Generating a passive income was one of the major things I believed in, and still do. Other than the primary source of income, one should plan out a secondary or may be even more ways of cash inflows. It’s quite appealing to think this than actually putting it into work. Not all will come up with the alternative ideas straight away, but it’s worth spending time to think and try out to reveal your inner strengths.
As I’m in the software industry, I tried freelancing at first, may be in the first few years in the industry. But soon I realized how competitive the market was and how little an individual could make an impact unless there were other connections with the prospective customers. But that didn’t stop me from figuring out other potential areas I could try. Which made me to try at least one or two new things per year to start generating some extra income.
Not all of them worked out, I must say, and the number of times I failed in the journey was greater than the successful ones. But I didn’t want to give up as I knew for certain that there is light at the other side of the tunnel. As I believed everyone has many strengths which can be put in to work, I also took the chance of exploring my other skills, like marketing, writing, social media advertising and trading.
Which brings to realize my inner strengths and very powerful opportunities to shape up my future. After eight years of struggling, I found myself good at trading (especially stocks and forex) in online platforms. I did a trial run for four months and I was quite impressed with the outcome. I also didn’t forget to get feedback from other traders as well, to make myself comfortable in my results, and with their recommendations, I put my skills in to work.
Voila! That really works!
Now I know what I’ll be doing in the future to generate a passive income, and to make it even more interesting, I chose to trade in a social trading platform, where others can also benefit from my trading. That’s going to be the future of trading of course, even though the old ways of trading still exist. I’d like to post my successes here as well in a timely manner, and the gates will be opened for others to get benefit as well in the near future.