imagine you have a dream where you don't have to worry about money a dream where you can do what you love without being stuck in a nine-to-five job well that's where learning passively comes in it's about making money without actively working for it and today we're going to talk about how you can do that following the advice of a well-known expert Robert Kiyosaki so according to Kiyosaki who is an experienced businessman investor and renowned author of the popular book Rich Dad Poor Dad earning passively is the key to creating wealth he recommends creating multiple streams of passive income rather than relying only on your job for income now let's look at his top six recommendations for cash flowing investments in 2024 1. peer-to-peer lending peer-to-peer P2P lending is a cool way to make some extra money by helping people who can't get loans from Banks instead of going to a bank these folks come to online platforms where regular people people like you can lend them money when they pay you back you earn some extra cash through interest these online platforms like Lending Club are kind of like the middlemen they connect borrowers the people who need money with investors that's you who are looking to earn some money by lending it out now here's why P2P lending is awesome first it can earn you more money compared to keeping your cash in a regular savings account or investing in bonds that's because there are fewer fees and costs involved so you get to keep more of the interest second you can spread your money out to lots of different borrowers this is called diversifying it's like not putting all your eggs in one basket by lending to many people you lower the chances of losing your money if one person can't pay you back lastly P2P lending also feels good because you're helping people who might not be able to get loans elsewhere it's like a win-win you make money and someone gets the help they need but remember there are some involved just like with any investment you might not get all your money back if a borrower can't pay so make sure to think it over carefully before you start lending your cash 2. real estate investing in real estate is a smart way to make money and I'm here to break it down for you in simple terms imagine it as a way to earn money without working actively for it it's like having a money tree that keeps giving you fruits over time Robert Kiyosaki a financial expert loves real estate because it's like having something real like a house or a building that you can see and touch there are a few ways to invest in real estate and I'll explain them to you first you can buy properties and rent them out to people so you become their landlord and they pay you rent this can be a good way to make money steadily Robert Kiyosaki suggests this another way is to invest in something called real estate investment trusts or REITs these are like special companies that own and manage real estate properties like Apartments offices or shopping centers when you invest in them you become a part owner and they share the money they make with you you don't have to buy a whole property you can just invest in these companies and earn money from them now here's a cool thing about real estate you can use other people's money to make yourself rich let me explain suppose you want to buy a property but you don't have all the money you need you can borrow some money from a bank or someone else to buy it then you use the rent you get from tenants to pay back the loan if you do this right you can make more money than you borrowed it's like a magic trick called Leverage so in a nutshell real estate is a fantastic way to make money you can buy properties and rent them out use other people's money to get rich or invest in REITs and let them do the hard work for you it's all about making your money work for you just like Robert Kiyosaki recommends 3.
intellectual property if you have cool ideas inventions or creative stuff you might want to think about protecting them legally we call this protection intellectual property or IP IP includes things like patents for inventions trademarks for Logos and stuff copyrights for books music and art and Trade Secrets like secret recipes now why does this matter well if you own these things you can make money without actively doing anything imagine you come up with a super cool game patent it and then companies pay you to use it easy money right let's break it down imagine you create a game patent it and sell it in different languages every few months you get a check without doing much no big investment just a smart move to protect your idea the same goes for writing a book you write a book sell it to a publisher and every month you get money from the sales simple right this is how IP can give you a steady income without out always working here's the thing you don't have to be a genius inventor or a famous writer you can invest in other people's cool ideas for example if you put money into a book or a movie you can earn money from it too it's like getting a slice of the pie without doing all the hard work so in a nutshell if you have great ideas or creative stuff protect it legally then let others use it and pay you for it that way you make money without breaking a sweat 4. dividend stocks imagine you're thinking about investing in a company by buying some of its shares when you buy shares of a company you become a part owner of that company now some companies are really nice and they share their profits with their owners which is you in the form of something called dividends Dividends are like little gifts of money that the company gives to its shareholders that's you again every once in a while it's like getting a small thank you gift for being a part owner of the company so when you own dividend stocks you get these gifts regularly what's cool about dividend stocks is that they can be like a steady stream of extra money coming your way you don't have to sell your shares to get this money it just shows up in your account it's like having a money tree that keeps giving you fruits without cutting down the tree now it's a good idea to pick companies that are strong and healthy you don't want to invest in companies that might go out of business soon right so when you're looking at dividend stocks choose companies that have a history of making money and have their finances in order but what about the risks well here's the thing when it comes to investing in stocks the biggest risk isn't really the stocks themselves it's you it's about how you make decisions if you rush into things without understanding what you're doing that's where the real danger lies so the key takeaway here is that investing in dividend stocks can be a great way to earn extra money without selling your shares just be smart about it choose strong companies and remember that the biggest risk in investing is offer the person making the decisions so take your time learn and make informed choices 5. businesses businesses can be a fantastic way to make money without working all the time if you do it right the idea is to create a system that can run on its own without needing you to be there all the time imagine a business that doesn't need your constant attention that's what we're aiming for to do this you need to start a business that can make money without you having to be there all the time you can do this by selling things online like ebooks or online courses once you've made these products you can sell them over and over again without doing much extra work this way you keep making money without constantly working but what if you're not a business Expert or don't have a lot of time or money to start a business from scratch there's a solution for that too you can invest in other people's businesses when you invest in a business as a passive investor you don't have to actively work in that business instead you just put your money in and if the business does well you make money too take Robert kios Sankey for example he's a successful business person who makes money from his businesses without working in them all the time building a business that makes money without you working all the time isn't easy it takes dedication and patience but it's a great way to create a steady source of income that can support you for a long time by creating a business that can grow run efficiently and work on its own you can make money while having more free time to focus on other things you enjoy 6.
