Now a days, the importance of Passive income is growing very fast because of the below reason or more:
- You will get income in a regular basis like your job (But need to do a little task or less than comparing to the job).
- There are hundreds of ways to make passive income.
- It will allow you to leave your job from 09:00 AM to 05:00 PM.
- It will allow you to enjoy your life in your way.
- Can earn passion(Whatever you like to do) as well as you will feel happy.
In this article, we will try to give you an idea, and two best ways to earn passive which can be helpful for you and it might help you to start straight away.
Let’s move to the main topic here.
Important
“Please be aware that our discussion here is only for educational purposes. We don’t provide investment advice, and this article shouldn’t consider as trading and investment advice. Every time makes your research of any personal investment is good for you, your risk tolerance, and financial means, before jump into a transaction. If you have a doubt, please consult with a financial adviser.”
Ways
- Amazon Affiliate
- Dividend Payment (If you’ve invested in some popular common stock they will give you some money, as a bonus, this is like a commission).
Amazon Affiliate
According to their website
“The amazon Associates Program is one of the largest affiliate networks in the world that helps content creates, publisher, and website owners, monetize their traffic.”
Amazon.com has millions of products to choose from so that the options can be huge for content makers or anyone who wants to make some money from the affiliate.
For more information and to learn about it you can always head towards their website. All you have to do is Sign up for an account and then fill-up the form.
Dividend Payment
The dividend is the payment to the shareholders of any kind of company, shareholders get paid from a part of the company’s earning. It can be issued or paid in cash or Shareholder can also change this cash to more get share of the company.
For example, Commonwealth Bank of Australia No 1 largest bank in Australia recently paid a $2.31 Per Share more information can be found in investors pages of their website. Furthermore, the Dividend Reinvestment Plan (DRP) allowed you to reinvest all or part of investor dividends to receive additional shares instead of cash payment. It is a well way to increase the holding of any kind of company shares without incurring transaction costs. To learn more about Dividend or more Investopedia Can be one perfect option.
But, before buying any share Commission, Share price and Dividend history should be analyzed carefully. It is true that lots of wealth can generate from the Shares and Stock market but the same amount of money might lose if there is no enough analysis and education in hand.
Terms to Understand
Franking: Franking is the tax discount to the shareholder by the government of their dividend amount. (Example: Fully franked means no need to pay any tax to government because the company already paid tax to the government. )
DRP: Dividend reinvestment plan, Shareholder has the option to reinvest a Dividend in the share of the company.
Payment Date: Payment date of Dividend
Ex-Dividend Date: Maximum dividend date, till this date whoever bought share are eligible to get the dividend. For example Sunday, 22 December is Ex-Dividend Date then shareholders who buy a share after that date won’t be able to get the dividend.
There are other aspects or short term might need to understand by Investors such as Announcement Date and more. In addition, if you are looking for more ways to generate passive income see our article four ways to generate Cryptocurrency(Passive).
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