How and what am I suppose to do such as making use of my free time/day to make passive income? What are some baby steps I can do for now or from now? - Seedly
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Anonymous

Asked on 30 Apr 2019

How and what am I suppose to do such as making use of my free time/day to make passive income? What are some baby steps I can do for now or from now?

Hi to all readers and advisors,

I'm at 28 this year, should be getting my diploma (part time)this Mid Aug. As I only have Higher Nitec Certificate, the new job is gonna pay me at $1800 before cpf deduction.

I have been keeping an eye on my expenses...for your info, bills+rent+transport+meals...

For your info,i don't spend on any other stuffs~

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Think active income instead of passive income.

A side hustle or a weekend job are great ways to make more money.

Also, pick up skills that people are willing to pay for.

This could be coding, running advertisements, even making birthday cards. (my gf sold a 3D bday card on carousell)

All these a great ways to add a few hundred dollars to your pocket each week. :)

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Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
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SW

Shaun WQ Lim

Level 8. Wizard

Answered on 30 Apr 2019

Two parts.

Save up as much as you can.

Seek out knowledge and improve yourself professionally.

Save up to build a safety net and also see if your new company provides medical insurance coverage. Exercise and invest in your health.

Use your free time to continue growing your skillset, in order to maximise your earning power as fast as you can.

Also read up on financial management and educate yourself. Open a high interest rate savings account.

As your income grows, set aside amounts to invest in RSPs or SSBs for a start.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about
Post