Best Business

[yueqian]

Hi, I am a working in a call center and a student at the same time. However, aside from my monthly income as an employee, I would also want to have another source of income. What do you think is the best business that I can start? Any suggestions? Thanks.

[Homeboy]

Gusto mo ba ng conventional ways para kumita?
You can try e-load, or pautang (5/6). Working student ka kamo, hassle sayo cguro kung ang pinagkakakitaan mo e hands on ka lagi.

Pero kung passive income ay pwede ka mag mutual funds or kung mataas risk appetite mo e mag stocks ka.

Anyways, theres the pros and cons. Asses your financial situation then make a 6 month plan.

Good luck to your endeavors!

[EngrjEEpoy]

Meron ka ng dalawang pinagkakaabalahan sa buhay mo; ang call center job at pag-aaral. Sa tingin ko, 'wag ka ng maghanap pa ng ibang bagay na aagaw ng oras mo. Kung may sobra ka pa talagang oras e masmagandang ibuhos mo un sa pag-aaral or kung hindi naman e dyan na lang sa trabaho mo ngayon. 
Kung talagang desidido ka pang maghanap ng iba pa e siguro magstart ka na sa mutual funds.

[yueqian]

Ang plan ko kasi, I will let my brother take care of it then sa kin na lang yung ibang kita. I'm not living with my parents anymore for a long time. Di naman pwedeng sa call center lang na kita lang ang aasahan ko. Thanks guys sa suggestion

[LiveLoveInvest]

Gusto mo ba ng conventional ways para kumita?
You can try e-load, or pautang (5/6). Working student ka kamo, hassle sayo cguro kung ang pinagkakakitaan mo e hands on ka lagi.

Pero kung passive income ay pwede ka mag mutual funds or kung mataas risk appetite mo e mag stocks ka.

Anyways, theres the pros and cons. Asses your financial situation then make a 6 month plan.

Good luck to your endeavors!

Care to share how mutual funds can be a source of passive income?

I think MF/UITF can be classified as paper investments and not a source of passive income.

From Wikipedia;

Passive income is an income received on a regular basis, with little effort required to maintain it. 

[prnd32]

Hi, I am a working in a call center and a student at the same time. However, aside from my monthly income as an employee, I would also want to have another source of income. What do you think is the best business that I can start? Any suggestions? Thanks.

What are you studying at the moment?  Select a business related to your course.

[phreyesj23]

Hi, I am a working in a call center and a student at the same time. However, aside from my monthly income as an employee, I would also want to have another source of income. What do you think is the best business that I can start? Any suggestions? Thanks.

First, there's no such thing as "best business", much like having "investment with zero risk". 

Instead of adding income to your cash flow (and considering your age), you might want  to invest your money first on either of the ff:
1. insurance
2. stocks
3. mutual funds
4. coop (if your company have one)
5. yourself (buy books and make sure you read them, attend seminars about financial literacy/business)

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store

So by the time you finish your studies and saved enough, you can then focus on your start-up business.

Just don't put all your money on the bank, OK? 

How does that sound to you? 

 

[prnd32]

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store
 

Is there any study showing "success" in sari-sari store?   And how do you think TS, as a working student, can manage the sari-sari store the way the article suggests?

[DonT]

Care to share how mutual funds can be a source of passive income?

I think MF/UITF can be classified as paper investments and not a source of passive income.

From Wikipedia;

Passive income is an income received on a regular basis, with little effort required to maintain it. 

It is possible.

[grayback_01]

First, there's no such thing as "best business", much like having "investment with zero risk". 

Instead of adding income to your cash flow (and considering your age), you might want  to invest your money first on either of the ff:
1. insurance
2. stocks
3. mutual funds
4. coop (if your company have one)
5. yourself (buy books and make sure you read them, attend seminars about financial literacy/business)

...or you can always try opening a Sari-sari store if it's still feasible in your area. (if, of course, there's someone to man the store) Here's a detailed guide how you can manage your small store

How to Succeed In Your Sari-Sari Store

So by the time you finish your studies and saved enough, you can then focus on your start-up business.

Just don't put all your money on the bank, OK? 

How does that sound to you? 

 

Ayos 'tong suggestion mo brother ah.
Maganda 'to as passive income considering you're working pa(full time)

[phreyesj23]

Is there any study showing "success" in sari-sari store?   And how do you think TS, as a working student, can manage the sari-sari store the way the article suggests?

That's why I said:

(if, of course, there's someone to man the store)

I dunno if there's a study though, but there are countless stories out there of course. 

[yueqian]

What are you studying at the moment?  Select a business related to your course.

- pano yun sa Psychology? LOL

[prnd32]

That's why I said:

I dunno if there's a study though, but there are countless stories out there of course. 

Sir phreyesj23, do you own a sari-sari store?  Kindly tell one story.   What is the ROI of that sari-sari store?  Annual growth rate? 

[phreyesj23]

Sir phreyesj23, do you own a sari-sari store?  Kindly tell one story.   What is the ROI of that sari-sari store?  Annual growth rate?

Yes, I do . That's why I was able to write an article how to manage one.     Hmm..as for the Math (sorry can't let you see my spreadsheet  ), the average is at 38% on returns. It may not satisfy your "success story" but I'm good with that. 

Annual growth rate?

Seriously?? 

[prnd32]

Yes, I do . That's why I was able to write an article how to manage one.     Hmm..as for the Math (sorry can't let you see my spreadsheet  ), the average is at 38% on returns. It may not satisfy your "success story" but I'm good with that. 

Seriously?? 

So, this is a business with no growth plans.. Goodluck sir!