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I choose this title : Investing for passive income.

More than often, we will come to a point of realisation that money is never enough. That's unless you are another Bill Gates. The idea is how can one maximise what money is in the hand to generate even more. Personally, I believe that we need to look at the way we conduct our personal finance strategy seriously.

The amount of money we have each month is to meet our total expenses. If we failed to be aware that the money will not grow or multiply, but our expenses are always an uphill trend, then we'd be in for serious trouble. It does not matter if we are a business owner or a salaried worker. The same trend affects all. So, we can see, the principles will always be basic and same.

One must have a right form of budget each month. There are a few factors to consider when we prepare our personal finance for the year. This is how I and my wife do ours :

10% - Pay myself - most important.
10% - Pay wife - also equally important.
50% - For all monthly bills.
20% - For savings - retirement fund.
10% - For business investments.

A simple strategy like this will enable us to have a small capital readily on hand should there be a good investment or business opportunity. In this way, we will keep growing our income. That's the whole idea. There must be discipline to work the right priority in our personal finance. Do not pour all our income into business deals even if they are projected to make millions, so to say. If anything goes wrong, you only suffer a loss of 10% and below of your personal budget.

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