If you have a business, you can systemize it so that it runs without your active involvement.

 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 

Always follow the 30/30/3 rule for buying property as a minimum - my opinion

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 good communication. You can buy property, but if it doesn't earn you money, you just waste your cash. I have bitter experience of 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 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.

Because every month you can invest a little bit. 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

The lesson is that in life sooner or later we have to help ourselves. By taking actions that benefit ourselves.

 Just talking does not help us.  We definitely have to act. Two boys often went with their father to collect wood in the forest. Once their father said: "Children, go get wood by yourself!" "That's right, Dad," said the boys.  "What if the car breaks down, who will fix it for us?" "If your car breaks down, son, call out trouble."She will do it for you. The two boys listened to their father. Harnessed the oxen. They went to the forest. Chop wood. They loaded the car well. You left. Won't you, their car broke down in the middle of the road. The boys stopped and started shouting: "No Trouble , No Trouble!" Come fix our car! They shouted, they shouted, no one called them. It was getting dark, and there was no trouble yet. At last the younger boy said: Father, this damned trouble will not come. It got dark already. Let's get on our own and fix our car as much as we can! The two boys took the ax and the adze. They bent down and a click here, a click there fixed the car. When they left, their father asked them: "Well, how did you spend your time in the forest? " "Leave it, Dad!" they said. Our car broke down in the middle of the road. We screamed, screamed the cursed trouble, we cleared our throats, but she didn't call us. We saw that he would not come. We took the ax and the adze and repaired the car as best we could. "There, my son, this is trouble!" said their father. "You called her, and she was with you. " Since there was no one to fix your car, you fixed it yourself. In other words, your misfortune has fixed it. The lesson is that in life sooner or later we have to help ourselves. By taking actions that benefit ourselves. Just talking does not help us. We definitely have to act.

Author Sezgin Ismailov

Learn to manage money not have 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 make robots or software have a future, but which will dominate? 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, but you get income. This 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

Are you going to be a long-term investor or a short-term trader?

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

I am not very familiar with these currencies. I have an overview of the net and the gossip around it. I understand the advantages of cryptocurrencies. Cryptocurrencies use blockchain technology, which brings innovation to many other areas of the web. I was perplexed by the fact that its creator remains unknown. In the world of big data, it remains a secret. Importantly, validators still control the transactions themselves. Looking at the big picture, the system resembles a parliamentary government. Understanding the implications of the errors in parliamentarism, how significant is it beyond that point? Who will be responsible for a potential collapse? The cons of cryptocurrencies. This means that there is no centralized authority. Each country has one currency. But anyone good with a computer can make cryptocurrency. As far as I know, there are already over 5000 species. I won't be surprised if they become over a hundred thousand cryptocurrencies. Anyone who believes that any subsequent cryptocurrency will be able to hold its own is expressing doubt. Let me invest; I have the potential to become wealthy quickly. He is quick to invest. What is he investing in...? I have no idea. A fintech-type money transfer app with a variable value could be the solution. But ask yourself the question. As long as there are heads of government and very powerful banks, will they leave the people alone to do whatever they want? Over time, a bank with a large clientele base will likely develop its own cryptocurrency and impose transaction fees. I think the biggest problem is saving your password or really knowing it. 

If you forget it, what do you do? I have no idea what happens when the owner of these cryptocurrencies dies. You go to a normal bank with your passport or a certificate for the heirs and you have the option of getting your money back. However, buying something illegal is not advisable. To pass tax-free is great. But who will maintain order and infrastructure if we don't pay taxes, even with all the crypto? For example, let's say a big company like Amazon makes a cryptocurrency and says it only accepts payment in that currency. You walk into Walmart, and it only accepts its currency. You go to McDonald's, and she wants you to pay with their currency. What does the average citizen do? Must have a smartphone. Please ensure you remember the password each time you make a transaction between currencies. Indeed, this is a significant issue, given that the password is solely used for transaction purposes. Without any intention, you travel to a country and stay in a hotel where the payment has already been made. However, there is no cigarette shop nearby. He goes to the nearby village, but unfortunately, he has no range, and what he does... I think that the disadvantages are much more than the advantages of cryptocurrencies. Yes, if they are digital currencies of continents (Latin America, North America, Europe, and Asia) + one as a pillar of the others. For instance, the number of digital currencies could be limited to a maximum of five, subject to the control of all nations. If it is dug in one place, untouchable for those who blame the world and think of ways to harm, then maybe there is a future. It's one thing to watch a fantasy movie; it's another to live a fantasy life. A third of the world still doesn't even have clean water to drink. But this wandering of many cryptocurrencies will someday lead to the proper digital currencies. I would rather not predict, but it will be the big, financially and digitally advanced protected states. I can't help but add the cost of mining energy. Where we must protect nature.

Author Sezgin Ismailov

In spite of the dangers involved, investing in Chinese stocks has the potential to be an extremely lucrative endeavor.

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. Its position at the top of financial indices has been constant over the last three millennia. 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 provide investors with a fantastic opportunity to enter potential businesses on the ground floor. In addition, there are major dangers associated with investing in Chinese stocks. 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. Additionally, the Chinese government has a history of participating in the stock market, which can lead to excessive price movements and generate uncertainty. Such an event can be a source of both. In spite of the dangers involved, investing in Chinese stocks has the potential to be an extremely lucrative endeavor. Those individuals who are willing to take risks have the potential to be handsomely rewarded if they select the appropriate businesses. Additionally, there are a variety of 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