How to create passive income (11 good tips)

Today, the topic of "how to start investing" has come up in more than 20 different scientific journals.And despite the fact that there is an inexhaustible literature on this subject, most people are still either very far from it, or they completely lack the skills to properly plan their finances. In this article, we will talk about how the so-called "passive income" can be created for each of us.You don't have to make a lot of money to become a financially wealthy person. To to receive "passive income" — you will have to make a commitment to yourself, take active actions, and gradually generate a substantial amount of revenue.This is how the" magic " of compound interest and the" power of " common sense will begin to work for you!1) Start investing right nowLet's say you have already made a serious investment, which you can rightfully refer to as "a start". In this case, you can start investing your money in the stock market (or buy index funds on a weekly basis, or purchase currency regularly for the value of your currency assets). Or you can continue to do what you normally do with your personal finances — buy whatever you normally do (furniture, groceries, clothing, etc.). Either way, starting point 3 will provide you with income in the foreseeable future.2) Make regular investing a good habit (10 steps to passive income).The earlier you are when you start investing, the more "passive income" you will be able to create. To do this, as a good option, regularly transfer part of your salary to your Bank account (or transfer it to a Deposit in a reliable Bank).This will allow you will receive an amount that is usually generated 1-2 times a month. 3) buy currency, stocks, and other financial instruments Every investor should have a "wallet" containing such instruments. Moreover, you should choose the most reliable Bank (or securities account) for this purpose. The point here is not to speculate on the drop in the prices of the instruments (which will not affect the overall financial condition of your investment).At the same time, you should not confuse the rising sale prices with the steady flow of income from them.4) Keep your balanceThe only way to avoid being affected by the fluctuations in the value of various types of assets is to strictly adhere to the portfolio approach to investing your money.This means that you should diversify your investments — within the same asset type, within the same currency, etc.This will help you minimize potential risks through a well-formed investment portfolio. 1) Read my article " Where NOT to invest money? TOP 3 most dangerous places for money". 2) Read my article "what skills you need to become rich".