I will soon be made redundant from my employment position and am in the midst of weighing up my options.
I have some neg geared properties so thats an issue,
Anyhow, I've read too much Kiyosaki and my mindset tells me that working for money is not the way to go.
I'm leaning towards buying a franchise that someone else can run to start with while I do minimal work but take the profits.
I've also thought about just taking an easy job for the mean time such as cleaning, as its not hard and I wouldn't mind it too much.
But in the long run I'm going to need some cash-flow, and I have no qualifications. I don't want to go to school to get any because I don';t want to "work" for money, I want it to work for me.
What are some other ways I may not have thought of for cash flow with minimal effort?
My plan is to travel within a few years and so far my investments are taking care of that for me but I have a golden opportunity now where I can do something else. I just don';t know what yet..
I have some neg geared properties so thats an issue,
Anyhow, I've read too much Kiyosaki and my mindset tells me that working for money is not the way to go.
I'm leaning towards buying a franchise that someone else can run to start with while I do minimal work but take the profits.
I've also thought about just taking an easy job for the mean time such as cleaning, as its not hard and I wouldn't mind it too much.
But in the long run I'm going to need some cash-flow, and I have no qualifications. I don't want to go to school to get any because I don';t want to "work" for money, I want it to work for me.
What are some other ways I may not have thought of for cash flow with minimal effort?
My plan is to travel within a few years and so far my investments are taking care of that for me but I have a golden opportunity now where I can do something else. I just don';t know what yet..