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Showing posts with label how to use your time for passive income. Show all posts
Showing posts with label how to use your time for passive income. Show all posts

Saturday, 25 June 2011

My Challenge To Create Time For Passive Income

The purpose of this blog is to generate passive income which I will use to pay my monthly mortgage payments. At the moment the interest rate in the UK is 0.5% and the rate on my mortgage is 3.29%. I pay approximately £430 per month. Making my monthly mortgage payments using passive income would be such an achievement for me. I am currently generating £100 per month so far which means than I have surpassed the 20% mark.

I am working hard towards my targets but I am also wasting a lot of time doing things that are not really contributing towards the passive income stream. When I do go online I am not as efficient as I like to be and these things are really holding me back and making me achieve my goals slower. I am now determined to organise and plan in advance so that I know exactly what I am doing.