Wednesday, 8 July 2015

8 Lifetime Income Machines

We are investing to have a brighter future for our families and have enough money for our retirement. Creating a lifetime income thru different investment vehicles, businesses, ventures, pension funds etc. etc.

I will say that everyone of us are capable of creating a lifetime income, it will take time and hardwork. The key is to explore those possible vehicles or money machines.

Here are the lists of popular lifetime income generating assets;

1. Savings account. It will gives you only .025 interest and probably you are dead already before you arrive at 1 million pesos. I include this on the list because this is the most popular in our country. This will not give you a lifetime income better to put your money on other investment instruments. Follow number 5.

2. Joining MLM companies. This way of earning a lifetime income will give you benefits, only  if you are a pioneer and on the top of the pyramid. Be careful to join those scammed MLM companies, thorough research and checking their products should be done before joining on any type of MLM. Many Pinoys keep falling into scam MLM, please don't be one of them.

3. Franchising Business. Franchising is getting popular in our country, there are advantages and disadvantages. Commitment and capital needed on this type of adventure. I failed with my first franchise Pinoy Pao, way back 2010, I'd rather create my own brand and grow it. I joined a franchising company in UAE to understand the ins and outs of this business, soon I will have my own franchising business.

4. Build a great team for business and maximize their potential. I funded the development of different applications and create a great team of developers. Recent accomplished project on Google play ; https://play.google.com/store/apps/details?id=com.athanruiz.psealert

5. Investing in the stock market, earning thru capital gains and dividends. Stock market is risky, if you don't know what you are doing, in the stock battlefield you should prepare your battle gear. I would say, "I succeed already with one of my portfolios, here is the link ; http://www.newbie.ph/2015/04/how-i-turned-400k-portfolio-into-1.html

6. Real Estate. Selling real estates will give you a high commission especially those high end properties. You can also earn thru price appreciation and rentals.

If you are planning to buy a property check all sides of the coin especially location. I'm selling one of my condo properties, if you are interested here is the link; http://olx.ph/item/2-bedroom-condo-unit-in-acqua-private-residences-sutherland-tower-ID6NPHr.html?p=14#ba1839c3d5 .

7. Online business. Now, everything is online. Start creating your own websites and start selling a valuable products. Be the next Jeff Besos of Amazon, Jack Ma of Alibaba, Mark Zuckerberg of Facebook  etc. etc.

I started PAM Academy and I will say that this can be considered as an example of online business but our focus is on education and spreading financial literacy thru this platform, if you want to join, here is the link ; http://www.pamacademy.net/  .

8. Blogging. Creating a blog and start earning thru selling affiliate products, google ads, ebooks etc. etc. are getting popular and can be your vehicle to financial freedom.

If you want to know more, join me on my upcoming Earn 5K PHP webinar on this link; http://www.newbie.ph/p/earn-extra-5k-php-thru-blogging.html .

Start creating your lifetime income.

Sincerely yours,

Jonathan Ruiz
NEWBIE Mentor


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