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How To Make a Passive Income

By March 14, 2023September 18th, 2023No Comments
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How To Make a Passive Income

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The importance of passive income

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If you’re looking into Passive Income then you have probably caught wind of its importance in order to live a financially stable, and free life. In fact, the average millionaire has 7 different income streams, they have the same amount of hours in a day as anyone else does, they simply make use of passive income to achieve their goals.

The most important part of passive income is the time that it affords you to work on new income streams. Allowing you the time to grow new income, over and over again. For some, reaching a particular income is enough, and they want to then kick it back at the beach, for others, they want to keep growing their incomes until their bank accounts are bursting with money.

Below we explain to you in simple terms, how to earn a passive income, how we earn a passive income and what SYRE can do to help you achieve a passive income. 

 

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Where are passive income opportunities?

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Believe it or not, there are passive income opportunities everywhere. The problem is, most people don’t know where to look. The most common reasons we’ve seen why people pass up a good opportunity are:

  • It’s too good to be true
  • It’s a scam
  • I don’t have the money
  • I’m scared to risk my money
  • I’ll do it later

In a lot of cases, the two are true. There are plenty of scammers out there praying on people that are eager to make money. That doesn’t mean every single opportunity is a scam or too good to be true. You just have to ensure you pick up on red flags.

 

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Looking for passive income opportunities

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You can find passive income opportunities anywhere, but from our personal experience we believe the best way to find opportunities is to build your own network. That’s exactly what SYRE is here to do. Meeting connections that have skin in the game is the best way to find new opportunities. The best part is, that your connections can vouch for these opportunities and would most likely not recommend them to you if they didn’t try and test it out for themselves. Simply, make new friends in the industry and ask them if they have anything that you can invest in. From there, it will be completely up to you whether you choose to add this into your own portfolio of investments.

Note: Be wary though, some scammers may try and befriend you to gain your trust, when in reality they’re just trying to gain your money. Always do due diligence before investing and ensure you don’t invest more than you’re willing to lose.

 

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Different forms of passive income

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In our opinion, we try and diversify our passive income investments between low risk and high risk. Low risk generally tends to come with lower regular gains, but naturally this money is pretty safe. It almost always outperforms money sat in a bank. Our higher risk investments generally come with higher profits, but there’s a higher chance that we can lose money in this investments. The SYRE team generally take a portion of the high risk profits and transfer them into our lower risk investments. This is just our strategy, you can always come up with your own strategy.

 

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Our top picks of passive income streams

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A high risk, high reward investment. There are plenty of Forex Funds that are willing to invest your money. Some manually trading, some using softwares. If you choose the right partner then Forex can generate a very lucrative passive income. 

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Stocks and Shares Investing can be high risk, medium risk, or low risk. We personally use this investment as a low risk investment. A way to store our savings and create steady growth that we would never find in a savings bank account.

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Purchasing shares in businesses in private deals. You can receive monthly dividends from these deals, or hold the shares in hopes that the business value increases. Allowing you to sell your shares at a profit. 

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Investing in property is a pretty solid, relatively low risk method of achieving a passive income. You can purchase property and hold onto it, hoping that the value increases allowing you to sell at a profit, or by taking regular rental incomes.

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Driving traffic and conversions (sales/leads/sign ups, etc…) to other entities website’s in exchange for a commission. This can be a great passive income, as all you do is achieve the sign up, everything else is dealt with the third party.

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Dropshipping is where you sell stock that belongs to another merchant. You can do this white-labelled where you pass it off as your own brand, or as a reseller of another brand’s products. You simply deal with the transaction itself, and give a kick-back to the Wholesaler that is actually selling the product. They deal with all of the shipping and fulfillment. You only need to deal with any customer enquiries, and refunds.

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Seen enough? Get involved and start growing your own passive income!

Our Free Passive Income Club Offers

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Forex Trading Opportunities

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Private Equity Opportunities

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Real Estate Investing Opportunities

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Multi-Level Marketing Opportunities

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More Coming Soon…

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What does SYRE do?

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Remember earlier that we said the best way to build a passive income is to make connections? Well, that’s what we’re here for. SYRE is a free members club that connects you, directly with us, and our other members.

We present you with tried and tested investment opportunities that you can choose to take to grow, or start your passive income portfolio.

All of our passive income investment opportunities are available in our Members Discord Community, where you can connect with other investors, and find the right investment opportunity for you.

 

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about Us

All we do is share our journey and investment opportunities as we receive them. You choose whether to take the opportunities and in doing so you will mimic our success and failures. 

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Upcoming

Cryptocurrency Investments

NFT Investments

Member Benefits & Perks

Member User Area

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Links

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