This archive report was first published on 28 July 2019.
On a typical Sunday evening, July 28, 2019, Seraphine Ruligirwa-Kamara emphasized the importance of passive income in achieving a good use of time.
According to Ruligirwa-Kamara, we all possess assets that can be classified into two categories: tangible and intangible. Tangible assets include hard cash, real estate, stocks, and bonds, while intangible assets encompass knowledge, skills, experience, connections, and personal brands.
Multiple sources of income (MSI) is a concept employed by nearly all prosperous individuals. It involves adding a fresh dimension of useful and fun ideas to one's everyday life, enabling the creation of a service that can be legally compensated.
MSIs should not interfere with one's primary source of income and should ideally be a passive source of income. This means that they should not consume too much of your time, allowing you to focus on other aspects of your life.
Some examples of MSIs include writing a book, producing 'how-to' audios or videos, real estate, royalties, and network marketing. Ruligirwa-Kamara encourages individuals to get creative with MSIs and to explore various opportunities that can generate passive income.
As Wallace D. Wattles once said, 'Never look at the visible supply. Always look at the limitless riches in the formless substance and know that they are coming to you as fast as you can receive and use them.'
