The Benefits Of A Passive Income
Most people want to maximise their earnings potential and will try to achieve this is a variety of different ways. For some it is easier than others, it depends our personal skill sets, our geographic location, our savings and above all, our personal circumstances. Some people are restricted by the number of hours that they can physically work and therefore getting your existing money to worker harder for you seems like the perfect option. After all, who wouldn’t want to earn money whilst effectively doing nothing?
Passive incomes can come from a variety of different sources. This can include dividends from stocks and shares, payment for being a sleeping partner in a business or through rental income from investment properties. The one thing that they all have in common is that you are not actively working in the same manner as you would in a salaried job to earn this money – this is using money that already earned and getting it work harder for you.
Obviously, it isn’t quite as straightforward as simply putting your money into something and gaining a massive reward. Some investments certainly don’t work and some carry a high level of risk that means you could lose rather than make money. Whichever method you choose to earn your passive income from you need to do your research, carry out due diligence and weigh up if you are prepared to accept the associated risks.
Perhaps the most popular form of passive income at the present time is indeed from investment properties. Demand for rental properties is globally high with younger generations struggling to get onto the property ladder. High demand increases rental returns whilst at the same time giving investors a chance to pick and choose their tenants. Again, the more options you have the lower the risk. Generally, problems associated with the returns from rental properties are connected to the management and tenants of the property of the property – something that can involve work and stress that you may be looking to avoid.
Perhaps the perfect scenario would be if you could purchase a property and ‘rent’ it directly back to developer. They would pay you a return of 10% p.a. whilst at the same time managing the property, find suitable tenants thus leaving you to do next to nothing – just receive the funds direct into your chosen bank every month. The thing is, this type of investment already exists and has been operating for around a decade.
The New Nordic Group who operate in Pattaya, Thailand are currently offering guaranteed rental returns of 10% p.a. on properties purchased direct from them. The offer is available for periods of between five and twenty years and is a tried a trusted scheme. They have an experienced management team and a proven business plan meaning that everything is already in place to ensure the smooth running of the scheme.
This investment is the perfect way to earn an excellent passive income with little risk and no input on your part. Surely this is the best way to improve your earnings?