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I’ve  just finished watching the BBC Panorama programme called “Life After Woolies” and was saddened to hear the hardship caused by the collapse of the retail giant in the UK and the struggles faced by ordinary people up and down the country. It goes without saying that I feel compassion for everybody that has been affected by redundancy, whatever their profession or job.

What saddened me the most though was the way in which each of the people interviewed never gave serious consideration to the fact that they might not always have a job. I live my life in the knowledge that tomorrow I may be made redundant and will lose my main source of income. That might seem pessimistic to some but to me it’s rather refreshing. It means that I am alert for opportunities to make money and I am continually searching and investigating and setting up ways to make PASSIVE INCOME so that I may attain true financial freedom. This is a quest that every person who is currently in a JOB should join. 

What is PASSIVE INCOME? PASSIVE INCOME is income that you receive but it is NOT tied to your job. It comes in to your bank account whether you work or not! It is income from things like property investments (buy to let income), royalties from writing a book, dividends from shares, income from a business and, the most common one, interest from a savings account.

One very good way is to start up your own part-time business, after work. Do some research, find a need and then fill it. Set up your own business and grow it to the point where you can let someone else do the work on a regular basis, leaving you to grow the business and multiply your passive income streams.

For those that might be interested in starting up a business and would like some easy to start business ideas that take little, if any, capital, I invite you to join my newsletter. It is packed with magic money tips and ideas that will help you through these hard times. Just enter your name and email address to start receiving it.

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