Earning Traditional Passive Income: Trisikad (bmx Standard Bike With A Sidecar)
A standard bike with a sidecar attached on bike’s right side.
A side car attached to it can accommodate up to 2 regular body built passengers (sitting capacity) for public transportation fare fee of 5 Philippine pesos each, making it 10 pesos income on every round trip.
No need to worry on gas, because it is driven through pedaling using driver’s feet (man power).
A man with his remaining money savings on his pocket purchased 3 units of Trisikad, rented by three local drivers for 50 Philippine pesos a day as a boundary payment.
Each night, the owner collects 50 pesos times (x) 3 units of trisikads making a total (=) of 150 Philippine pesos a night traditional passive income.
That the owner just sits down along with his friends during nighttime, joining the fun of drinking while waiting for his income on boundary collections.
The money that he spent on his leisure on drinking with friends came from his other sources of different traditional passive income.
A driver who rent those 1 unit of trisikad for that whole day to night earns at least 100 Philippine pesos, minus (-) 50 pesos as payment for boundary to the owner;
What is left is 50 pesos as the total average income of every sikad driver earns if he got an approximately 20 passengers a day.
But if a driver gains only 10 passengers for that whole day, he is still liable to pay 50 pesos to the owner (as boundary) and no earnings gain (zero income) and hope that tomorrow he can have passengers for more than 10.
By the way, even trisikads have their own association too, on which, the owner of the Trisikad unit or units, are liable to pay for either a monthly or yearly rental payment and it depends upon the association if how much.
No gasoline problem, no maintaining oil, no need for a road light, and no problem to buzzer horn (just make some whistling blow on your mouth) and everything is alright.