UNIT 8: MONEY AND FINANCE
My name‿ is Dana,│ an(d) three years‿ ago I started looking for passive‿ income,│ because my salary covers the bills│ but nothing more. My first‿ idea was to rent‿ out the small flat my grandmother left‿ us,│ an(d) now two students live there.
It‿ is not‿ as passive‿ as people say. I have had three tenants,│ one broken washing machine,│ and‿ a month with no rent‿ at alladall. I have‿ also learned that deman(d) matters:│ in my cityci-dy,│ a flat near the university is‿ always‿ easy to rent,│ but‿ a flat‿ an‿ hour‿ away would stay empty. Still,│ the extra money is reliable,│ and‿ it pays half‿ of‿ our mortgage.
My frien(d) Marco is trying something more creative. He buys‿ ol(d) furniture,│ photographs‿ it,│ an(d) sells‿ it‿ online,│ an(d) he is writingwri-ding‿ a book‿ about‿ it for royalties laterla-der. He works twentytwen-dy hours‿ a week‿ on something that will pay him nex(t) year. That‿ is the hones(t) truth‿ about passive‿ income:│ the money comes laterla-der,│ but the work comes now. If somebody promises│ that youthatcha get rich│ while you sleep,│ that‿ is not‿ an‿ economic plan. It‿ is‿ an‿ advertisement.