I think it’s relatively straightforward to build a passive income stream with just a small daily investment. Today, I’m going to explain how I plan to use this approach to cover some of my monthly spending needs. 

Building a passive income

The first step on a passive income journey is to build a savings pot. The size of savings required depends on your passive income target. Some investors will want to earn a lot of money every month. Others may have a more moderate target.

I’m targeting a monthly income stream of £500. This will cover the majority of my housing costs, which should help me save more in future. 

With a monthly target of £500, or £6,000 a year, I reckon a savings pot of at least £150,000 is needed to achieve this target.

My figures tell me it may be possible to hit this target with just £10 … Read more

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Among its many lines of business, Siemens Healthineers, the medical technology company headquartered in Germany, produces diagnostic tests for various diseases. So by mid-March, Deepak Nath, the company’s president of Laboratory Diagnostics knew this was uncharted territory. “You’re in the diagnostic field so you remember how you dealt with Zika or MERS,” he recalls. “As we got into March it became clear we were not dealing with an outbreak like we’d seen before and this was not something we were going to be able to snuff out.”

Since then, the company has been on the forefront of producing antibody tests for COVID—it recently announced a collaboration with the CDC for a ‘semi-quantitative’ IGG test for COVID, the first of its kind that will measure the duration … Read more

Freelance talent can help your agency save costs and get more done, faster. Learn how to work effectively with freelancers in our latest post.

Flexibility, lower overhead costs, expertise – there are so many reasons to hire freelancers.

At a time when workloads and financials are uncertain, working with freelancers can be particularly attractive.

However, not all agencies are comfortable hiring freelancers. And once hired, not all agencies are good at maximizing their returns from freelance talent.

In this guide, we’ll demystify the entire process of hiring and managing freelancers. You’ll learn:

  • The top three reasons for working with freelancers
  • How to build lasting relationships with freelance talent
  • Where to find great freelancers

Why Hire Freelancers

The last few months have revealed the fault lines in a lot of agency models.

Work has been inconsistent and there is general uncertainty about the near future.

While the prospects are certainly positive … Read more

Persil is re-launching its liquid detergent with changes to its packaging and formulation to significantly reduce the environmental impact of the product

Persil, the UK’s fabric cleaning brand, has announced the launch of its new liquid formulation, the first Unilever UK & Ireland product to launch with the Clean Future vision. The new product is both tough on stains and kinder to our planet, thanks to changes made to both the packaging and formulation.

The bottles are now made with 50{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} post-consumer recycled plastic, are 100{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} recyclable and the dosing ball previously provided with every bottle has now been removed, all of which reduce the amount of virgin plastic in Persil bottles by more than 1,000 tonnes annually.

The new liquid formulation is made with plant-based stain removers and biodegradable ingredients, which come from renewable or recycled sources. With the formula concentrated by 23{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b}, the bottles are smaller … Read more

If you’re looking for the best UK shares to buy right now, here are three of my favourites. 

Best UK shares to buy

With so much uncertainty swirling around the UK and global economy, I think it may be best to focus on high-quality stocks with a worldwide presence and strong balance sheets. 

With that in mind, I think it could be worth taking a closer look at Fevertree Drinks (LSE: FEVR). This company has grown from a start-up into one of the UK’s most promising growth businesses over the past few years. 

It recently started expanding into America, after taking over the UK market. Lockdown has hurt the business, but like many consumer goods champions, Fevertree’s strong customer following should help the business pull through. 

Indeed, analysts are forecasting a 30{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} decline in net income this year, followed by growth of 45{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} in 2021. Over the past six … Read more