Member-only story
How I Turned My Savings into a Passive Income Machine — Without Risky Investments or Strategies
People often think of risky investments, complicated financial manoeuvres, or needing massive capital when they hear about passive income. You don’t need to take enormous risks or become a financial wizard to build a reliable passive income stream.
I’ve done it using simple, low-risk strategies that anyone can follow. Today, these strategies generate enough income to cover my living expenses, and I will share exactly how I did it.
Shifting My Mindset from Saving to Investing
The first and most crucial step in my journey was changing how I viewed money. Like many people, I used to think saving money meant stashing it away in a savings account and letting it sit there, slowly accumulating interest. However, with the low interest rates offered by traditional savings accounts, this approach barely kept up with inflation and grew my wealth.
I realized I needed to make my money work to build a substantial passive income. Instead of letting my savings gather dust, I began exploring ways to invest them. The goal was to earn a return on my money exceeding what a savings account could offer without taking undue risk.
