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Top 5 Passive Income Stream to Grow Your Portfolio

With the impact of COVID-19, the economic situation in our country has taken a toll on us financially. In order to prevent this from happening in the near future, we need to brace ourselves with some important financial clarifications. So, we have made five suggestions that will make you earn money even while you sleep.

1. Invest in Stocks

Investing in stocks is one of the easiest ways to make yourself a good earning in a time of need. For the intro, invest amounts into blue-chip stocks like Reliance and ITC. This will make your financial portfolio much stronger and make you be more confident in the time of need. Do research on the topic and you will find many answers and learn as the ropes go by.

2. Start a Blog

Starting a blog at this time is one of the most lucrative and light inventory business. You can start writing articles in your own domain and start gathering followers. The First 100 followers are the hardest, but the rest is easy to grow since it will always have a snowball effect on it.

3. Start a Podcast

Podcasting nowadays can be used to make your voice heard all over the world. You will get sponsorships and advertisements once your podcast gets more popular as the day goes on. Start with a simple app called anchor.fm this is free and you only need your mobile phone to record your shows.

4. Freelancing

Freelancing is one of the side hustles everyone is doing these days to get money into their pockets. Websites like Fiverr and Upwork will make you get jobs like website design, photoshopping and many more. If you got a skill that you can utilize make yourselves comfortable with freelancing.

5. Publishing a Book

If you have a new fiction to tell or a factual tale in your life that you want to share with the world, start writing your own book. It can be a novel, self-help, or anything you like to make a book about it. You just need to find a publisher or you can sell your own books at the amazon kindle store which is very easy to do nowadays.

With these five tips we hope you achieve your financial freedom and live the life you want to live.

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