As part of my big plan to achieve financial freedom before age of 26 and starting enough capital to start up at age of 28, I am now on my way to build my first passive income.
I will be using internet to start making money, with virtually no capital so that there is no issue of risk. No inventory, no physical product and only spend at most two hours a day for it. My final goal is to be able to make SGD1000 every month without working. I will disclose the development and full details when physical cash flow into my account. Currently there are plenty to pick up and testing out.
I am not sure this will work but I am going to give it a try. So stay tuned for upcoming progress.
I shall call this “The Cashflow Project”, and now I officially announce it and launch it here so that it will keep me motivated and will not back out.
My short term goals are:
1. Break even the money I invested in. Probably like SGD60 to buy some books to read up.
2. Channel 50% profit to stock market, 30% expanding the business and 20% to save up for my sister’s Macbook Pro.
To my success and wish me luck! Ok I dun need luck, I need a business mind.
