The top Billionaires never stop learning. Warren Buffet reads constantly and below is some suggested reading but nowadays you have Youtube, podcasts, audiobooks whereby you can Learn on the Go.
Main work categories:- Employee, Self Employee, Business Owner, Investor with Pros & Cons but better to have Assets working for you as Passive Income that Liabilities e.g. Pay Rent or Get Rent
Another guide to Passive Income with comments by people who have made it along with practical advice on sections of social media including Facebook, Twitter, Instagram etc
Vital, helps Focus on business idea and direction
Passive Income & Asset. Attention <1 day p.mth. Risk - Property prices fluctuate but mainly up & still have roof over your head
Passive Income & Asset. Attention every hour every day unless automated. Risk - Share prices fluctuate & stock could be lost
Passive Income & Asset. Attention every hour every day unless automated. Risk - Prices fluctuate badly at tims
Passive Income & Asset. Attention <1 day p.mth. At present no major risk but no major profit based on Bank of England rate.
e.g. Asset - Property as Buy To Let = Rent £1,000 per month less expenses + hopefully Capital gain
Liability - Rent above property = £1,000 per month plus expenses Gas, Water, Electrics, Council Tax etc
Therefore the difference is £2,000+ But if your want to save for a deposit you Do have to Save and below are a few examples of unnecessary expenditure.
Do you want to be in the RED or in the PINK
Now the above scenario on daily savings gives you £2,683.40+ which you could invest in a Lifetime ISA & receive 25% bonus i.e.£4,000 saved + £1,000 max bonus makes £5,000 and with a partner that could be £10,000 per year. A healthy saving to an Asset for a little effort (Jan 2020)