It's what everybody wants, to have a passive income, but very few Filipinos
are financially literate. We Filipino's endure the heavy traffic
everyday just to get to work, making just enough to get by the next payday, but
the problem with working is, when we stop working, the cash flow also stops.
However there are other ways, where you don't have to work and you let a second
entity work for you, so even when you sleep the cash flow never stops. It's not
easy but if you do it right, you have the chance to turn your life around.
10.Pay-per-click - (on
the Internet) a business model whereby a company that has placed an
advertisement on a website pays a sum of money to the host website when a user
clicks on to the advertisement.
So how does it work? It's simple, if you have a
website and someone clicks on your ad, you make money, because you allow the
other company advertise on your site.
There are strategies on how to make this work, it's
great because all you have to do is set-up an account then, install in your
site, blog or other people'
Go
ahead and type this in google, pay per click program in the Philippines.
9. Article writing- The world wide web is always hungry for new content, it's appetite
is ferocious, so there are some website out there that are willing to pay for
your work. The good thing about this is, all you need to do is create a quality
article and you let the internet work for you., of course the better your
article is, and the more readers you have on your article, the more money you
make.
Here are some website you ought to consider if you want to go down this
path.
Yahoo Contributer
Helium.com
Hubpages.com
8. Blogging- It's like
what I'm doing now, this blog is already four four years old and yes it does
make money, it takes some time to build but once you built a blog
like this, it's easy, money comes in even when you're asleep. You make
money in two ways.
1. Putting up ads- You get a company to advertise on
your site and you get paid of course.
2. Direct selling- You sell something directly in
your blog.
Top Ten (10) Ways to passive income in the Philippines
7. Stocks- It may
sound complicated to some but it's actually very simple. Let me explain;
Stocks are shares of a company that you buy for a certain amount,
You will make money through
1. Dividends- So let's say Jollibee, made 10 million,
Jollibee then distributes
it's earning to it's share holders, and you are a share owner
you have a cut.
2. Traiding- When you bought the stock of Jollibee 30 years ago, at 10php,that stock is now worth 5000php, then you thought it's time
to sell
the 4990php difference is the money you made.
Go to your bank for instruction on how to get started with stocks, or go
to www.colfinancial.com, it's a brokerage, (the platform that allows you to
trade and buy stocks), COL Financial is located at Ortigas Philippine Stock
Exchange Centre, it's not complicated, it's not magic, it's not like lotto and
it's definitely not for the rich. It's FOR ALL OF US. =)
6. Mutual fund- What is this? It's when a group of people decide to pool money and
have an expert handle the investing for them. It works like
this;
*Company A decided to make an
investment scheme worth 5 million pesos,
but they don't have the capital, what Company A does is, barrow
money
from 1000 people, each person giving 5000php. The company says the mutual
fund is real estate, so in 5 years the price is expected to gain
100php profit. So in 5 years when your mutual fund matures, you can get your
money back with interest.
5. Money market -A Money Market Account is a type
of savings account that usually earns a higher amount of
interest than a basic savings account. The minimum balance for this account is
often considerably higher than the minimum balance of a basic savings account.
They can range from $500-$50,000.
When you deposit money into your Money Market Account, it earns interest just like a
regular savings account. That interest is the bank's way of thanking you for
letting them use your money. Banks then take that money and make other
investments or loans.
The interest on a Money Market Account is usually compounded on a daily
or monthly basis and paid on a monthly or quarterly basis. All savings accounts
including Money Market Savings Accounts are subject to required withdrawal and
transfer limitations. You are permitted to make no more than six transfers
and/or payments to another account of yours with your bank or to a third party
each monthly period.
4. Franchising- I don't want to overlook this one, I know a lot of people who
franchised small to large to types of business, from Siomai House to ships
like 2Go, this business however requires some capital. The good thing
about this is the brand is already well known and all you have to do is collect
the money by the end of the day, and allocate the budget for
tomorrow's business. Although the risk is much more greater than the once
I wrote above, the returns with this is instant, but take note you need some
capital for this to work, go to www.pfa.org.ph to get started
3. Farm- For the people living here in Manila, unfortunately you won't have the
option to do this. A farm business can be easily maintained if you have
the right crops, I suggest you plant bananas, it's low
maintenance and harvests all year round, plus you will always have a
market. Go for crops that doesn't require much attention, and have them
harvested once fully developed. You will however need a vehicle for
transportation of products to market, a big land, at least two people you trust
to be your workers in the farm.
2. Apartments- Have an apartment rented. If you want to go this route, you need to
barrow a capital from your bank, let's say you'll be needing 5 million, loan
from your bank, bank loans are fine because it's usually just 10% a
year, have the apartment rented and the rent pay for the house,
it's not easy but worth it.
