Is there income without work and investment?
Doing nothing and getting money is a myth actively promoted to the masses by dreamers or scammers. Receiving income is always associated with certain actions, and conscious ones at that.
But this does not mean that the only way to get money is to go to work every day. There are alternative options, but they have a number of serious nuances. If you discard traditional employment or look for a part-time option, then ways of earning money can be divided into:
- Passive income.
- Making money from a hobby is making a profit from enjoyable activities.
- Income “out of thin air” is receiving money for performing certain work or creating a product and selling it.
- One-time earnings are ways to get a small amount one time.
Manicure, pedicure, hairdresser at home
For the sake of beauty, ladies are ready to do anything, including significant expenses. Newfangled nail designs, new extension technologies, long-lasting varnishes - all this can bring good money. Investments will only be needed for the necessary equipment. A hairdresser can also work from home or on location.
So learn how to do wedding hairstyles, place ads with photos of your work - and you will have a stable income
Passive income
When it comes to stable income without working, most often they mean passive income. Its main nuance is that before the money starts coming in, you need to work hard. When there is no money initially, then accumulate capital and invest; if you already have funds or property, invest and make a profit.
Main types of passive income:
- Receiving interest on a bank deposit.
- Storing money in a savings account or plastic card with regular interest accrual on the balance of your own funds.
- Investments in securities, mutual funds, precious metals.
- Lease of movable or immovable property, sometimes with its preliminary purchase.
There is nothing new in the options described above - these are traditional ways to get a stable income without the slightest effort.
It must be taken into account that in the modern world there is a demand for different goods. People are willing to rent not only property, but also wedding dresses, awnings, camping equipment or party items. But in order to find a client, you need to take certain actions - at a minimum, place an ad on the Internet, or, at a maximum, contact event agencies or travel clubs and offer your services. When clients have a need, they will contact you. All that remains is to maintain the rented items in proper condition, and perhaps purchase others for the same purpose - renting them out.
Mastering investment activity is not easy, but it is within the capabilities of most people. For example, from 1 thousand rubles can be invested in OFZs, which consistently generate a small income. And if you open an individual investment account, the investor will receive some benefits.
Choosing a bank to open a deposit or savings account will not cause any problems - just go to the official website of the institution and familiarize yourself with the basic conditions. If the amount is large, a deposit is suitable; if it is small, a savings account is suitable.
Don’t forget about crowdfunding platforms - Alfa.Potok gives you the opportunity to invest money at 17% per annum, but you need to invest from 10 thousand rubles. The intermediary divides each investment into 20 shares, distributing them among different borrowers. This reduces the risk of losing money if the client suddenly goes bankrupt or simply cannot pay off his obligations.
You should not miss such an option as “playing” on currency quotes. Of course, you need to be well versed in the topic so as not to lose money, plus you need your own investment. The profit from operations is small, so the amounts must be large.
The last option for passive income is creating and launching your own website or blog. There are three main points here:
- You need to invest work, time, and a small amount of money (based on your capabilities) into the business.
- The first income may be modest.
- You need to regularly devote time to a web resource.
An alternative is to make money on Instagram, Odnoklassniki or Vkontakte. There are different options, for example, from a created group you can receive stable passive income for advertising.
Method number 3. Investing in securities
The most interesting and profitable method of those listed, which, with proper literacy, allows you not to work anywhere and get real money.
Rent, utilities, debt payments and groceries can seemingly eat up your entire budget. However, once you have a budget for these monthly expenses (and have at least a small amount set aside in your emergency fund), it's time to start investing. The challenge is figuring out what to invest in and how much.
As a newbie to the world of investing, you will have many questions, not the least of which is how to start investing and what is the best strategy?
Investing when you're young is one of the best ways to get a consistent return on your money. This happens thanks to compound interest. It is this path that will allow you to live in abundance in the future, without having to get up at 6-7 am every day and rush to work.
Of course, there will be ups and downs in the stock market, but investing young means you have decades to ride them out—and decades for your investment to grow. Start now, even if you have to start small.
Decide how much to invest
How much you should invest depends on your investment goal and when you need to achieve it.
As a general rule of thumb, you should aim to invest a total of 10% to 15% of your income per year . It may seem unrealistic now, but over time you can achieve your goal.
For other investing goals, consider your time horizon and the amount needed, then work backwards to break that amount down into monthly or weekly investments.
Open an investment account
Today, there are already dozens of websites and applications that act as brokers on the Moscow Stock Exchange. Investing has never been easier and more accessible to everyone.
A common misconception is that you need a lot of money to open an investment account or start investing. It is not true.
Many online brokers that offer both IIS (individual investment account - the same as a regular one, but the state gives us the opportunity to return up to 52,000 rubles from the money invested) and regular brokerage investment accounts do not require a minimum investment to open accounts, and there are many investments available for relatively small amounts.
Understand your investment options
It is important to understand each tool and what risks it carries. The most popular investments for beginners include:
Option #1. Stock
A share is an ownership interest in one company. Shares are purchased at the price of one share, which can vary from tens to thousands of rubles, depending on the company.
Example! In 2020, Gazprom shares increased in price by more than 50%. Those who purchased shares worth 1,000,000 rubles a year ago increased their account by 500,000 rubles. This is more than on a bank deposit with 8% per annum for 5 years!
Don't be afraid of losing your money. Brokers have a “stop loss” function , with which you can tell the application to sell your shares if they fall in price below a level you define. Conversely, if you expect a short-term price increase, the shares can be automatically sold when they reach the price you are interested in.
Therefore, if stocks were previously considered a high-risk investment, now everything is in a much more favorable light.
Option #2. Bonds
A bond is essentially a loan to a company or government agency that agrees to pay it back to you after a certain number of years.
At the same time, you receive coupon payments similar to interest on the deposit. The interest rate even on government bonds today is higher than that on deposits.
Bonds are generally less risky than stocks because you know exactly when you'll get your money back and how much you'll earn. But bonds provide lower long-term returns, so they should make up only a small portion of a long-term investment portfolio.
Option #3. Mutual funds
A mutual fund is a collection of investments packaged together.
Mutual funds allow investors to skip the work of collecting individual stocks and bonds and instead purchase a diverse collection in a single transaction. The inherent diversification of mutual funds makes them generally less risky than individual stocks.
Option number 4. Exchange Traded Funds (ETFs)
Like a mutual fund, an ETF holds many separate investments linked together. The difference is that ETFs trade during the day like stocks and are purchased at the share price.
ETF share prices are often below the mutual fund's minimum investment requirement, making ETFs a good option for new investors or smaller budgets.
Choose an investment strategy
Your investment strategy depends on your savings goals, how much money you need to achieve them and your time horizon.
If your savings goal is longer than 20 years (like retirement), almost all of your money could be in stocks. But choosing specific stocks can be difficult and time-consuming.
So for most people, the best way to invest in stocks is through low-cost mutual funds or ETFs.
If you're saving for a short-term goal and need the money within five years, the risk associated with stocks means you're better off keeping your money safe in an online savings account, cash management account, or low-risk investment.
If you can't or don't want to make a decision, you can open an investment account through a robo-advisor , an investment management service that uses computer algorithms to create and maintain your investment portfolio, however, in this case, a portion of your income will be charged as a fee, as typically around 0.25% of your account balance.
Advantages of the method:
- The highest yield of those listed.
- Helps in acquiring financial literacy, which will allow you to manage money wisely and predict not only your budget, but even changes in the global market.
Disadvantages of the method:
- Requires some effort to learn due to the need to understand investment tools.
Make money from hobbies and everyday life
Here we are talking about selling photos, videos and text material. It’s worth noting right away that the better the quality of work, the higher the income and the lower the demand. The topic can be anything, but it is advisable to find out in advance what is popular.
A good option is to film the process of repairing a car or premises, preparing various dishes, interior decoration, and applying makeup. If the task is enjoyable or the person does it every day, the work will not become tiresome.
You can sell materials on specialized exchanges; the main segment of buyers are owners of websites or printed publications. Price examples:
- Photo. Ordinary ones of standard quality and resolution cost from 3 to 50 rubles, those made on special equipment - from 50 to 100 rubles, professional works are bought from 100 rubles and above, depending on the subject.
- Video. Simple recordings can be sold for 50-100 rubles, high-quality recordings created using good technology are more expensive.
- Texts. The minimum payment on copywriting exchanges is from 5 rubles per 1000 characters, the average price for beginners is 20-30 rubles.
The main advantage of the described methods is that you do not need to invest money; earnings will be received literally “out of thin air.” Disadvantages - the sale can take from 1 hour to an indefinite time. There are no guarantees, but you can work to order.
Another option is the provision of services. For example, photo or video processing, editing. Options are suitable if you already have the skills. However, this is not passive income, but a part-time job in your free time. The same area includes profit from the sale of your own book. Royalties are a good passive income, but to get it you need to do a lot of work and invest a lot of effort.
Earning money from games is interesting. A popular trend is various client-based online games. If you understand the issue, you can get money for:
- “pumping” or selling characters and profiles;
- videos about the passage and secrets;
- sale of gaming accessories.
Not all methods are legal within games, but trading takes place outside – on special exchanges and websites.
Earning money from a hobby
Do you know how to do something with your own hands and don’t know how you can make money? This is now very much appreciated. Handmade embroidery and painting, exclusive interior items, furniture, souvenirs, clothing - all this can generate income. You can sell finished products through specialized websites or in stores in your city. If you really want to make money from this, don't stop there, constantly improve and learn.
Read: Social entrepreneurship: what can it give to a disabled person?
The more complex and refined the product, the greater success awaits you.
Effortless work
You can get some money online by completing simple tasks. This is work on axleboxes, income from surveys, watching advertisements, videos or listening to music. Today there are countless different options on the Internet, but the income here is minimal.
It cannot be said unequivocally that nothing needs to be done. You will have to spend some time, but absolutely no skills are required. The tasks, as a rule, are elementary and understandable to any Internet user - repost, like, write a comment, join a group, take part in a survey. By spending 2-3 hours a day you can earn from 5 to 50 rubles.
What can give you financial freedom?
If you were not born into the family of a millionaire who has already provided a decent life not only for you, but also for your children, then you have only two alternatives to receiving capital without investing your labor costs:
Large one-time income. This, for example, can include a big win in the lottery or gambling, receiving an inheritance, or, in a completely fantastic option, finding a treasure.
If the size of these incomes is large enough, this will allow you to not work for some time and live for your own pleasure.
Some “good” advisers recommend regularly donating blood or sperm, or signing up to participate in a medical experiment, which will also bring some money.
However, I will not consider such extreme methods.
Constant passive income
It is through him that real financial freedom is possible, since any money received will, sooner or later, run out.
Since passive income is the receipt of profit from previous investments, you will first have to work hard to secure it.
In my opinion, the companies that are suitable for creating a stable passive cash flow are those that are suitable for the majority of people who make purchases on the Internet, and that can be used as a main or additional direction, in parallel with one or another activity.
Among these, for example, I include CashBack service , the advantages of which I wrote about in this article.
At a minimum, it is worth creating and promoting a good account on the social network VK, YouTube or Instagram.
To do this, pay attention to the aggregator of promotion tools - Topliders: rotation for recruiting subscribers and many other useful things for promoting any business on social networks. All in one!
A very interesting project for promoting both your resources and for making money by performing various simple tasks - bosslike.ru , offers a good affiliate program in which you will receive 50% points or 50% rubles from the earnings of the users you attract, which can be quite good source of passive income.
Cakes, cakes, festive dinners
Do you know how to bake cakes and are you a good cook in general? So help those who don’t know how, for money, of course. There is probably no point in stopping how you can make money on cakes, but seaming is a business that has not yet been promoted. If your acquaintances and friends roll their eyes at your pickled cucumbers and pickled tomatoes, and your neighbor has been asking for the secret of your adjika for a long time, this is the business for you.
Treat your potential clients and invite them to make the same from their or your raw materials
The main condition is cleanliness and responsibility. To the rolls, you can add the production of home-made semi-finished products: zrazy, dumplings, pasties, cutlets - all this can be frozen, and there will be buyers if they tried your cooking and liked it.
And this is not a complete list of possible earnings from home. If you know other options for how you can earn money, write about it in the comments!
How can you get a stable profit without investment?
Sell your own recommendations
You can become a source of recommendations for any specialist. A very simple and popular version of word of mouth advertising. Satisfied clients distribute reviews on thematic forums, tell acquaintances, friends, and random fellow travelers on transport about the specialist whose services they themselves used. Each person has their own accounting and payment system for such services. Competent recommendations are needed by both organizations and individuals, and are therefore always in demand.
Combine pleasure and income
People make good money from their own hobbies. Look at your hobby from a commercial point of view. Knitting, baking, crafting, sewing, wood burning - all these are ways to earn income. Any thing made with your own hands is unique. Do your friends and acquaintances like your creations? Accept orders for an agreed fee. Where will the clients come from? Do your job well and don't downplay the power of word of mouth.
Hobby will tell you how to make money with pleasure
Handmade souvenirs
This method is suitable for those who live near a landmark, an interesting place, where there are tourists. People always buy souvenirs - even in that tired and boring form in which they are sold on every corner, for example, magnets. Any better ideas? Make it and sell it!
Travel and earn money
Is that possible? And there are many examples of this. Experienced travelers know where and what they can buy at ridiculous prices, and then sell at home for a great profit. One married couple buys interesting, but cheap things at flea markets in Europe. Houses sell them to collectors for decent sums.
Where to find buyers? Antique parties, exhibitions, salons are always open to such proposals.
Become an intermediary of useful connections
The intermediary earns a small income by connecting people who need each other: the investor and the depositor; bona fide tenant and property owner. Even in our age of advanced technology, people prefer to deal with intermediaries who guarantee the reliability of the transaction.
Useful connections: real and virtual, everyone needs them
Infobusiness
If you are an expert in any industry, you can sell your knowledge by talking about it and sharing your experience. You can do this via the Internet or gather at a lecture at home, in a room rented for an hour. People agree to study and pay money for it. The main task is to give them a useful information product and present it beautifully. Do you like to talk? Do you have developed literary speech? Then information business is your direction.
Internet courses
After lectures in the information business there is a direct path to conducting online courses. Due to busy schedules, people prefer to study at home. Classes are held in the evening, when everyone has returned from work and is ready to receive a dose of fresh knowledge. The topics of the training programs are very diverse: from broad-based topics in psychology to highly specialized niches.
Write a book
If you have something to say to this world, write a book. The process is labor-intensive, but it pays off with interest. Even those who do not feel a calling write books, hiring assistants. Their main goal is to provide themselves with a source of constant income for life. Yes, a book is capable of this, especially since it is in demand. At first this may be a release in electronic format. If the publication sells successfully, it is worth thinking about a real edition. The author receives a percentage of each copy sold, and sales continue for years. Who knows, maybe after some time you will write an even better work again.
Testing beds and mattresses
99.9% of the population have never thought about the fact that such a profession (or part-time job) exists. Only in 2006 did they learn about it publicly, thanks to an advertisement in one of the American bed manufacturing companies.
The text of the newspaper article reported that the company needed people to test 25 thousand beds. The fee for one sleep session was $2.
Just imagine - your sleep is paid for in monetary terms. By the way, you can test not only beds, but also, for example, food, cosmetics, and the like. Isn't it bliss?
How to live and not work
As you know, parents are not chosen, but with husbands it’s quite the opposite. Marry a wealthy man and enjoy a luxurious life.
For many, a modern and successful marriage of convenience is a beautiful young girl and a fat bald man, but rich. But lack of love does not mean disgust at all. If you like a man, and marriage with him has profitable prospects, do not get hung up on high feelings - start a family with a reliable person.
Think about what you can rent or purchase specifically for this purpose? House, apartment, garage, car, various equipment, wedding dresses and carnival costumes for rent - there are many options, and the demand for short-term use is much greater than for purchase.
Copyright
One of the most cost-free ways to make passive income is to monetize your talents. The main thing here is to find such talents. It is clear that not all of us are writers, musicians or artists.
However, the number of people who are interested in any art is quite large. And if you don’t come up with a brilliant novel or an epic canvas, it doesn’t matter, in our time it’s much easier to make money from talents.
For example, if you know how to draw or take photographs, it will be enough to simply learn programs like Adobe Photoshop or Adobe Illustrator, register on one of the so-called stocks (storage sites where artistic content is collected), after which everything is in your hands - create original pictures and photographs, upload them to stock and wait until there are buyers for them.
Having created a good illustration, photograph or video once, in the future you will be able to receive money for them every time someone decides to use your creativity.
Here I will intervene, because I have an article dedicated to stocks: How to make money if you don’t have your own website. The article is old, but still relevant, the drains listed there work. This alone suggests that people continue to make money from stocks.
The same can be done with music - you can create not only songs, but also jingles for radio or advertising, looped melodies, which are often used in computer games and mobile applications.
But to do this, you will not only have to learn how to use audio recording applications like Cubase or ProTools, but also purchase some equipment, at a minimum - a midi keyboard and an external sound card. And this, as you can see, already requires some investment.
If you are a poet and you have nowhere to put your poems except on the table, you can try selling them to musicians on specialized sites like this one. Not only can you earn extra money, but you will also get a chance to become famous if the musicians suddenly achieve success.
However, you will have a lot of competition - there really are a lot of poor poets in Russia. It’s more difficult for writers in this regard - for them the surest way to make passive income is, as in the good old days, publishing their own work. But by writing one popular book, you can ensure your livelihood for the rest of your life.
Professional queuing
From the category of stupid, but quite working ways to make money without doing anything. Unfortunately, it doesn't work very well in our countries, but in the USA, China, etc. - that's it. We hope you understood the essence of the side hustle based on the name.
By the way, as an example, we can take kilometer-long queues at Apple brand stores. Thousands of people are lining up in a row to buy a brand new iPhone model as quickly as possible.
