Money - Deepstash

💰

Money

26 STASHED IDEAS

What you need to know about passive income

Most people think of generating passive income as something that requires little or no effort. While this can be true in some cases, you’ll only be able to make a decent amount of money if you invest. 

When deciding on a passive income strategy, you’ll have to decide if you’re more comfortable investing time, money, or both. There are no ifs or buts – you have to invest if you’re looking to get something out of your endeavor. 

7

STASHED IN:

47

4) Add value to an existing product

The difference between raw wood and finished lumber is a good example of putting a product through an additional process which increases its value, but additional processes are not the only way value can be added. You might also add services, or combine the product with other products. For instance, a local farm which sells produce also offers a vegetable delivery service; for a fee, consumers can have a box of fresh vegetables delivered to their door each week.

Focus on what products you might buy and what you might do to them or with them to create a profitable business.

4

STASHED IN:

126

3) They exercise

Regular physical activity can give you back four extra hours of productivity each day. It can also boost your mood and prevent diseases like stroke, metabolic syndrome, type 2 diabetes, and depression.

If you haven’t already, add about 30 minutes of exercise into your daily routine to get the blood flowing and improve your mental clarity so you can be at your best.

7

STASHED IN:

81

STASHED IN:

0 Comments