9 Most Effective Passive Income Sources of Our Time

a wrench and a watch

While we are busy struggling to make our both ends meet, the concept of passive income allures almost everyone of us. Isn’t it enticing to imagine, that you are making lots of money with minimal work and even when you are sleeping. With right passive income sources, it’s possible!

But then questions arrive like if it’s possible then why not everyone is making money passively and what skills or mindset is required to develop steady passive income flow. You will get an insight of all these questions here. 

In this article, you will explore the answers to these questions and I will also share with you some effective passive income sources that are getting appreciations across nations.

Passive Income Definition

It’s a method that generates income with little or part-time involvement and one can conveniently pursue this involvement alongside the main profession that he/she works for.  

The most powerful advantage of this process is perhaps the biggest fear of it too and that is – NO LIMIT OF EARNING! One can earn huge income or it may not generate even a single penny. It greatly depends on the source that is picked and the kind of involvement one shows. 

The MYTH of passive income

There’s no wonder that so many people are earning an insane amount of money passively. But the MYTH is that it requires no hard work! Earning huge amount of money will always ask for hard work and dedication. 

There are numerous stories which says how someone started working on some passive income sources and how after a while, the person decided to quit the job and accepted the passive as the prime income sources! 

These are inspiring for sure, but the transformation has not taken place overnight or without effort. It requires sincere involvement to generate lucrative cash flow from any sources. 

Before I go on explaining some of the best passive income sources of our time, let’s have a look at some of the key features of it. 

  1. The most attractive feature is that You Are Your Own Boss! No one is in charge of your work but you.
  2. There is no fixed hours to work on passive sources, one can utilize the free time for it.
  3. Working From Home is another big advantage that everyone craves for and it is available here.
  4. One can work on multiple sources of passive income simultaneously.

So, if you are planning to utilize your free time the best way while earning some money as well, the following passive income sources are certainly something you should look at.

Most Effective Passive Income Sources of Our Time

I have not followed any precise order while explaining the sources. My concern was to prepare a list of sources that are actually attainable by most of us. I personally work on few of these passive sources.

  1. Stock Market

We get to read a lot about how stock market investments have changed the lives of so many people. It’s absolutely true that thousands of people have made their fortune from here. One doesn’t need to put in physical effort, but yes, sound technical knowledge is very important to protect and earn money.

stock market terminal screen

Requirements: Unlike other sources, you need a chunk of excess money to invest in the stock market. That’s not it, you must know where to invest, when to invest and most importantly, when to withdraw the invested money. One needs the technical and fundamental analysis skills to decide on this. 

Caution: Picking up the right stocks isn’t an easy task. While the right type of investments may allow insane profit, wrong selection of stocks may wash away the entire investment. 

  1. Freelancing

With the advancement of internet service and connectivity, working opportunities have increased for sure! Global employment is possible with this facility. Freelancing is such an opportunity where one can offer specialized services anywhere in the world. It could be photography, data service, designing, accounting or anything else for that matter.

Requirements: One must have specialized skills in a particular work-field. Apart from that, the only requirement is a medium to connect with clients and transfer the work. Good communication skills may be of help.

Caution: One can hire freelancing assignments from both direct and virtual clients. In both instances, a written agreement is very important. One should also verify the payment terms and conditions. 

  1. Blogging

If you are passionate about writing and got some skills too, blogging is perhaps one of the most lucrative passive income sources for you! Thousands of people are trying their luck in blogging and without any surprise, many of them are SUCCESSFUL! Blogging itself offers so many different avenues to make more money with decent efforts. 

blogging - passive income sources

Requirements: It is best to have an own website for blogging rather than trying free platforms. Having specialized knowledge on a particular subject always helps to deliver impressive quality contents. Moreover, one should have knowledge about the different income avenues that blogging can generate. 

Caution: Blogging demands serious efforts to generate income. One needs to spend time researching and preparing quality content and such investment of time and energy should be a regular process. Casual blogging often fails to generate income, sometimes, even after spending months and years, the income remains zero! 

  1. Coaching classes

Offering specialized coaching classes at the free time is yet another attractive source of making huge money passively. If your classes contain true value for the students or professionals, you will soon develop a decent income source. 

Requirements: Subject specific knowledge is important and you must have expertise on that subject to organize valuable classes. Whatever the subject is, one needs to be passionate to help people with knowledge.

man taking class of students

Caution: Value for time and money is what people will look for from the classes. In this competitive market, if one fails to offer these two qualities, people will get distracted easily!

  1. You tube

If you want to showcase your talent to the world, YouTube is giving your platform to do that. And the best part is that there are income opportunities too if your work is appreciated by the mass people. There is no exaggeration to the fact that many have left their traditional job to invest more time here. The platform opens up so many other income opportunities for the sincere people. 

Requirements: You need to create videos that offer some knowledge or entertainment. Of course you need to be consistent with creating and publishing videos on your channel. As long as it offers some value for time, it will be appreciated by others. 

Caution: It takes solid efforts to shoot, edit and create good quality videos contents. Sometimes, you may need the help of others. On the other hand, YouTube has the complete control over the monetization of your channel. Failing to obey the guidelines may cause problems with the income.

  1. E-books

Do you know how easy it is now to write and publish your own Ebook? There has always been great demand of knowledge and it will hopefully remain so. The only change is in the medium to grab the knowledge from. In this age of smartphones, laptops and tablets, the electronic form of books is vastly appreciated amongst all. 

If you have special skills and knowledge about something and you want to share that with others, you can easily go for writing your own ebook. If the content of your book is worth the time and money, chances are you will generate decent passive income from the ebooks. 

Requirement: Vast knowledge on a particular field (that you wish to write about) is the foremost important thing. Moreover, it requires a lot of patience and planning to complete writing a book successfully. In most cases, the right promotion of the book is also important. 

Caution: One needs to consider the fact that even a good ebook may not generate income immediately after being published. However, it can be the other way around too!

  1. Financial investments

According to me, stock market investment is different in many ways than other long term investments. Unlike the first option, it may not require sound technical knowledge and most importantly, one needs to stay invested for a long term (more than 5 years).

There are Mutual Funds, Public Provident Fund, Govt. Bonds and many other schemes which can successfully generate passive income in the long run. But don’t make the money mistake of jumping into any of these randomly.

Requirements: It may not require technical analysis skills, but  thorough analysis of your situation and demand is necessary to know before investing. Patience and Discipline are the two other pivotal requirements for this passive income source. 

Caution: Investments are never risk-free. There are risks involved with such investments as well, but if one can show discipline and patience, it’s possible to generate lucrative passive income from these investments. 

  1. Rent your properties

We often consider a big house and cars as luxury of life which is true to some extent. But most of us do not consider that these luxury properties can generate income for us as well!

Yes, giving your property on rent is one of the best passive income sources that you can ask for. It can be a lucrative source of steady and regular income.

Faster Transformation With These 12 Health and Fitness Tips!

girl exercising

There was a time, when despite regular exercise, I was not getting the results that I was looking for. Things were getting frustrating for me and a point came when I decided to quit! But then I explored (through studies and discussing with experts) some health and fitness tips that really accelerated my result and made the journey really enjoying.

If you are a beginner and facing the same problems with your health and fitness journey, then this post is absolutely for you.

Here I am going to share with you those health and fitness tips that really changed my way to look at exercising. And needless to say, I started seeing and enjoying spectacular results since then

12 Spectacular Health and Fitness Tips For Improved Results

NOTE – The list not just includes effective tips related to forms and postures, it also explains some other important tips that are very relevant but are less talked about.

Tip 1. Take adequate sleep

Even hardcore exercise will not produce the desired results unless one lets the muscles to relax. Sound sleep is very important to achieve any health goals. Not many people (even experts) discuss its importance. 

Quality sleep of around 5-6 hours improves the blood flow and the functionality of the brain and muscles. This naturally helps achieve better results. 

Tip 2. Follow healthy diet

Many of us have confusions and misconceptions regarding proper diet which is important for particular transformation. A healthy diet must include all the nutrients and micro-nutrients such as; protein, fat, carbohydrates and necessary vitamins and minerals. 

The body needs them all to function properly. Yes, depending on your specific requirement the measurement of these components may vary, but one must have them all on a daily basis. 

Tip 3. Don’t workout everyday

This particular health and fitness tips is for the beginners because they tend to make this mistake initially.

They think that doing the same exercise everyday will grow the muscles bigger and quicker. That’s not true! It will only increase muscle fatigue and slow down the result.

One must follow a particular schedule for exercising. 5 days-a-week is the best method for beginners and for advanced people to see effective results without any prime injury. 

Tip 4. Correct your form

The best health transformation is possible only when we follow the correct form and postures. This is certainly the fitness tip of the day. 

Each exercise has different muscles to target and that’s why correct posture is very important. Following them properly will improve the result. Moreover, improper form or posture may cause severe injury, especially when lifting weights. 

Tip 5. Create mind-muscle connection

Beginners often complain that they are not getting visible results. And to achieve that, they start lifting even heavier. 

Nothing will work unless you pay attention to fix the muscle-mind connection. This is a very crucial aspect that not many people know or talk about. 

During exercise, one must feel the connection between the targeted muscles and mind. Also, at the time of performing the exercise, think that you are getting closer to your dream physique inch by inch. Try this, I promise you will see a huge change in results. 

Tip 6. Consider lifting a little heavier 

This is one of the most effective gym tips for beginners to lift heavier than what you are comfortable with. 

Weight training is very important for fitness and strength. For example, let’s consider Barbell Squat here, if you are comfortable with 15 reps of 50 pounds, push yourself a little harder and do 12 reps of 60 pounds instead.

The second type of set is capable of offering better gains. 

Tip 7. Don’t lift too heavy

This is just the flip side of the previous health and fitness tip. Our body muscles have limited capacity that can be increased gradually for sure. 

Lifting too heavy will increase the chance of muscle injury and that may lead to stop the training. Beginners often make the mistake of lifting too heavy weights without even correcting the form. Result – severe muscle injury!

If you want to continue the fitness practice for a long time, allow some time for the muscles to get used to with weights. 

Tip 8. Include cardio

Add a little cardio session in your workout irrespective of your health goal. This is one of the best health and fitness tips that many avoid. 

Along with specific exercises for bulking or cutting, cardiovascular activities like; running, cycling, jumping squats and many more, actually help speed up the process. 

Apart from that, fitness is something that we need to carry out for a long time.

Tip 9. Reduce rest period

Here is an effective workout tips that most of us pay very little attention to.

I have seen people in the gym who take 15-20 minutes rest in between sets. Most of the time, they are either busy with their phones or gossiping with other fellows. This really reduces the effectiveness of exercising. 

The rest period plays a vital role to achieve the results quickly. Too long a rest period reduces the muscle tension that was supposed to be carry forwarded from the previous set of exercise to the next set.

Rest period should not be more than 45 seconds to 90 seconds, depending on the exercise. 

Tip 10. Stretching 

Fitness is about muscle flexibility and movements. If one can maintain flexibility, he/she will remain fit for a long time.

So, here’s the best fitness tips for both men and women – stretch properly at the beginning and end of your exercise. 

Before starting the exercise, the muscles are relaxed and flat and that might cause injury during weight training. So, proper warm up and stretch is required.

Similarly, after the workout, the targeted muscles become stiff because of the increased blood flow. That needs to be normalized. Stretching is the best way to do that.

Tip 11. Variety is the key

In a relationship, doing the same things day after day make it very boring. We must bring some variety and add spice to make it fun and enjoyable. After all, it’s a sign of a healthy relationship

Same is true for exercise. If you do the same exercises everyday, it’ll get boring. Moreover, the muscles get used to and stop responding or showing improvements. 

So, the key is to try different workouts. This will keep the excitement alive and you will see better results too.

Tip 12. Stay hydrated

Hydration is one of the most important health and fitness tips that almost all of us know but don’t follow. Our muscles need water and during workouts we lose it through perspiration. 

Water actually not just helps staying hydrated, it also keeps the joints active that improve flexibility and also prevents muscle clumsiness. 

This is perhaps one of the best ways to improve your physical fitness and take it to the next level.

The final words

When it comes to health and fitness tips, there are so many others to follow. 

These are the simple tips that I found are very underrated. However, taking care of these underrated fitness tips can actually bring you magical results. 

I’ve experienced personally that making these little changes during and after workout shows powerful results. Pay attention to each of these and you will achieve a physical excellence that will inspire and motivate you.

Other References:

[1] https://timesofindia.indiatimes.com/life-style/health-fitness/fitness/15-best-fitness-tips-for-good-health/articleshow/19752692.cms
[2] https://www.mensjournal.com/health-fitness/25-expert-fitness-tips-and-strategies-every-lifter-should-know/4-control-your-portion-sizes/

Financial Planning is Easy Now! Explained with (Infography)

people hanging out on the grass

Those who believe that it requires vast knowledge and great expertise to make an effective financial planning – this standard rule is for them!

It is very important to make a plan that you can understand and be involved with. Keeping a few things in mind can help you avoid the common money mistakes

What is personal financial planning?

People struggle with money simply because they cannot plan and balance their expenses with their earnings. More often than not, people have no clear idea about 

  1. Where to spend
  2. How much to spend
  3. How much to keep
  4. What to do with the kept amount

A perfect personal financial planning is all about chalking a plan out that answers all these questions in such a way that it creates a better future for you. 

Moreover, the planning should also comprise how to manage some of the important expenses like; Higher Education, Marriage (self or kid’s), Assets and most importantly, Retirement

The 50-30-20 Rule to PLAN and MANAGE Personal Finance

The rule helps you decide how to plan the expenses of the entire month from the available amount of money. The numbers actually depict the ratio of how the expense should be divided into different categories.

Let’s explain that:

After you set aside the SAVINGS of the month, the remaining amount is for the expenses and it includes all sorts of expenses of a month. We have just categorized the expenses so that we can segregate them properly.

50% – Basic Needs (It includes – Ration, Groceries, Foods, Monthly EMIs, Rents, Bills and etc.)

30% – Pleasure Needs (It includes – Clothes, Gadgets, Cosmetics, Restaurant Bills, Holidays and etc.)

20% – Savings (It is the amount that you must set aside prior to plan the rest, already mentioned earlier)

This should be the basic structure of the personal financial planning for any person, regardless of whether he/she is married or single, have a family or not. 

Below you can find an INFOGRAPHY that explain in a very simple way how you can manage your personal financial planning. If you follow some simple steps of finances, you will be able to improve your financial status within a few years or so.

The AIM is to let you manage your money all by yourself and don’t depend blindly on financial expert’s advice.

Gym Tips for Beginners – 12 Exclusive Tips That Accelerate Results

motivation to work out

With so many people talking about the importance and benefits of working out, it’s really hard to resist hitting the nearest gym. But unless you are following these helpful gym tips for beginners, chances are you will achieve delayed results or in the worst case scenario – NO RESULTS! 

We are pretty much aware of the advantages of exercising on a daily basis. Getting inspired by that many young folks are joining the gym, but they actually fail to achieve what they are looking for. I mean, most of them miserably fail to achieve the desired health transformation

The reason is simple – making some common MISTAKES at the gym! 

In this article, I will mainly focus on those mistakes and some effective ways to improve the results through some gym tips for beginners. 

I have come across many experienced people in the gym who make the same mistakes. So, the purpose of this particular post is to make you aware of those beginners’ mistakes at the gym. 

Gym tips for beginners to achieve extraordinary transformation

These tips basically guide you through some DOs and DON’Ts during working out in the gym. And needless to say, you get to see an accelerated health transformation. 

One more thing, I haven’t followed any particular order while explaining the tips. I request you to arrange them properly as per your convenience!

Gym tips for beginners – The Dos

  1. Warm-up properly

I have seen both beginners and experienced people are doing this mistake. While the beginners may not have the correct knowledge, the pro guys think it’s not necessary anymore for them.

This is a WRONG CONCEPT!

Proper warm up is very necessary before starting any compound exercise or weight training. This not just helps avoiding severe muscle injuries, it makes the joints more mobilized during workout. 

People make the mistake of start lifting weights right after entering into the gym. Just 10 minutes of warm-up and stretching can increase the intensity of your performance in the gym.

  1. Decide your health goals

People (mostly beginners) often hit the gym without any health goals. This serves little to no results!

These days, the multispeciality gyms offer all the different types of facilities. Starting from muscle building to fat burning, fitness, cardio, yoga and what not. 

If you do not have a precise health goal, you will end up trying the different machines in different days that do not serve your purpose. That’s not how one gets the results at the gym!

You must have a clear target to achieve and this will bring clarity in your performance.

  1. Consider a fixed schedule 

You may be a student or an employee of an organization or a busy parent, and because of a tight schedule, you cannot manage a fixed time for workout. You workout whenever you get time, maybe in the morning or afternoon or evening.

Let me tell you – this is a big mistake of work out that confuses the body and the brain. The impact is clearly visible as you achieve no significant result. Moreover, not following a particular schedule interrupts appropriate rest which is very important.

So, the effective gym tips for beginners and for everyone would be to create a perfect schedule for exercising, don’t juggle between time and follow it properly. 

  1. Lift weights

What is your health goal? 

Muscle building, Fat burning, Strength building, Fitness or whatever your goal is, lifting weights properly can accelerate your journey. When it comes to lifting weights, people often come up with excuses like; 

  • it’s not my cup of tea
  • My structure is very weak to lift weights
  • But my goal is to reduce the fat
  • It’s not good at this age for joints

You will be surprised to know that lifting weight is helpful for all types of transformation needs. All you need to do is start with moderate weights. Don’t go heavy at the beginning and keep pushing yourself further. 

  1. Follow correct posture

There can be multiple gym tips for beginners, but if you ask me about ONE particular that is perhaps the MOST IMPORTANT, I would suggest to correct your posture. 

Incorrect body posture is the biggest mistake committed by both beginners and experienced. 

Each compound exercise requires to follow a very specific body posture for maximum results. Not following that properly reduces the benefit and also increases the chances of injury. Some injuries are so serious that it may take many years to get fully cured. 

  1. Build muscle-mind connection

You probably have seen people doing exercises for years, but still not getting any results. Even higher reps will fail to offer any transformation if there is no muscle-mind connection.  

Yes, whatever your health goal is, at the time of doing any exercise, there has to be a solid connection between the targeted muscles and the mind. 

Research shows that it improves the blood flow into the particular muscles and cause the change. If you are a beginner, would suggest you to take care of this matter right from the beginning.

Gym tips for beginners – the DON’Ts

Above are a few workout tips that one should follow, especially if he or she is a beginner. The following tips are about what you should avoid in the gym.

  1. Using mobile phones

Using smartphones in the gym isn’t a very smart decision. Exercise is something that requires concentration to see results. But using smartphones destroy your concentration. 

I see many young guys (of course there are some serious young people in every gym) are spending more time on their phones while in the gym. Between each set, they are posing, clicking pictures and posting them on social media. Some are watching some videos or texting. 

Such habits don’t take you even close to what you want to achieve. Avoid using mobile phones fully in the gym if you want results.

  1. Taking long rest

While doing an exercise, taking rest between two sets is very important. Depending on the intensity of the exercise, the rest period should vary from 45 seconds to 120 seconds. 

As a beginner one must realize that taking longer rest than that ultimately reduces the effectiveness.

I have seen people taking 15-20 minutes rest in between sets – that’s just a disaster! Thus one gets no results, no matter how hard he/she is working in the gym. 

From the very beginning, pay attention to the rest period.

  1. Avoiding hydration

Perspiration during workout is very common. The obvious outcome of the process is dehydration!

In a dehydrated mode, one cannot perform longer. If someone tries to do so, he/she will encounter temporary physical issues like; head spinning, vomiting, joint pain, even getting senseless is also natural.  

What you can do to avoid that is to drink water between workouts. Many gym goers have a wrong perception of not drinking water throughout exercise. 

So, here the beginner workout tips is to sip small water between sets to stay hydrated. 

  1. Group workout

Personally, I’m not a very big fan of group workout. It may have some advantages, but I find that the disadvantages are even bigger.

You get some support and motivation for sure, but if you get too involved, it hampers your own schedule. Moreover, if one becomes too dependent on the group that is not right.

Group workout is fun and can be helpful if done once in a while. As a beginner, you must remember that only serious working out gives you result. 

  1. Copying others

It is one of the biggest gym mistakes that leave many people broke physically and mentally. 

Beginners often get impressed with the other experienced persons in the same gym that they start copying their workout style. If it’s just about the style, then it’s not a problem. But often beginners try to lift as heavy as them.

This is a big mistake. Human muscles have immense potential, but it obviously needs training to reach that potential. Trying to lift heavy without proper practice may damage muscle tissues and cause serious injury. 

  1. Using fancy machines

Modern day gyms are well equipped with various types of machines. These days, there are specific machines for cardio, muscle training, fat burning and etc.

Beginners without a clear purpose make this mistake. They try out different machines without proper knowledge and administration. 

Know your machine fully so that you can get the best out of it.

The final thought

Achieving a real transformation through workout requires great dedication. Exercising can be motivating if you see the results. 

The workout tips that I have discussed here are minor ones but the impact is huge. If one takes care of these little gym tips for beginners, it won’t take him/her long to see striking results. 

Finally, I would also suggest that everyone has a very unique body type. Something is working for someone doesn’t necessarily mean it will work the same way for you also. Explore you own style and follow that throughout. 

If you have any other workout tips to share with us, feel free to share that in the comment. 

Thanks a lot for your time and I believe that these tips will help you for a new beginning!

References:

[1] https://www.bodybuilding.com/content/10-must-read-beginner-workout-tips.html
[2] https://www.openfit.com/beginner-workout-tips
[3] https://www.planetfitness.com/community/articles/7-motivating-gym-tips-beginners