If you are Bengali then you have both a strength and a weakness.

The value of the Taka is not as strong as the value of the dollar.

That means that if you get paid in American Dollars, after the conversion to the Taka, it could be to your benefit.

Before I go on,  This post is not just for Bengalis.  You will see how others can make money on the Internet as well.

However, this is about starting your own business. It is not about getting another part time job.  It is hard.  And on top of that, you may not be successful.  You might waste your time and your money.  It is important to understand that you will be taking a monetary risk.

You should also consult the proper professionals for advice prior to starting this or any other kind of business.

Here is what you do:

1. Go to this link:  How to make money

2. Sign  up for Free.

3.  Upgrade to paid membership.

- It will cost you $40 initially and  $20 dollars per month thereafter.  This is your risk.  You are starting your own business.

However, when you have just two other people doing the same thing, you will be ‘even’.  After that, each person you bring in will yield you $20 initially and $10 per month thereafter.

And remember, these are American dollars we are talking about.  Think of how much more that is worth to you when converted into Takas!

So, you see, instead of a weakness you can turn your currency into a business strength!

Good luck to All Bengalis who read this!

Remember, it is important of your to understand that you will be creating your own business.  Therefore, as in any other business, you will be taking a financial risk.

I think that many Bengalis are looking for paid work when they come to this page. This is NOT paid work.

[ If you are looking for paid contract work, where someone hires you to do a job and you get paid directly by them - click this link ]

If you are not Bengali

- As for everyone else, it can work for you too.  You just might not have the strength of the currency conversion to help you as much as those from Bangladesh.

But it can work for you.  Remember, this is about creating a business.  It is not about getting paid for doing work for someone else.

Before you get involved in any business venture, you must weigh the pros and cons – also consult the appropriate professionals to help you as needed. This post just provides some very general information.  You should consult the appropriate professional for answers to your specific and unique questions.

You could lose money at this and / or end  up not making any money at all.  You have to work hard to make it work, just like anything else in life.

Good luck and wishes to all Bengalis (or anyone else) who read this!

If you are more interested in contract work where you are paid an agreed upon amount in exchange for agreed upon work, click here.

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Many people are interested in developing passive income. However, I think the term ‘passive’ is both a misnomer (a false name) and a relative term.

For example, a type of income that people often refer to as ‘passive’ is rental property income.

This is where passive is a misnomer. If you have enough rental property income to pay your bills then you also have a lot of management responsibility.

1. Someone needs to take care of things when they break.

2. You still have to take care of your property taxes.

3. You still need to have some insurance against catastrophe link the notorious ‘black mold’. – Getting rid of it can be VERY expensive.

The basic point here is that there are still problems to be handled.

It is true that you can hire a property management company to do it all for you – provided you can still keep enough income to take care of your lifestyle.

A few disasters can cause you some serious problems though and potentially disrupt your passive income. Perhaps not all of those disasters will show up in the form of ‘natural’ phenomenon.

A Real Estate agent I knew had a LOT of rental property. The problem for him was that he owed a lot on those properties in the form of mortgages. Since,
many of those properties were rented out to lower income families, when the economy got rough, many of those families left.

This left him with limited income but tons of liability in the form of those mortgages. I’ve lost touch with him, but I do think it didn’t go well.

Don’t get me wrong though, Real Estate is a great form of passive income. It’s just that the concept that it won’t be any work, as implied by the term ‘passive’ is just a little off.

Are There Better Examples of Passive Income?

This is where the term ‘passive’ is relative in my mind. Truly passive income is to me a false concept.

In the above example, my friend ran into some serious problems that I think he ultimately was not able to solve. That means he probably had to give up some or all of that property in the end. If there is no one to rent to, there is no income.

Of course, not all people who own rental property owe money on it. If you own the property outright, that is the best possible situation. Leveraging, complicates things and can lead to problems.

Now consider a different scenario. Instead of having your income rely solely on a handful of renters – or a few dozen – what if your income was stabilized by earning a LITTLE money from a WHOLE LOT Of people.

For example, if you were earning a few dollars from thousands of people instead of hundreds of dollars from a dozen or so people, wouldn’t that be better?

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