The money making machines in this topic are not the literal money machines like automated teller machines wherein you just insert a plastic card and the money will show up.
We have been told many times that a passive income is better than working income. What’s the difference between the two. A passive income can help you to make money easily and effortlessly while working income will require more efforts.See Also: Part Time Jobs from Home without Investment
An asset that generate passive income are called money making machine. What are the best way to earn passive income now? It depends on how do you want to generate money. For example, if you want to make your money machines work for you everyday, you should have a business that makes profits everyday.
If you want a monthly profits or yearly profits, try paper assets like stocks, mutual funds, bonds and cash deposits. Many rich people and successful investors like Robert T. Kiyosaki and Warren Buffett invest carefully to acquired money making machines.
Money Making Machine in Real Estate
Robert T. Kiyosaki is well known for real estate investing while Warren Buffett is stock market investing. Robert Kiyosaki stated in his book that real estate investing is better than any other investment especially when it comes the use of “leveraging”.
Imagine if you have 10 house rentals. Each will give you $200 per month, that means you are making $2,000 passively. Because your money making machine is now working for you – your real estate properties.
Money Making Machine in Stock Market
Stock market investing is popular nowadays. You can start investing in stocks easily because most stock brokerage companies allows their investors to trade stocks online.
There are few steps to take before you invest in the stock market. If you want to make stock market investing a money making machine, start creating a stock brokerage account and buy stocks now.
You should carefully choose which stocks to buy. If you want to become more successful in stock market, prefer buying in blue chip stocks. Blue chip stocks in different industries like pharmaceuticals, technology stocks, health stocks, banking and finance stocks, transportation and telecommunications.
For technology stocks, you can choose Apple or Microsoft, these stocks are one of the blue chip stocks in United States. But, if you are from United Kingdom, you can start buying Royal Dutch Shell stocks.
Money Making Machine in Business
Entrepreneurs know how to generate more profits. Don’t just rely in one single store or branch. The more people you serve, the more money you can make.
Choose which business niche is the most profitable. In my opinion, any business related to “food” and “oil and gas” are very profitable business. Just choose your niche wisely based on what human needs or necessities.
Now you know what are the best money making machine. In your opinion, which is the best investments that can generate passive income? Stocks, real estate or business? Share your opinion!See Also: Business Goal to Achieve Part 1