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 always be followed when purchasing real estate.

If you truly have the opportunity, I recommend that you take 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. Buying property is an option, but it may not be worth it if it doesn't earn money. I have bitter experience with such properties. The low price lures you in. However, this situation ties up your money and prevents it from being easily accessible. 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 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. 

Here is the 30/30/3 rule

Rule 1: Spend no more than 30% of your monthly income on your mortgage payment

The expert recommends spending 30% of your income on paying off the loan you used to buy your home. This means 30% of your income if you're married or single.

In extreme cases, you can pay 40% of your income, but you should consider whether you will be able to live comfortably on the remaining 60%.

Rule 2: You must have saved 30% of the value of the home

Let's say you want to buy a property valued at 100,000 euros. This means that you should have 30%, or 30,000 euros, set aside. A total of 20,000 euros, which is 20% of the property value, will be deductible; however, several banks now also require a 10% contribution from you, and the remaining 10%, or 10,000 euros, will serve as a guarantee for potential uncertain times. These include temporary unemployment and the emergence of urgent needs and urgent purchases.

Rule 3: The price of your property can be a maximum of 3 times your income

Do you know how much you earn per month, together with your partner? Multiply the amount by 12 and you will get your annual income. It should include all your income—rent, dividends, etc.

And now multiply the resulting amount by another three. This amount represents the maximum cost of the property that we can afford.

The expert warns that violating all three rules could make it impossible for you to repay your debt later.

   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

The likelihood of Chinese stock investing being a highly profitable endeavor is substantial

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