There are enough sharing of literature, in order to become wealthy, one needs more than one source of income.
Then, the next question, what is the best way of generating the second income?
Moonlighting is not practical
Moonlighting after work, such as giving tuition, part time driver, part time property agent? It is really not easy, surely after a long day of work, working part time in the evening is simply impossible. It is not only physically demanding, to certain extent it will affect one’s focus and performance in the day job. When bosses of the day job hear about it, they will certainly frown or probably give a warning letter to the employee. Instead of getting rich by doing what we are good at, one eventually become poorer by doing more because they just have overworked themselves leading to poor performance overall. Remember, no one can ever be rich by trading their time and energy for money.
Stock investing – the way to go
Let me share with you one way which is probably the most feasible way of generating second income, i.e. stock investing. I am not saying stock investing can certainly or easy to make money, but I believe if one puts enough hard work and time, it would bring more return than any other moonlighting that is physically demanding. The potential is huge.
Research can be done anytime, anywhere
Investing stock successfully requires research certainly but research is something that you can do it at home. Studying annual report, reading widely, being observant to the surrounding is also part of stock investing. All these can be done anytime, anywhere. Are they physically demanding? Certainly not, but you can be mentally overwhelmed while diving deep into the business that you are investing in.
Need not meet clients one after another
One good thing about stock investing, you certainly need not meet clients one after another in order to generate the income. You receive no call from vendors, customers during day time nor night time.
Your presence is not required
Unlike investing in small business yourself, stock investing does not require you to be present at your business premise, every day, every hour; nor even the need for you to quit your day job to receive this investment income.
Conclusion
If you are still exploring what is the best way to generate second income, look no further, start to learn stock investing! Something that you can do without retirement age limit.
