Kindly inform me that if we are investing in postal scheme MIP, then we are getting every month interest on this. Please clarify me that this interest is my cashflow?
Recently a reader has asked me a question after reading the article – Net worth – Is it the Best measure to count the Wealth?
Well, in the article i have used the word “Passive Cashflow”. Well, Yes. the interest/income from your postal scheme, MIP is 100% your Passive Cashflow. This is because you have to work hard at once only to generate that Passive Cashflow but once you acquire this income stream, you don’t have to work hard at all. Weather you work or not? That Income stream will keep flowing into your bank accounts.
Smart people generate Passive Cashflow Income streams in their lives. Here are the Examples of Passive Income.
- Dividend Stocks
- Interest Income (Bonds, FDs, MIPs, Postal Savings)
- Portfolio Income
- Rental Income
- Royalties (Books, Movies, Music)
- Online Income (Blogs, Forums, Websites)
To Learn more about Passive Income Read the detailed article – Passive Income & How it Works?
I love to build Passive Income streams in my life. In fact, I always advise people to build the passive income streams. This is because acquiring passive income streams is the one time hard work only. Once you acquire an income stream, you can enjoy that income for the rest of your life without doing any hard work.
If you focus on developing passive income since your early life, than you will be financially free early.
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