Singapore is expensive. We are ranked #1 in the world for the most expensive city to live in for 6 consecutive years.
But that’s not all. We are going to get more expensive!
Water prices increase by 30%
GST to rise to 9%
Electricity increase by 6.1%
Gas prices to increase by 4.19%
Service and Conservancy charges increased
COE prices increased
Car park charges increased
… and many more
Based on some calculations, you may need additional $500 to $700 a month to manage these price increases.
If you can get your boss to pay you a pay raise of $500 or $700 more by tomorrow, that’s good.
If you can’t, we have 3 ways for you to make more money to overcome this rising costs of living in the long run.
1. Rent out your extra room
If you have an extra room in your home and no one is using it, consider renting it out to earn rental income. The average rental rate in Singapore for a single room is about $400 to $600, depending on the location and convenience as well.
Once you rent out, you can expect to receive additional few hundred dollars every month, which can help you overcome your all the rising costs.
2. Buy and rent a property
If you want your own privacy and don’t want strangers staying in your house, then you can consider buying a property and renting it out. A 1-bedroom condominium can cost anywhere between $500,000 to $600,000.
You can rent out the whole unit for $1500 to $1800 a month. After deducting the mortgage loan and expenses, you can still keep about $400 to $500 a month, which is extra income for you.
3. E-Publishing on Amazon Kindle
If you don’t have an extra room to rent out, or don’t want to live with strangers, or don’t have a huge capital of $500,000 to buy a property to rent out, then this method is best for you.
You can make a few hundreds to thousands of dollars by publishing e-books on Amazon.
The income comes from Amazon customers worldwide, and potentially you can make few hundreds to few thousand dollars a month, depending on the numbers of e-books you sell.
That’s because with this model,
– you don’t need to create any websites (because Amazon creates for you)
– you don’t need to handle any physical products (because Amazon manages for you)
– you don’t need to ship out any products (because Amazon delivers for you)
– you don’t need to find customers by yourself (because Amazon has 300 million customers for you)
– you don’t need to reply customer emails (because Amazon replies for you)
… and the best part
you don’t even need to write your own ebook!
That’s why so many working Singaporeans have chosen this method to create additional passive income out of their day job.
Do you want to start making real passive income out of your day job?
Do you want to make real passive income, using only a few hours a day?
Do you want to learn how you can start right away?
Here’s the good news.
This system will be revealed live in a free 3 hour seminar in Singapore. Click the button below to find out more