For example, some would suggest buying a property and start getting rentals. Some suggests investing in stocks or unit trusts or other forms of investment. While all these suggestions are absolutely valid, it requires a large amount of money to start off with. While for most people especially the case if you are like me, just got out of college to work, you would have almost no savings available for the investments.
For example, with my salary as a fresh graduate, about 20% goes to rental, 15% to food and beverages, 5-10% goes to transportation, 50% goes to loan repayment, remaining goes to my parent. Almost NOTHING is left for savings or investments. Until about 3-4 years later that I would have finished paying my study loan, I would have a majority amount of my salary gone.
While of course, for recent graduates, there are other ways to generate passive income streams with very low startup costs. We graduates are highly intelligent people. We are IT savvy and updated about the latest news and trends. Which makes internet related business a perfect opportunity for us.
1. Blogs
2. Ebay
3. Internet marketing
4. Creating interesting internet content
All of these activities have the opportunity to generate income and it reaches out to the whole world. While most of us would be extremely familiar with the use of computer and internet, learning the techniques and tricks to do well with these are not too difficult.
Another very often mentioned way of generating passive income/residual income is through networking marketing. Network marketing allow individuals to become partners of the company and help to market the company's product and earn commissions based on the activity.
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