Passive income | How can we generate passive income?

 

Passive income is the earning in which a person is not actively involved. In passive income, person does not require a little effort to earn. Passive income is usually taxable. Once, you have to do something to generate income and then you have to rely on that income. It requires a little time in the beginning and then it gives you benefit for a long time/throughout life. Physical appearance is not necessary for making passive income. Physical appearance is not necessary for making passive income. In passive income a person receives payment even after the work is over. With passive income you can make money, while you are sleeping or doing anything else.

Income

It is the money which an individual received after providing the services of any kind.

Types of income

There are three types of income

a- Active income:

Income for which services have been performed.

Examples:

 wages, salaries, commissions, and business income in which one participate actively.

b- Passive income

Passive income is the income in which one can earn regular income with a very small effort.

c-  Portfolio income:

It is the income from investment including dividends, royalties and capital gains.

              Examples

1.       Selling informative products

2.       Affiliate marketing

3.       Savings accounts

4.       Rental income

5.       Peer to peer lending

6.       Invest in high yield CD

7.       Dividing stocks Etc.

Sources of passive income

• Profit income
• Interest income
• Dividend income
• Rental income
• Capital income
• Royalty income

The internal revenue services (IRS) says passive income can come from two sources: rental property or a business in which one does not actively participate.

Importance of passive income

• It gives you the freedom of time
• It reduces stress, anxiety and fear of future
• You can do things that you want without any fear
• It gives you the ability to work from anywhere
  

Disadvantages of passive income

 1-At the beginning/setting up passive income take effort  and time 

 2-One cannot grow overnight

 3-It requires diversification to ensure that you have money flowing    in at all times

4-passive income can be too passive for some people.

How can you generate passive income?

·         By writing an eBook

·         Make YouTube videos

·         Try affiliate marketing and make sale

·         Sell your own products on the internet

·         Put your photography to work on the web

·         Purchase dividends stocks

Passive income can be made by writing an eBook. There also many other ways to make passive income that includes YouTube channel, through this we can make informative videos and get unlimited passive income for life time. BY affiliate marketing, in which we can also make passive income by generating sales. Passive income can be generated by selling others products in internet at different websites, by practicing photography we can also generate passive income and by purchasing passive income is generated. By purchasing dividend stocks passive income can be generated. So, these are some of the methods that are used to generate passive income.

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Online teaching | 10 biggest disadvantages of online teaching

Online teaching is completely technology based. Those teachers who teaches online faces many problems. They struggled hard to engage their students in class, perform different activities that are technology based. Those which did not have such skilled based knowledge are dropped in their online teaching career. Those which do not have strong communication skills are not survive in this field because skill knowledge is essential in this field. Those which do not handle various technologies get frustrated are leaves the online teaching field.

Following disadvantages of online teaching are discussed

1. The basic requirement of Online teaching field is internet connection. The connection of internet must be high to teach online classes. This is because the class continue smoothly and there must be no disturbance in class due to slow speed of internet. It’s the big challenge and some of the online teachers do not handle this and faces difficulty in running smooth class.
2. Time management is also a disadvantage in Online teaching. There is barrier of time between students and online teacher. An online teacher teaches different students at a time and handle each and every student this is a big challenge that an online teacher faces each day. Sometime technical problem created and sometime internet issue found etc.
3. There is also time barrier of the students outside the country (The time barrier may be day or night barrier). It is also found that at one country there is night time and the other country have day time. So, the online teacher is also responsible to teach their students at night time. Because it’s the duty of online teacher and get paid of this. To overcome this difficulty, an online teacher gets extra charges to teach their students at night time.
   

 4-  physical teachers develop the interests of students by direct contact to keep them motivated. 

Online education does not provide such opportunity, and this is a huge challenge.

5-  In online teaching students learn in isolation and brainstorming does not takes place as much as in physical classes because students do not get such company that can get good friends who can be of significant help in building future career.

6-  In online education the workload is more than in physical education. A student has to solve the task by their own effort without any help.

7-  There are lots of scams online which pretend to be offering courses, yet they are not licensed.

8-   Another disadvantage refers to the fact that online classes cannot filled with thousands of students that are trying to join the discussions.

9-  In online teaching, most of times the communication with others is through email.

Conclusion

• In online education the fee structure is affordable for everyone.
• It also not gives any guarantee of job as the students learns with low motivational level.
• Online teaching is not giving the all the skills that are required for particular profession as the students feel isolated from classmates.

• Slow internet connection also cause difficulty in learning through online class.
• Everything in this world has its ups and downs. There are a lot of challenges but they have their solutions as well (by using online tools)
• In Online teaching, there is a huge gap between teacher and student as they do not have in direct contact with each other.
• If the online management and handling is good then it gives lots of benefits also.

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