people will point to online income. However, that is not the best idea.
If you are too new to the matter of making money online, you may not realize that affiliate marketing, article writing, and other common ways of making money online are sheer hard work.
You have to put in ten times more effort, and get ten times less money.
That is why letting your money works for you is still the best answer to this question of how to make money without working.
Scheng1 is a passionate blogger from Singapore. Rich in every sense reveals my deep desire in enjoying life, and be rich in every possible ways. Personal Finance is about money, from making money to investing money. Retirement in Asia contains resources on retirement planning.