Survival

Survival

“SURVIVAL” is the most important word/talk today in this tough economic situation. All corporate companies are charting out plans how we can survive in this tough economy. Of course this is more important for an Individual as well.

Since We are in the IT industry I am taking our job nature and scenario as role model to write this blog…

Replace you

As long as your depending fully yourself for your regular income there is a risk in your earning and it will always leaves you unrest. So do you really wanted to work 50 – 70 hrs per week until your retirement?
So you have to generate another income stream to get yourself from these financial blues. So you need to remove yourself from being directly involved in generating the income stream for your family

Passive Income

Try some other innovative ways to making money, which requires less of your time to generate.

• If you are good in physical fitness and related activities write an aerobic/gym tips book and get the royalty
• If you are a good photographer, auction your photographs in online
• Invest in your friend/relative business and get some margin money out of their profits
• Use your accrued capital to invest in some MIP (Monthly Income Plans) to generate return or buy a rental property

• Rent your property and get some good returns

There are ‘N’ number of ways… use your analytical knowledge to leverage more… if you need any help hope I can assists you in finding a good choice for you

My simple suggestion is don't depend on single income for your life in this kind of tough economic situations