How I’d earn passive income for the price of a bus ticket each day

first_img christopherruane owns shares of Unilever. The Motley Fool UK has recommended Diageo, Morrisons, and Unilever. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Christopher Ruane Working for one’s money can be hard. Between long hours, demanding deadlines, and managing workplace politics it’s no surprise a lot of people aren’t missing the daily grind right now. But work is an important source of income for most people. That’s why a lot of people now are keen to set up passive income streams – ways of getting money without having to work for it.Some of these are capital intensive, like buying a property and renting it out. But some passive income streams can be built for just a couple of pounds a day, the price of a bus ticket. Here I explain how.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Why I like shares for passive incomeMy own approach to passive income is that shares can be a good way for me to earn it. If I just tuck away a couple of pounds each day into a Stocks and Shares ISA, I will hardly miss it. But over time that can help me build a tax-efficient savings pot with which to invest in shares for passive income.Not all shares generate income. Some companies are in growth mode, so prefer to reinvest their profits in the business. That is why companies like The Hut Group wouldn’t be on my passive income list. While their shares may grow, I don’t expect them to pay dividends soon. Indeed, their boss said last month that he has no plans to start paying dividends and will instead focus on building the business.So for passive income I would look for a share I expect to pay dividends consistently in the future. Dividend policies can change, but a helpful starting place is the company’s payout history. Have they paid out dividends regularly in the past and do they look likely to have the financial means to do so in the future? Utilities are often a popular pick for this reason. Not only are they often substantial dividend payers, but a regulated pricing regime can provide forward earnings visibility which many non-utility companies don’t have. So, for example, the near-5% yield of United Utilities looks like an attractive passive income source.Keeping it passiveOne mistake many people make when seeking passive income is investing in shares and then spending hours every week monitoring them. That is a mistake in my view not because it isn’t right, but because it means the income isn’t passive. I’ve learnt that truly passive income should keep flowing in even if I go away for months or years and pay no attention.That’s why a popular passive income pick is old blue chip companies with fairly steady markets, such as Unilever, Diageo, and Morrison’s. Their fortunes may ebb and tide but in general, long-established companies which are cash generative are the sort of passive income pick which let me sleep at night without thinking about them. If markets change, for example, because shopping habits shift or alcohol consumption falls, the companies’ fortunes could change. However, one technique I have selected to help manage such risks is diversification. As I put a little money away often, I can invest in different companies on my passive income list. That way, even if one company I’ve discovered does badly, I would still expect to be earning passive income overall. Enter Your Email Address I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Christopher Ruane | Sunday, 28th February, 2021 center_img Our 6 ‘Best Buys Now’ Shares Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. How I’d earn passive income for the price of a bus ticket each daylast_img read more


first_imgGov. Pence Endorses Eric Holcomb for Indiana GovernorBy Matt Peak,  Evansville IndianaGovernor Mike Pence endorses Lieutenant Governor Eric Holcomb for Indiana Governor.The Republican Vice Presidential Nominee says he believes Holcomb could best do the job.Pence tapped Holcomb to be the Hoosier State’s Lieutenant Governor earlier this year.Representative Susan Brooks, Todd Rokita, and Senator Jim Tomes have also submitted their name for consideration.The Republicans must caucus and pick their candidate in the next few weeks before squaring off against Democrat John Gregg in November. U.S. Senate Candidate Evan Bayh Visits Evansvilleby Matt Evansville IndianaFormer U.S. Senator Evan Bayh recently began in his “Freedom, Security, and Prosperity for Indiana” Tour.  He stopped in Evansville Friday.Bayh believes he is the man who can help Republicans and Democrats work together.He pointed to his long track record of being governor and U.S. Senator as why people prefer him to Baron Hill, who dropped out of the race last week.Bayh said if he wins, he will work to create jobs, cut taxes, grow small businesses, and make college more affordable.  He also stopped in South Bend, Gary, and Terre Haute.FacebookTwitterCopy LinkEmailSharelast_img read more

Burnley bakery prosecuted

first_imgA Lancashire bakery has been fined more than £6k by the Health & Safety Executive (HSE), after a worker lost the tips of two fingers in a pasty-making machine.An investigation found that part of a metal guard had been deliberately removed, allowing employees to add fillings to the machine while it was still operating.An employee had been feeding a cheese and onion filling machine into the top of the machine when his right hand was struck by the pistons, heard Reedley Magistrates’ Court this week.The incident, which took place on 7 September 2012 at the Tayyabah Bakery in Burnley, resulted in the employee being off work for almost a year.The owners were fined £1,000 and ordered to pay £5,002 in prosecution costs after pleading guilty to a breach of the Provision and Use of Work Equipment Regulations 1998 by failing to prevent access to dangerous machine parts.David Myrtle, inspector, HSE, said: “The injuries suffered by the employee have had a significant impact on his life but his injuries could have been even worse. If the machine had been set up with larger pistons, as it was on some days, he could easily have lost all of his fingers.“The machine was entirely safe to use when it was installed, but by overriding an essential safety feature to speed up production, the company exposed employees to an unacceptable and entirely avoidable level of risk.”last_img read more

Falkensteiner repositioning: Focus on four types of holiday motivation

first_imgFalkensteiner Hotels & Residences is repositioning itself, aiming to become the leading hotel group in Central and Southern Europe.  “The new branding process allows us to redistribute hotels according to four types of holiday motivations – “activity”, “pleasure”, “fun” and “relaxation”. Clear positioning makes it easier for the guest to find a suitable hotel that will suit his wishes and expectations.“Points out Erich Falkensteiner, a member of the society and founder. “We have a clear vision for Falkensteiner Hotels & Residences in the future. Our goal is to become the leading hotel group in the holiday segment in Central and Southern Europe. New projects are already in the pipeline – including two exclusive hotels, in Cortina d’Ampezzo in Italy and near Kronplatz in South Tyrol, which will further strengthen Falkensteiner’s leading role as a hotel group in the travel and leisure segment.” concludes Otmar Michaeler, CEO of Falkensteiner Michaeler Tourism Group (FMTG) The basis of the repositioning is primarily the promise to the guests: “For every stage of life, they offer a hotel for ideal moments of rest. ” The offer of the Falkensteiner hotel group includes a total of 26 hotels and three apartment resorts in the four- and five-star categories in seven European countries. Under the Falkensteiner Hotels & Residences brand, this hotel group offers 4.700 rooms and more than 1,7 million overnight stays and has a turnover of 180 million euros.  In 2018, Falkensteiner began the process of a comprehensive, strategic repositioning of the brand in order to continue building its position as the leading family group of holiday hotels in Central Europe. To fulfill this promise, they will further adapt their offer and services to the needs of guests, but will also focus all future business processes more strongly on interaction with current and future guests. The new marketing and development strategy of the hotel industry in the holiday segment is the reason for the sale of the hotel in the City Hotel in Vienna’s Margareten district.last_img read more