Most of us make money by trading our time. This is where most begin but what really separates people in the future is how well we put our money to work. Gettingy our money to work for you is called passive investing and it takes many different forms.

ResidualIncome is the passive income that comes every month whether you show up or not.It’s when you no longer get paid on your personal efforts alone but you get paid on the efforts of hundred or even thousands of others and on the effort of your money. It’s one of the keys to financial freedom and time freedom.

– SteveFisher

Below are different tips one can look into while selecting what investments to focus onto generate passive income:

1.    Your understanding of the investments:You should never invest in things you do not understand. So, the starting point is seeking knowledge and mainly on how the money is made and how the money shall be paid back;

2.    Review alternatives: Knowing what the various available options in the market are helps in one making a well-informed decision;

3.    Available time: Some passive investments might require a lot of time at the onset or even along the way and it is therefore important that you review to ensure that you have sufficient time to do this;

4.    Understand your investment goals:Investing for specific goals important so that you are matching your investments to the goals. Also, if there are no specific goals ensure you are getting the best reward for the level of risk;

5.    Select the right partners:  Investing is a long-term game. It is therefore important that one walks the journey with the right people. If it is business choose your partners wisely. If it is indirect investment select the providers well.

All in all, investing passively is what all of us should aim at and as per the recommendation by Robert Kiyosaki, you can only be financially free when your passive income exceeds your expenses.” If you want to start this journey with us, reach out to us at Info@elizabethnkukuu.com.