Last Updated on June 3, 2022 at 11:02 pm
My favourite Twitter bio is actors Kevin Hart’s: “My name is Kevin Hart, and I WORK HARD!!! That pretty much sums me up!!! Everybody Wants To Be Famous But Nobody Wants To Do The Work”. You can replace the “be famous” with “make more money”, which would still be true. Another reality is, among the people ready to work hard for extra income, very few know where/how to start. In this article, I show how it is possible to earn passive income from our daily interactions with society, for example, social media comments!
A couple of days ago, I was asked an interesting question: “Where did you get the idea for your passive income products?” I never thought about that before; I never traced the origins of a product. As I did this, I realised the seed was a question asked by a reader on social media or a suggestion on email.
That is when I realised the secret to side-hustles, passive income, gigs – call it what you like – lie within our interactions. “Everyone wants an extra income, but no one (= very few) knows where to start” would be a reasonably accurate paraphrase of Kein Harts profile quote.
I have tried the (1) list your passions; (2) ask which of these would be useful to others; (3) choose one and give it a try; Accurate as it is, the problem with this approach is, it lacks a vital element—an element that is responsible for the creation of freefincal: proof of public endorsement.
🔥Secure your future with our Robo-advisory tool trusted by over 3,500 investors and advisors. From effortless retirement planning to funding your children’s biggest dreams, turn your financial goals into reality. 🔥
Subscribe for money management solutions via email! (Link takes you to our email sign-up form) Join 32,000+ readers in our community.
👉 New Tool Alert! NaviPlan: A Privacy-Focused Multi-asset Tracker and Goal Planner 👈
In mid-2011, I published my first retirement calculator on onemint. The comments/reactions to that post played a big role in setting up freefincal. This is also true for “Chinchi gets a superpower”. The seed for this book was my comments on Facebook group Asan Ideas for Wealth threads: “How do we get our children interested in money management”. To be accurate: not in the comment, but in the reactions to that comment.
A couple of years later, I saw a random Twitter thread, and someone said, “If there is a decent resource for teaching money basics to kids, I will pay for it”. That is when I realised it, “why can’t I do this? I already have the outline.” So I dug up that old AIFW comment and expanded it.
The books by friends on how to profit from content writing and do not buy gaming consoles. Buy this instead also stem from demand perceived on social media. So the questions I wish to pose to you are these:
- Are you interested in passive income?
- No: Share this article with an interested friend. Thank you.
- Yes: Read on
- You have some interests; there some new developments related to those interests. For example, you are interested in physical fitness, and there is a new protein powder available on Amazon. You are interested in mutual funds, and there is a new NFO (there is each week); Can you explain or even outline these developments in a post or comment or article or short video?
- No: Then focus on being able to do this and not making money. Look harder!
- Yes: Read on
- How are people reacting to these? Do they find what you say insightful? Valuable?
- No: Then strive to say something relevant, easy to understand.
- Yes: Read on
You possibly have what marketers would call a “profitable niche”. If you can build on the content from such comments/threads and build a community, you may build active or passive income from this. No guarantees, though. You will have to roll the dice and find out.
Also just because people like what you have to say does not mean you can immediately package it into a product and make money out of it. Passive income needs constant nurture: Passive income is a crucial part of your retirement plan: How to get started.
Last week we discussed how to make the time to make more money. Public encouragement is a great motivation to create time! At the very least, the endorsement is an indication that people find value in what you have to say, and this is a big deal considering the general quality of what is posted out there.
A smart blogger, entrepreneur, a financial advisor would use this endorsement to tailor their content, business and income. Ideas are born from the problems others have. To be aware of this, we focus on helping others without expectation and not thinking about making money – particularly how much others are making!
Passive income resources
- How to earn one lakh a month passive income?
- Passive Income Automation: An Example
- Passive income examples that work in more ways than one!
We are on Google News
Use this button to add freefincal.com as a preferred personal finance source on Google News.
Explore 1,400+ videos on YouTube!
Subscribe to get posts via email!
Join 32,000+ readers and get free money management solutions delivered to your inbox! (Link takes you to our email sign-up form)Join our WhatsApp Channel
Explore our products
🔥Join our community of 9000+ users! 🔥- Use our Robo-advisory Tool to create a complete financial plan! More than 3,500 investors and advisors use this! Use the discount code robo25 for 20% off. Plan your retirement (early, normal, before, and after), plus non-recurring financial goals (such as child education) and recurring financial goals (such as holidays and appliance purchases). The tool helps anyone aged 18 to 80 plan for retirement, plus six non-recurring and four recurring financial goals, with a detailed cash flow summary.
- Our Flagship Course! Learn to manage your portfolio like a pro to achieve your goals regardless of market conditions! More than 3,500 investors and advisors are part of our exclusive community! Get clarity on how to plan for your goals and achieve the necessary corpus no matter the market conditions! Watch the first lecture for free! One-time payment! No recurring fees! Lifelong access to videos! Reduce fear, uncertainty and doubt while investing! Learn how to plan for your goals before and after retirement with confidence.
- Join the freefincal investor circle! An exclusive space for investors, advisors, fintech employees and students to access financial planning and insurance tools, mutual fund and stock analysis tools, coding strategies and Excel macros for data extraction. 750+ members are now part of our investor circle.
- Increase your income by getting people to pay for your skills! More than 900 salaried employees, entrepreneurs and financial advisors are part of our exclusive community! Learn how to get people to pay for your skills! Whether you are a professional or small business owner seeking more clients through online visibility, or a salaried individual looking for side or passive income, we will show you how to do it by showcasing your skills and building a community that trusts and pays you. (Watch the 1st lecture for free). One-time payment! No recurring fees! Lifelong access to videos!
- Portfolio Tracker! Track your mutual funds and stock investments with our Google Sheet!
- We also publish monthly screeners for
Our Podcast: Let's Get Rich With Pattu
On Spotify: Let's Get RICH With PATTU! Every single Indian CAN grow their wealth! On Audible: Listen to the Let's Get Rich with Pattu Podcast
Listen to the Let's Get Rich With Pattu podcast on YouTube.
Now watch Let's Get Rich With Pattu தமிழில் (in Tamil)!About The Author
Dr M Pattabiraman giving a lecture
- Dr M. Pattabiraman (PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras.
- He has over 14 years of experience publishing news analysis, research and financial product development. He has over 28 years of teaching and research experience. He is also a public speaker and keynote presenter.
- He is a patron and co-founder of “Fee-only India,” an organisation promoting unbiased, commission-free, AUM-independent investment advice.
- Connect with him via @pattufreefincal on X LinkedIn YouTube
- Pattabiraman has co-authored three print books.
This book helps you ask the right questions and find the right answers. It also includes nine online calculators to create custom solutions.
(2) Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want. 
Both the boy and girl versions of "Chinchu Gets a Superpower".
Most investor problems stem from a lack of poor decision-making. We made bad decisions and money mistakes when we started earning, and we spent years undoing them. Why should our children go through the same pain? What is this book about? As parents, what if we had to groom one ability in our children that matters not only for money management and investing but for every aspect of life? My answer: Sound decision-making. So, in this book, we meet Chinchu, who is about to turn 10. The story follows what he wants for his birthday and how his parents plan it, while also teaching him key ideas about decision-making and money management. What readers say! 
Feedback from a young reader after reading Chinchu Gets a Superpower!
Must-read book even for adults! This is something that every parent should teach their kids right from a young age. The importance of money management and decision-making based on their wants and needs. Very nicely written in simple terms. - Arun.
About freefincal & its content policy
Freefincal is a News Media organisation dedicated to providing original analysis, reports, reviews and insights on mutual funds, stocks, investing, retirement and personal finance developments. We do so without conflict of interest and bias. Follow us on Google News. Freefincal serves more than three million readers a year (5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified with credible and knowledgeable sources before publication. Freefincal does not publish paid articles, promotions, PR, satire or opinions without data. All opinions will be inferences backed by verifiable, reproducible evidence/data. Contact Information: To get in touch, please use our contact form. (Sponsored posts or paid collaborations will not be entertained.)Our publications
- Your Ultimate Guide to Travel. This is an in-depth exploration of vacation planning, including how to find affordable flights, budget accommodations, and practical travel tips. It also examines the benefits of travelling slowly, both financially and psychologically, with links to relevant web pages and guidance at every step. Get the PDF for Rs 300 (instant download)
- How to profit from content writing: Our ebook is for those interested in getting a side income via content writing. It is available at a 50% discount for Rs. 500 only!