Describe the form and impact of passive income.
Form of passive income :
Some form of passive income comes from money in the bank or your investments. But the fact that you are worried about taking a knock when the interest rates are reduced. How fickle your passive money is, and you know, first of all, they want to tell you that you need to diversify; you need to do a lot more things and cover yourself with additional passive money. So you know, it’s a chap that everybody falls into when they retire; they get a lump sum, they might get a payout from a company. They might get the highest portion of their pension payout, and the first thing they do is they going to put the money in the bank. Which, by the way, is usually an interest rate, or they will put it into some equity fund.
They will be getting this amount back from borrowing interest rate movements. The problem is that you limit it into one basket of investments right to you into one form of passive income. So they advise you the diversification you much on the spot where it comes down to diversify and most people what they are used to is putting the bank of the money in the bank or relying on money market accounts or whatever and when the interest rate Drops.
Something like this happens; that’s all the problem with listening to traditional and basting advice; traditional investing advice via what they usually spend most of your life paying down your house and putting all your money and stocks. The only problem is that, like Corona, house prices kids to knock off about 20% of share prices, and false interest rates get cut.
Impact of passive income :
Now you’re with very little of your investment left, you’re absolutely and what another they kept coming to observe people are asking here about the different platforms for crowdfunded forming. So one of the first ones you should look at, solid here in South Africa, is the Fed group; you can go and look, and can you remember what it’s called there? Its passive income impact forming. They think it’s incorrect for the youth; they’ve got the crowdfunded for you, which is called impact forming; you can buy our solar bees honey and an app on your phone. You can manage it off, which is excellent, and they mean there are so many platforms out there. They don’t want to sound like they are promoting anyone or anything because they are not promoting anybody’s specific products.
But go and Google around a bit, going for a crowdfunded forming, and you will find many different options. Are there at least seven or eight options in South Africa? That they know of and outside of South Africa, they mean this is just countless examples; another one that you were mentioning is the cattle one. They think that was called livestock wealth, the property one is wealth migrate dot-com, and the cash box one is cash box not global, and somebody was asking about cash box. They’ve never dealt with him personally don’t know if you have; they’ve partnered up with your wealth; they’re great. They saw them at some seminar, and they explained how it works; it’s exciting how they work, so they go to incidents like big banks. They think it is whatever the bank is called the game anyway, but it’s one of the biggest banks in America, and one of the important is it’s an investment bank.