All of us have our own dreams to become financially stable and even dreamed of much bigger; to becoming rich. A lot of people nowadays ventured into the investment scene by taking advantage of one of its scheme, the passive income.
Starting your own passive income to give you your financial freedom is not that challenging; all you need to do is choose the best investments that are perfect in passive income.
I’ve talked to one of the most successful when it comes to investing passive-income; he is Alexis Assadi who is the owner of the Assadi Capital Corporation, an investment company that runs various small and medium business enterprises and real estate ventures. To solidify my claim that Assadi is the go-to-guy when it comes to passive-income, he just funded more than 50 deals with SME’s and entrepreneurs from various industries such as wealth management, advertising, landscaping, real estate and even in the newest trend which is the cryptocurrency. Assadi is also the Chief Executive Officer (CEO) of the Pacific Income Capital Corporation which annually provides $250,000 financial assistance to SME’s and real estate companies across the United States and Canada.
Assadi shared his knowledge about the best investment you can focus in taking full advantage of passive income so you might want to read and learn from him. Before we give you the list, you should start saving money. Generally speaking, you should start saving money and cut on your spendings. We all know that saving up money is not that easy but a little sacrifice will surely go a long way.
- MAKE YOUR OWN PRODUCT/SERVICE- Not all of us have the talent to craft a product that is profitable or a skill that you’re certain that can provide service people who are in need then I tell you, this is one effective way of passive income which will continue to grow in the coming years. For recording artists; they are regularly paid by recording companies and other artists that use their music and composition and that’s one best example of passive-income.
- HAVING A CERTIFICATE OF DEPOSIT- Unlike other forms of investment, Certificate of Deposit or (CD) doesn’t need investors to get accreditation. Anyone can visit their local banks to create a CD account and choose the desired lifespan or duration of that account. CD’s starts at 2.5-percent interest rate which has an ideal return, feasibility, liquidity, and activity which is scored by financial experts at a very good rate.
- FIXED INCOME- It is automatically considered that if you have a fixed income, the bank will create a bond in order for it to be protected and the interest will grow with it as well. Interest rates for bonds have grown for the past three decades and it continues to soar. There is a 0.25-percent increase for 2018 alone.
- REAL ESTATE INVESTMENT- Although, the real estate industry is quite demanding especially for starters; if you have enough patience to watch it grow then I also consider this as an ideal passive income producing investment. You can profit from real estate from the income that comes from rental and principal value appreciation of the property that you are currently investing in.