Womble.

 

The way to become free is to have a flows to us without effort.

• Passive income is money that comes without effort. In reality, it is a form of delayed payment for past work. For instance, royalty income from a book is passive income but writing the book in the first place is hard. My money machines are just the same- they are hard to set up but easy to maintain.
• I will be lucky to have made fifty pounds by the time you read this. This may seem a small sum but remember what I said. A money machine should be for life.
• I have created a number of such machines. Some earn hard cash. Some reduce my overhead or bring in benefits in kind.
• I am a longstanding Avios collector but have now automated this by registering my credit cards with the Avios site. From this point on I will be paid each time I make a qualifying purchase.
• Avios are not cash, of course, but they are fun provided one does not take them too seriously. You should visit head for points if you think you would like to become a serious collector.
• If you have a smartphone you should download the Bink app for more Avios and download the GBK app for free burgers. Use code geUQ5 for a free side (I get one too).
• I have also automated my purchase of Premium Bonds by setting up a standing order into my bond account. Any winnings will be credited directly to my current account. Automatic payment does not generate cash but it does save time which is the same thing.
• I have switched off my fridge. This leads not only to reduced power bills but to eating more vegetables and less meat. Meat does not store well outside of the fridge.
• I am also experimenting with lentils and rice in place of meat. This is healthier and cheaper and also more convenient once one has got one's act together.
• To reduce energy consumption I have also descaled my washing machine. In theory, the machine should now last longer and wash better. Money will be saved but I am not sure how much.
• All in all, I think I have done well. I will treat myself to a GBK burger and plan my next move.