Kiyosaki says that most often than not, a home is a liability and not an asset. Why? It is because for most people their homes bring a lot of expenses to them rather than an income. They need to pay various home utility bills aside from the real estate taxes.
Everyone knows that he or she can make money from home. Well aside from various home-based businesses such as blogging, and other outsourced work which you can do in the convenience of your own home, there are more ways for you to make money from your home.
Take in a Lodger. Renting out your home for tenants is one of the most popular way of making money from your home. It is a quick way to earn money from a spare bedroom although you will “pay” for it with a level of loss of privacy.
Location for Film or TV Advertisements. You can also make money from your home by renting it out as a place for a movie or TV commercial shoot. The most likely attribute it’s going to have is a unique or curious aspect. Your home should be a suitable venue for a scene on a movie or a place for shoot for tv commercials.
Short-Term Let. If your home is near a sporting venue or to a location of a big annual event, you could rent it out to participants and spectators, because even the smallest flat could be let-able. Some small time businesses can be set up using the space in your home.
Alternatively, if your home is near an airport, you could rent some of your space as a parking space.
Get Advertisements. If your home is located in a good location, say in a subdivision, where there are a lot of people passing by, you could set up a little billboard in your fence and get advertisers to advertise their products and services.
This was the case in one of the homes in our subdivision. The lot where the home was built is a corner lot and a lot of cars and people are passing by that home just to get to their respective homes. It was in a very good location.
The home owner took advantage of it and built a small billboard on their fence for interested advertisers. As expected, there were some advertisements on it. I remember there were times that when I passed by to that home, the billboard was full of ads and there were no more slots available for new advertisers.