You can systematize your business so that it functions without your direct supervision

 If you have a business, you can systemize it so that it runs without your active involvement. This method could involve hiring employees, creating systems and processes, and automating as much as possible. Once your business is systemized, you can earn passive income from the profits it generates.  Another way to generate passive income is to invest in stocks, bonds, and other securities. This strategy could involve investing in a mutual fund or exchange-traded fund (ETF). You can also invest in individual stocks or bonds. The key is to find investments that will pay you regular dividends or interest payments.  If you have a blog or website, you can sell advertising to earn passive income. You can use Google AdSense or another ad network to place ads on your site. When visitors click on the ads, you will earn money.  Another way to generate passive income is to write an e-book and sell it online. This strategy could involve selling your e-book on Amazon or on your own website.  If you have expertise in a particular area, you can create a course and sell it online. This could involve creating an online video course, an audio course, or a written course. You can also sell courses on sites like Udemy.  Another way to generate passive income is to invest in rental properties. Such an investment could involve buying a property and renting it out to tenants. You can also invest in a vacation rental property and earn income from the rental payments.  Peer-to-peer lending is a way to earn passive income by lending money to others. You can use a peer-to-peer lending platform to lend money to borrowers. The platform will then collect the loan payments from the borrowers and pay you the interest.  Affiliate marketing is a way to earn commissions by promoting other people's products. You can find products to promote on Amazon or other affiliate networks. When someone buys a product through your affiliate link, you will earn a commission.

Author Sezgin 

The 30/30/3 rule should, in my opinion, be adhered to at all times when purchasing real estate

My recommendation is, if you really have the opportunity, you should do it.

But I recommend you really read a bit more before you put your money in. There are countries where property yields are higher. This phenomenon extends beyond individual states and encompasses entire regions. The determining factor is close jobs and excellent communication. Purchasing property is an option, but if it doesn't generate income, it may not be the best use of your funds. I have bitter experience with such properties. The low price lures you in. Yes, but you also freeze that money. Always follow the 30/30/3 rule for buying property as a minimum. This advice applies to both personal and investment purchases. For me, this is the rule for a successful purchase, but I never use credit. The best thing is that if you don't have money for your own property investment, you can invest in property management funds.

You have the opportunity to invest a small amount each month. REITs are the best because they are legally required to pay out up to 90 percent of their profits. The little money you have can bring you income. Rather than accumulating it in the bank and letting inflation erode it, you can use it to generate income.

 Author Sezgin Ismailov

Learn how to handle your money rather than having it

Much has been written on this subject, but I am expressing my opinion.

First, you need to know what a stock is and how many types there are.

Second, you need to have some idea of accounting.

It would be beneficial to have some familiarity with assets and liabilities.

Then think about which business has the future to target that niche. Then review the Global 2000 of the big companies. Then look at the Fortune 500 of the largest firms. Then track which countries have growth potential. Assess which goods and services have giant potential. There is a lot of information on publicly traded companies. Read and read again about the company you are interested in. Get to know it. The better you get to know it, the more information you gather. Nothing is certain in this world. Similar to a hotel chain, the emergence of a new leader has the potential to disrupt the market. You like a snack chain, but there are issues with menu cleanliness and ingredient quality, which the competition exploits. The most important thing is to like the company and have as much history with it as possible. But don't overlook the upstarts who have a future in time. The risk is sometimes worth it. Companies that manufacture robots or software have promising futures, but which type will ultimately dominate the market? The decision ultimately hinges on the management of the company. That's why people always talk about the CEOs of giant companies. Whoever ran a successful advertising campaign achieved more sales. It wasn't because he had better-quality merchandise. I love dividend stocks. You invest, and you get income. This arrangement is similar to the concept of usury. If a company pays a dividend, it means it makes a profit. But someone may have taken out a loan just to pay a dividend. You have to watch their balance sheet. But one should definitely invest. Money kept in jars does not increase and loses value due to inflation. You have 10,000 dollars in the bank or in your savings. On that date, check the price of a specific item in the store. In two years, please review the price of the commodity and form your conclusion. If the item's price was $1, you could have purchased 10,000 pieces with the money you had. And after two years, the commodity has become $1.20. How much product would you buy? Certainly less. This is why money should be invested or circulated, not hoarded. Learn to manage money effectively, rather than just accumulating it.

 Author Sezgin Ismailov

Will you trade in the short term or invest for the long term?

The basics  When it comes to choosing stocks to invest in, there are a few basics that you need to understand. The first basic concept is that there are two main types of stocks: common stocks and preferred stocks. Common stocks are the most popular type of stock, and they are what most people think of when they think of stocks. Preferred stocks are a bit more complex, but they can offer some advantages over common stocks. Next, comprehend that stock exchanges facilitate the buying and selling of stocks. The most well-known stock exchange in the United States is the New York Stock Exchange (NYSE), but there are also exchanges in London, Tokyo, and other major cities. When you buy a stock, you are buying a piece of a company that is listed on one of these exchanges. Lastly, you need to know that there are different ways to make money from stocks. The most common way is to simply buy stocks and hold onto them, waiting for the price to go up so that you can sell them for a profit. However, there are also other ways to make money from stocks, such as short selling and dividends.  How to choose stocks to invest in: Conduct thorough research. Once you understand the basics of stocks, it's time to start doing your research. The best way to find worthy stocks to invest in is to use a stock screener. A stock screener is a tool that allows you to filter stocks based on certain criteria. For example, you can use a stock screener to find all the stocks that are trading below their 52-week high. You can set up alerts with a stock screener to receive notifications when a stock matches your criteria. This method is a great way to find stocks to invest in because you can let the screener do the work for you. How to choose stocks to invest in: Deciding what to buy  .Once you've found some stocks that you're interested in, it's time to start deciding what to buy. The first thing you need to do is figure out your investment strategy. Are you going to be a long-term investor or a short-term trader?  If you're a long-term investor, you're going to want to buy stocks that you believe will increase in value over time. For example, you might want to buy stocks in companies that are growing rapidly or that have a lot of cash on their balance sheets.  If you're a short-term trader, on the other hand, you're going to be more interested in stocks that are volatile and that move up and down a lot in price. These stocks can be more risky, but they can also offer the opportunity for quick profits. 

Author Sezgin Ismailov

An Ordinary Person's Opinion About Cryptocurrencies

To be honest, my knowledge of cryptocurrencies is limited. I've perused some online articles and listened to the buzz, but I'm primarily observing from a distance. I comprehend some of the purported advantages—the application of blockchain technology and its potential to transform other aspects of the internet. It’s innovative; I’ll give it that. However, the fact that we still don't know who created Bitcoin, the original cryptocurrency, is a significant concern. In this age of massive data collection and widespread surveillance, how can someone remain completely anonymous? It just seems a little…suspect. Validators will control transactions. I don't really understand the technicalities, but from what I understand, it's not really decentralized. It's more like a parliamentary system. But a decentralized parliamentary system has its drawbacks, and it makes me wonder how those drawbacks will play out in the future. Who is ultimately responsible if it all collapses? Who bears the ultimate responsibility? One of the biggest drawbacks, in my opinion, is the lack of a central authority. Every country has its own official currency, issued and regulated by a central bank. But with crypto, anyone with the right computer skills can create their own digital currency. Last I heard, there were already over 5,000 different cryptocurrencies! I wouldn’t be surprised if the number eventually climbs into the hundreds of thousands. Is it reasonable to anticipate that these new, random cryptocurrencies will maintain their value? It appears that this situation could lead to chaos. I observe individuals rushing into cryptocurrency investing with the expectation of achieving rapid wealth. They read a few articles and suddenly believe they are financial experts, but do they truly understand what they are investing in? Are they familiar with the technology behind it? Probably not. But the question is inevitable: will governments and big banks allow it? Will they let people do whatever they want with their money? I find it highly unlikely. It seems likely that big banks, with their established customer bases, will eventually create their own cryptocurrency and start charging transaction fees. It seems logical. Another big concern I have is security—specifically remembering and managing passwords. If you forget your password, what happens to your cryptocurrency? Could it potentially vanish into the digital ether? That’s a huge problem that doesn’t exist with traditional banks. And what happens when someone who owns a significant amount of cryptocurrency dies? In a normal bank, you have access to your heirs. How does this transfer of wealth work in the world of cryptocurrency? I have no idea. Of course, I understand the appeal of using cryptocurrency for illegal activities or for avoiding taxes. But if no one pays taxes, who will fund public services like infrastructure and law enforcement? You can’t have a functioning society if everyone is dodging taxes through cryptocurrency. Imagine a future where major companies create their own cryptocurrencies. Amazon only accepts AmazonCoin, Walmart only accepts WalmartBucks, and McDonald's only accepts McCoins. How would an average person manage in such a situation? You'd need a smartphone loaded with different cryptocurrency wallets, and you have to remember a dozen different passwords just to buy groceries. Honestly, I think the potential downsides of cryptocurrencies outweigh the advantages. Perhaps a more regulated approach would be better. Perhaps if each continent (Latin America, North America, Europe, and Asia) had its own digital currency, plus a global currency as a base, things would be more stable. Perhaps if each government controlled a single digital currency, that would prevent the market from becoming completely saturated with worthless coins. If cryptocurrency could be anchored in a secure, stable foundation and protected from those who would seek to exploit it for malicious purposes, perhaps it would have a more secure future. But right now, it seems like we’re living in a fantasy. A third of the world’s population still struggles to access basic necessities like clean water. Embracing this speculative madness when so many people are grappling with basic needs feels somewhat absurd. That said, I do believe that the volatile fluctuations we're seeing now will eventually lead to the emergence of more legitimate and stable digital currencies. I wouldn't venture to predict exactly how it will unfold, but my guess is that the large, financially stable, and technologically advanced countries will be the ones to shape the future of digital currency. Finally, I can't ignore the environmental cost of cryptocurrency mining. The amount of energy consumed by the process is staggering. We need to prioritize environmental protection, and that includes finding more sustainable ways to power the digital world. If I live to see a time when digital currencies are absolutely necessary, then I will need to buy a smartphone. So what, I have to keep all my wealth in my pocket. I can't imagine how people can become targets. We are fighting for a better world. But it will become more dangerous. Currently, it is evident that countries and their systems are not functioning optimally. Could we consider moving beyond divisions based on race and religion? When will we start calling ourselves earthlings? When will everything become unipolar?

Author Sezgin Ismailov

Chinese stock investing has the potential to be a very profitable venture, despite the risks

Specifically, I have investments in businesses based in China and Hong Kong. When it comes to dividends, I favor red chips. Numerous benefits exist when it comes to investing in Chinese stocks. Over the past century, the United States of America has overtaken it. However, she comes to once more. China is the world's most populous country and is also experiencing rapid economic growth. Businesses that are able to capitalize on this opportunity will have access to a sizable, potentially lucrative market. In addition, China is home to a large number of industries that are expanding at a rapid rate, such as the healthcare and technology sectors. These industries offer investors a fantastic opportunity to enter potential businesses at the outset. Additionally, investing in Chinese stocks carries significant risks. The Chinese stock market is notoriously volatile, and investors can lose a lot of money quickly if they don't know what they're doing.  Such an event can be a source of both significant losses and potential gains. In spite of the dangers involved, investing in Chinese stocks has the potential to be an extremely lucrative endeavor. Risk-takers stand to earn handsomely if they choose the right businesses. Additionally, there are various techniques to reduce the risks, such as investing in businesses that have a track record of success in China or investing in exchange-traded funds (ETFs) that monitor the Chinese stock market.

 Author Sezgin Ismailov

The successful sellers usually prevail. The truth is reality.

Idealistic notions often obscure a few truths about real life, which ultimately define success. The well-known adage comparing an apple sold by a skillful marketer to one offered by Rockefeller himself rings true in my experience. However, this statement only holds weight if one diligently adheres to the principles outlined in Og Mandino's timeless classic, "The World's Greatest Salesman." Indeed, after immersing oneself in Mandino's wisdom, a transformative shift in perspective regarding one's own capabilities is almost inevitable. The book serves as a powerful catalyst for unlocking hidden potential and embracing a more proactive approach to personal and professional growth.  After careful consideration and observation, I've concluded that inherent skill or revolutionary innovation alone is insufficient for achieving widespread success. It simply doesn't matter how brilliant your invention is if it fails to connect with a larger audience, an audience that appreciates your skills or the unique value proposition your product represents. History is replete with examples of ingenious creations that languished in obscurity due to inadequate marketing and sales.  Conversely, individuals who have mastered the art of selling—of effectively communicating value and building lasting relationships—often reap disproportionate benefits from a merely well-crafted product and their enhanced skills, leading to significantly greater success in various aspects of life. Consider the universal recognition of Coca-Cola's secret recipe and McDonald's meticulously crafted service system; these represent just two prominent examples of companies that have leveraged exceptional salesmanship and brand building to achieve global dominance. Countless other equally compelling stories remain untold.  Therefore, if you aspire to achieve greater success in the material world, you must prioritize developing your skills either as a proficient salesman yourself, capable of directly influencing customers, or as a highly effective manager who can adeptly oversee and motivate a team of talented individuals to achieve ambitious sales targets.  In the daily realities of life, we frequently encounter products manufactured in identical locations, sometimes even using the same raw materials. Despite these shared origins, striking differences often emerge, not only in the packaging and presentation but, crucially, in the price point. And in the vast majority of cases, the products backed by superior sales and marketing strategies consistently emerge as the winners. Such success isn't about inherent quality or superior technology; it's about effective communication, compelling storytelling, and ultimately, the ability to persuade. This, in essence, is the unvarnished, often uncomfortable, truth of real-world success.

AUTHOR: SEZGIN ISMAILOV