Best Passive Income Ideas That Will Let You Enjoy Life More

“Making money while you sleep” has a nice ring to it, doesn’t it? After all one of the goals of financial independence is to build wealth that doesn’t eat up your time, so you can enjoy life and do the things you choose to do. The Best Passive Income Ideas That Will Let You Enjoy Life More

The truth is that building a passive income stream usually isn’t passive at first. It requires time, money, skills or all three. But where do you start? The first step is to just build a small nest egg savings account that you can use for later. We’ll come back to this.

Building multiple streams of passive income has an additional benefit in the short term: it can make you more resilient, and better able to weather economic shocks.

What is Passive Income?

Passive income is money earned with minimal activity through any venture that requires little daily effort or upkeep on the individual’s part.

Let’s break that down a bit more:

Passive — requiring little or none of your most precious resource, your time!
Income — generating cash inflow to you that either represents income you use in the course of daily life or that you re-invest.

A good litmus test is that you should be able to go out and get a full-time job, that takes up the majority of your working hours, and still be able to run your passive income streams.

The concept of passive income is not a popular theory among we common people. But among super rich people, passive income generation is a practice which they cannot live without. Best Passive Income Ideas That Will Let You Enjoy Life More

The Definitive Guide On Making More Money

Here’s the truth all the savings gurus in the world refuse to acknowledge: There are only so many
ways you can cut your expenses. On the flip side, there are literally hundreds of ways to earn more money.

Who Are Poor People?

Poor people are those who are not able to generate enough income to even manage their basic necessities of life.

Related: Top 23 Online Business Ideas That Make Money Today

Why they are poor? Because of their limitation to generate more income.

We all have this limitation. Everyone has their own limitation of income generation. But there is a way to overcome this limitation. How? By resorting to passive income.

Who Are Rich People?

Rich people are ones whose passive income is high. Rich people may also work for money, but they have almost zero dependency on their income from job/work. The are financially independent.

Even if they stop doing work, their passive income will take care of all needs of life. It is the passive income that makes a person “really rich”. Why I say really rich? Because to generate passive income, one need not work.

Yes, “no work income” is what gives the passive income an exponential growth capability. Rich people are made this way. Are you looking for passive income ideas so that you can start making more money?

We Will Discuss:

What Passive Income is,
The positives of Earning Passive Income,
Smart passive income ideas,
Best passive income ideas for students, and
The hard work that goes along with it.

Why should I have more than one Source of Income?

Do you ever feel too reliant on one source of income? Maybe you are afraid that one day you will lose your job or that something will happen to your main source of income.

The beauty of starting one of these passive income ideas is that it allows you to diversify your income.

This means you won’t have to worry as much about one of your income streams having a bad month or completely disappearing – you’ll be earning income in other ways and be prepared.

By diversifying your income with multiple income streams, you will have a backup plan, you may be able to retire easier and earlier, and so on.

What are the positives of learning How To Make Passive Income?

Passive income is great. Some of the positives of earning passive income include:

You can make money with little work to maintain it. This is a huge positive of passive income! Who wouldn’t want to find an income source that didn’t take much work to maintain?
You can travel extensively and enjoy wherever you are exploring. Passive income can support you while you travel.
Can diversify your income. You want to diversify your income because one source of income may not last forever, and you may be able to lessen your risk by having multiple income streams.
You can do what you love while still making money. This will help you to always have money for your bills and other necessities.
Can retire and feel a little more comfortable knowing that you’re still bringing money in.
You can start a family, and earning passive income can help you devote more time to your family since you may be able to work less.

As you can see, there are plenty of reasons for why you may want to find passive income ideas.

What Are The Best Passive Income Ideas? How can I generate Passive Income?

Having a passive income stream sounds great, right?

You are now probably wondering exactly how to make passive income? Some passive income streams may require more set up than others, and some are riskier than others. Some are great beginner passive income streams too!

List of Best Passive Income Ideas That Will Let You Enjoy Life More

Each idea suggested in this article will guide you towards an asset. Investing in these assets will start a stream of passive income. Though the initial yield will be low, but it will eventually increase with time.

1. Affiliate Marketing.

Out of all of these Passive Income Ideas, this one is my absolute favorite.

That’s because I regularly earn through Affiliate Marketing alone and it is a great passive income online.

Now, it’s not always the most passive. But, I am able to earn income while I’m on vacation, have no internet, am sleeping, and so on.

Earning affiliate income is something that I’m extremely grateful for, especially lately. I have been so busy and I haven’t spent as much time on the business as I would normally like.

Having this passive income source allows me to keep earning when I don’t have as much time for my business.

But What is Affiliate Marketing?

Affiliate marketing is when you try to earn money by placing an affiliate link on your website, social media account, etc. and have people purchase a product through your link.

An affiliate is a person or business who promotes a product or service offered by other businesses. You become an affiliate when you promote an affiliate product.

And as an affiliate, you are given a special link that tells the company that a customer came from your site.

An example would be Amazon book sales, where you link to a specific book on your website and try to get people to purchase the book through your affiliate link.

You can share an affiliate link with your audience in many different ways, such as:

Promoting it on social media
Sharing it in a podcast or webinar
By adding an affiliate link to your blog (you can do this by inserting a link within a blog post, page, email, etc.)
And more!

2. High Yield Accounts: Best Passive Income Ideas

This is probably the easiest of these passive income ideas to get into, yet so many people skip it!

High yield accounts are a great way to grow your savings, but most people have their money in accounts with low rates. Unfortunately, that means many of you are losing out on some easy cash!

If you’re like most people, you probably don’t even know what interest rate you’re getting on your checking and savings accounts. You were probably told the percentage when you opened your account, but that could have been years ago.

If you’re looking for a free checking account, as well as a higher than average interest rate on your savings account, look no further!

Savings accounts at brick and mortar banks are known for having really low interest rates.

That’s because they have a much higher overhead – paying for the building, paying the tellers, etc. Betterment Everyday is an online option, which means they have lower costs, then passing the savings on to you.

Over a 10 year period, that same savings balance with a 0.30% balance would earn you an additional $300, whereas a savings account with an interest rate of only 0.09% would earn you a mere $90.

Your money is just as safe in a Betterment Everyday account as it is with a brick and mortar bank. You’re just earning more interest, which is something that everyone wanting to learn how to be rich can take advantage of.

Betterment is just a great place to save your cash and earn high interest on it, whether that’s your first $500 toward a rainy day fund, your $2,500 tax refund, your savings in general, a down payment for your next house purchase, or money you’re saving for your next vacation.

It’s money you’re earning with no risk, and that’s a great feeling!

3. Blogging: Best Passive Income Ideas That Will Let You Enjoy Life More

Even though it isn’t super passive, especially in the beginning, it’s one of my favorite passive income ideas. But, it is a lot of hard work and can take up pretty much all of your time when you are first starting.

However, as discussed above, there are ways to make your blogging income more passive (like earning affiliate income), so that you can have more freedom.

Learning how to start a successful blog is no easy feat. If it were easy, then everyone would be doing it! That being said, one of the best things I’ve ever done in my life is learning How To Start a Blog.

Blogging completely changed my life, and it’s funny to think that I literally had no idea what blogs were until I started one in 2019. So, even if you have no clue How To Start a Successful Blog, you can do it! And, I’m about to tell you how.

4. Rental Income – Rental Real Estate: Best Passive Income Ideas

This is the best form of passive income. It can be generated from property purchase. But problem is, property purchase requires high capital investment.

Nevertheless, it’s still worth it. One can buy two types of property: residential Property and commercial Property.

Depending on ones affordability, one can buy any size of property. By putting this property on rent, passive income can be earned each month.

I don’t have rental real estate, but this is one of the passive income ideas that we have been thinking about lately.

Earning rental income each month would increase our cash flow. It would likely be a steady stream of income we earn every month. Plus, we may even be able to earn significantly more for the property when we sell it years later.

But, not everyone considers rental real estate passive because your rental property might not always be rented out, and it takes work to maintain the property.

However, if the rental property is in good shape and you have good renters, then there may be little work that needs to be done in order to continually bring in an income.

This does become even more passive if you outsource the property management duties and home maintenance tasks.

5. Rent out a Room in Your Home: Best Passive Income Ideas

While you may not want to buy rental real estate properties, there are other passive income ideas with little money that are similar.

And, that is by renting out a room in your home.

We had several roommates when we lived in a house, so I am very familiar with this source of passive income. While renting a room in your house most likely will not make you rich, it may earn you a good amount of side income.

6. Dividends From Your Investment Portfolio

Dividend income can be generated from stocks. Dividends are as good as rental income. For me, both are equally desirable.

But identifying a good dividend stock is slightly tougher. The key control point is the price of purchase. Stocks must be bought at undervalued price levels.

This is one of the best passive income ideas that many take part in. It does take some money to start, but this is something you can work on even if you don’t have much money to start.

Here’s how Investopedia defines dividends:

“A dividend is the distribution of reward from a portion of the company’s earnings and is paid to a class of its shareholders. Dividends can be issued as cash payments, as shares of stock, or other property, though cash dividends are the most common.”

By investing in dividend paying stocks, you may be able to earn a sizable passive income with very little work needed to be done.

This one of the riskier passive income ideas, because there is no way of knowing exactly which stocks will earn money and what the stock market will do over time.

7. Start an Online Store: Best Passive Income Ideas

Yes, you can start your own online store, and you don’t need to have tons of experience or a lot of money to do so. Many people start with no background, which means that if this is one of the passive income ideas you are interested in, then you should definitely read on.

The creator of E-commerce and Prosper, who explains exactly how to start an online store and make extra income. Jenn is a corporate mom turned e-commerce store owner and blogger.

She started her online business a little over three years ago, and since then, she has developed and grown three successful online e-commerce stores earning an average of $19,000 per month.

She is super successful despite only spending around 5-10 hours per week on her e-commerce business.

8. Interest Income

If one cannot think of anything, bank deposits can generate passive income instantly. Bank deposits can be bought from the comfort of home.

This can be an excellent source of passive income. While buying FD, ask the bank to pay the interest monthly. Read more about how to value a fixed deposits.

9. Shop at Cashback Websites: Best Passive Income Ideas

This is not one of the passive income ideas that is going to earn you a lot of extra income, but it’s an easy way to earn a little money back while shopping how you normally would online.

Cashback websites like Ebates give you a percentage back of every purchase you make when you shop through one of their partner stores. The money you earn is passive because you aren’t doing any extra work to shop like you normally would.

Here are some examples of stores and the percentage of your purchase you can earn back:

Gap 8%
Kohl’s 3%
Macy’s 6%
Amazon 5%
Walgreens 6%

Those are just a few, and these stores and the cashback amount changes from time to time. There are even stores who offer in-store cashback or a dollar amount back on certain purchases.

10. Royalty Income

People write ebooks and publish it on Amazon. Earlier, writing and publishing a book used to be a big task. But in this internet age, online publishing has made it easy.

If you have a concept on which you can write about 10,000 words, I strongly suggest you to put those words in form of an ebook. Upon sale of every ebook the writer gets paid the royalty.

11. Online Income

One straight way of online income generation is by building an “online real estate property”. This property can then earn ‘advertisement’ income (like rent).

What is an online real estate property? Example: Website or a blog. I’m a blogger who earns online income.

12. Paid Subscription: Best Passive Income Ideas

Become an expert on a topic, and start a paid subscription service. People can subscribe for your services/advice by making payment.

Example: Rakesh Jhunjhunwala is an expert of stock market. Suppose he starts a paid subscription service, wherein he will publish names of couple of stock each month for investing.

What do you think, how many people will subscribe to this service? Tens and thousands if not less. Read more about how to do stocks analysis.

What you have seen above are 6 forms of passive income and their potential sources. But knowing only this is not enough. I feel, people must go deeper into the concept of passive income.

13. Pay Off Your Debt

I know this doesn’t sound like the rest of the passive income ideas on this list, but the truth is that your debt is costing you money. With student loans, credit card debt, and/or a mortgage, you may be spending thousands of dollars a month on your debt.

But the part that’s really costing you is the interest, and the longer you have your debt, the more you pay in interest.

Wiping out your debt relieves some financial stress and can feel like you are earning a raise.

You then have more money to put towards other things on this list, like purchasing rental properties or dividend earning stocks. Now, I know that debt is something that many people have, and I know that it is something that is very difficult to get out of.

And, debt can be useful – you can use it to buy a house or get through college. But, that doesn’t mean you have to live with debt forever.

Focusing on paying off high interest rate debt first, like credit cards, is one of the best ways to start. After you eliminate that debt, you’ll have more to put towards paying off other types of debt.

Related: Top Earning Blogs – Make Money Online Blogging

What is Passive Income? Is it possible for the average person?

To start off, we should probably answer the question “What is passive income?” Passive income is when you are able to make an income that doesn’t require a ton of work to maintain.

You, of course, need to do something in the beginning to start earning the income. That work can be either a time or financial investment. But, after most of the leg work is done, income continually comes in without much effort from you.

There might be a little maintenance here and there after you set it up, but overall the passive income stream should continue to operate on its own.

What Passive Income is not

a) Your job

Obviously. The whole idea of passive income is to supplement, augment or get you out of your job so you can retire, travel or spend more time with loved ones.

b) Side hustles

Side hustles are great ways to make money, but not all side hustles are passive. Side hustles are usually active, and maybe with systemization, they can turn into passive income streams.

If you need to continually invest the same (or more) amount of time for the same amount of financial output, the venture is not passive. Be careful here, because remember, in the beginning, a passive income stream could require more time, money or work than it produces.

You have to evaluate the passive income opportunity on its long term state for you.

c) Consulting

Consulting is just another job – perfect for a side hustle, but not exactly passive. For consulting to be passive, you’ll need to build the practice with other people, and be able to step away from the work eventually.

d) Investing for speculation

Here’s where I split hairs. I do not consider stock investments for capital appreciation only to be passive income. Why?

Because stock appreciation is not income. On the other hand, investing in stable companies that throw off cash in the form of dividends is definitely a passive income strategy.

The difference is, are you getting a cash on cash return, or will you only see return if you sell the investment? Also, investments like cryptocurrencies and commodities are reserved for price speculation.

There are many times where these investments should get some allocation of your portfolio, but investing like this is not a stable passive income strategy.

Build Your Own Passive Income Source: Best Passive Income Ideas

Best Passive Income Ideas That Will Let You Enjoy Life More. passive income ideas with little money. Earn Money Passively

People who are really rich, are all thinkers in their own ways. How?

Everyone can generate passive income, but the ways of doing it can differ from person to person. My way of passive income generation may not suit you and vice versa.

So what is essential to become rich is to find your own comfortable way of passive income generation. How to find one? Think, think and think. Dive deeper into your mind, the answer is hidden there.

What is the quick tip? Passive income comes from buying particular types of asset. One’s knowledge of these assets can help in fast growth of passive income (from zero to billions).

Deeper will be the knowledge faster will be the growth rate.

How To Start? Best Passive Income Ideas That Will Let You Enjoy Life More

Best Passive Income Ideas That Will Let You Enjoy Life More. passive business income ideas Earn Passive Income

Start by asking this question to yourself, “what is the alternative to my salary income“? What happens if I loose my job? How to run the family? Money will come from where?

These questions creates stress. And there are no easy answers. Why? Because only financially independent people can answer these question.

If I will have to guess, I will say that less than 1% people in this world are financially independent. Hence it means, 99% people will not be able to answer these question.

So what we can do? Start with this – “seek deeper understanding of the concept of financial independence“.

What Is Financial Independence?

It is that stage of life where you are no more dependent on your job to manage your needs of life. Your passive income generates enough cash, which in turn will take care of your daily expenses. You are free.

Why People Do Not Attain Financial Independence?

If financial independence is all about generating an alternative source of income (like passive income), why there are only so few financially independent people?

Because they cannot get themselves out of the clutches of their job. Most of the people have zero passive income. Means, they are completely dependent on their job for income.

Even if they start building an alternative source today, it will take 20-25 years to become a ‘job replacer’. It means, anyways they will have to continue doing job for next 20-25 years.

This realization makes the tough goal of financial independence more difficult. So what is the solution? Take a baby step. What is the baby step? Change the type of your “income dependency”.

Job Dependency To Passion Dependency

Best Passive Income Ideas That Will Let You Enjoy Life More. smart passive income ideas, online passive income ideas Learn How to earn money online

Frankly speaking, attaining financial independence by being in job has low success probability. So if you are serious about financial independence, think about the ways to leave your job.

What is the best alternative of job? Identify your passion, and convert this passion into a money making machine. Once you are out of the clutches of your job, financial independence will start looking more real.

But you might ask that, why I am talking about financial independence. People who are reading this article wants to know about earning income passively (not financial independence).

Generating few penny’s here and there in the name of passive income will not help to improve the quality of life. But building a passive income source with the overall objective of “financial independence” has powers to transform lives for good.

Give it a try, you will be a changed person.

Why ‘Passion Dependency’ Is Better Than ‘Job Dependency’?

Best Passive Income Ideas That Will Let You Enjoy Life More. passive income ideas for students Passive Income

This infographic will help you understand the difference between doing a job and following a passion. Suppose your income is say Rs.100. While in job, to generate these $100, you have to do 100% effort (say).

Now suppose, you have a passion which can also generate an income of say $100. To generate these $100, you have put 100% effort. But it will not feel like 100%, it will feel lesser (say 20%). Why?

Because you are doing a work which you love.

What is the point? When we love our work, no matter how much effort we put-in, we will never feel the burden. It is almost like generating income by doing nothing. This is what is passive income, right?

This is why the transition from ‘doing a job’ and ‘doing a thing we love’ is the first essential step towards financial independence. The person is getting-used-to generating “more income by doing less work“.

Which Is The Next Step of Passion Dependency?

Earning That Will Let You Enjoy Life More.

The next and final step is financial independence. In this step the person has enough passive income yielding from assets. This income is so much that he/she requires neither to work for job nor for passion.

A person can be called truly rich if he/she has reached this final stage.

With this frame of mind, let’s try to answer a very basic question. It will further unlock our hidden inhibitions about financial independence.

What Is Passive Income? Best Passive Income Ideas

Income generated by applying “negligible” effort.

Income generated by not getting actively involved in any work/job, is termed as passive income. Few ideas of passive income that we have also discuss in this article are as below:

I am sure the above list of ideas are not new to you. Internet is full of online contents, which can boast of even bigger list. But the bigger issue is, “how to use the list?”

I will tell you how I read this list. The way one reads this list will make a lot of difference. Out of the list of all passive income ideas in internet, segregate them into two parts:

Part 1 (Passion).
Part 2 (Assets).

For me, my segregation between “passion” and “asset” is like this:

I earn money from my passion.
Use a part of this income to buy assets.
Assets in turn generate passive income.

One day the income generated from the accumulated assets will become big enough to ensure financial independence.

Income from assets: It is the income from assets that is the real passive income. To earn passively is very “asset intensive”. What it means by asset intensive? One must have an investment portfolio full of quality assets. What are quality assets? High and consistent income yielding assets. The more are the “quality assets” in portfolio, the better. To accumulate more quality assets, it takes time. Hence achievement of financial independence if difficult.

Asset Building Needs A Different Frame of Mind…

I have written a separate blog post on how to build assets from little money. I will request you to read this blog post as well. It helps the cause of financial independence.

It is said that Warren Buffett earns billions of dollars in dividends alone. Sounds amazing, right? Some will say that how easy is the life of Warren Buffett because he earn those billion dollars as passive income.

But some will also appreciate the other side of the story. How Warren Buffett accumulated those stocks, which today are earning him billions?

Let me tell you, asset accumulation is not easy. Not that locating an asset, or purchase of asset is difficult. The problem lies in our head. Yes. Our psychology is not trained well to handle passive income flow. Why?

Because passive income drips only slowly.

We have a habit of handling money in a lump-sum. Example: How we earn money?

Salary gets dumped into our savings account on a specific day.
When we sell investment, lump sum amount gets unloaded in our bank account.
At the end of the year, company pay us bonus. This also comes in heaps. 🙂

You can see the point? Our mind is trained to handle money in bulk. But passive income drips only slowly. It is much harder for us to manage passive income than we can imagine. Let me make you aware of another aspect of passive.

You have two investment alternative available in front of you:

Stocks : Which yields 15% p.a., but holding time is 5 years.
Bank Deposit: Which yields 7% p.a. every month.

You are more likely to choose which alternative? Majority picks stocks. Why? Because focus is more on returns than on income generation.

But when it comes to passive income, focus cannot be only on returns. Here the priority must be on “stability of income”. This is where the problem is, “income” based investment options yield low returns.

Hence people choose to skip-it, thinking that they are a bad option. But this thought process is not correct.

What is the point?

Investment options which cater to monthly income generation are different.

People who invest in growth stocks, gold, art, futures & options etc cannot expect these investment options to generate stable monthly income.

If one wants to earn passively, only certain types of assets can be accumulated.

But I personally think that, even if one knows about those investment options which are suitable for passive income generation, they will still not like it. Why?

Because people who like earning passively, think psychologically differently.

Who Likes Passive Income? Best Passive Income Ideas

Passive income lovers are those people who believes in financial independence. These are people who seek early retirement from their jobs.

But before adopting passive income ideas, two points of caution:

It is not like a lottery.
This will not bring a tsunami of money in your life.

Instead, earning passively will begin like a light drizzle. This slow, pleasant drizzling will continue till eternity. Unless you cut the source, passive income drizzling will not stop.

If you want more drizzles, increase the number of source-points. To really like this type of income, it is necessary to understand this aspect of it very well.

How To Start Earning Passive Income?

Start by giving oneself a target. The target can be like this: “Generate your first passive income of $100 in next 30 days”.

Yes, I am talking about $10 Is it too small? But this first Rs.1 of passive income will teach you a lot about financial independence.

Generating even $10 passively (consistently) is not easy. So even if the start is slow, do not get somber. Give yourself the breathing space.

Focus should be on the following:

Identifying quality asset: Not all assets are good investment.
Buying them at undervalued price: Buying assets at any available price is not good.
Keep accumulating such assets all life: Target should be, “to only buy and never sell”.

This should be the mind-set during the starting phase. Once this is set, you will be on the course to financial independence.

How Can I Make $1,000 a Month Passive Income?

The examples of passive income on the list above can help you make $1,000 a month in passive income. You may choose one, a few, or even all of them and earn passive income.

It all depends on what interests you. There are beginner passive income ideas, and more advanced ideas above too.

How Can I Make Passive Income With No Money?

Many of the passive income ideas above could be started even if you have no money. This may include:

Blogging
Write a book
Affiliate marketing
Create an online course
Earn credit card rewards
High yield savings accounts
Rent out a room in your home

And more!

Is It Difficult to Earn Passive Income? Which is the Easiest Streams ?

As you probably noticed in each of these passive income ideas, starting a passive income stream is not always going to be the easiest.

Being able to earn passive income will most likely include a lot of legwork that needs to be done in the very beginning.

Some of these passive income ideas take time, some take money, and some of them are easier than others. If they were all easy, then everyone would be doing all of them!

Passive income through any of the passive income ideas above may require hard work but it is attainable.

Earning passive income is definitely not a way to get rich quick. In order to build your passive income stream, you may have to sacrifice sleep, work multiple jobs, and more.

Passive income streams usually requires a lot of hard work in the beginning, but then simple maintenance afterwards. If you want it badly enough, though, earning passive income can be well worth it.

If you do it right, you may be able to earn an income well into the future so that you can focus more on doing what you love and less on what you’re doing to earn an income. Best Passive Income Ideas That Will Let You Enjoy Life More

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What is Passive Income?

Related Post: How to Make Money Fast Online and Offline

The Definitive Guide On Making More Money

Who Are Poor People?

Related: Top 23 Online Business Ideas That Make Money Today

Who Are Rich People?

Related Post: Ways To Make Money From Website: 20 Passive Ones

Related Post: Best Ways To Earn Passive Income Online – 20 Options

We Will Discuss:

Why should I have more than one Source of Income?

Related Post: How To Turn Blog Into Business – Make Money Blogging

What are the positives of learning How To Make Passive Income?

What Are The Best Passive Income Ideas? How can I generate Passive Income?

Related Post: Easy Ways To Make Money Online For Beginners

List of Best Passive Income Ideas That Will Let You Enjoy Life More

1. Affiliate Marketing.

Related Post: How to Make Money Blogging ($100k+ in Year One)

But What is Affiliate Marketing?

Related Post: Ways To Make Money From Website: 20 Passive Ones

You can share an affiliate link with your audience in many different ways, such as:

2. High Yield Accounts: Best Passive Income Ideas

Related Post: Easy Steps To Make Money With Affiliate Marketing

Savings accounts at brick and mortar banks are known for having really low interest rates.

3. Blogging: Best Passive Income Ideas That Will Let You Enjoy Life More

4. Rental Income – Rental Real Estate: Best Passive Income Ideas

I don’t have rental real estate, but this is one of the passive income ideas that we have been thinking about lately.

5. Rent out a Room in Your Home: Best Passive Income Ideas

Related Post: Make Money While Sleeping – With Affiliate Marketing

6. Dividends From Your Investment Portfolio

7. Start an Online Store: Best Passive Income Ideas

8. Interest Income

9. Shop at Cashback Websites: Best Passive Income Ideas

Here are some examples of stores and the percentage of your purchase you can earn back:

10. Royalty Income

11. Online Income

12. Paid Subscription: Best Passive Income Ideas

13. Pay Off Your Debt

Wiping out your debt relieves some financial stress and can feel like you are earning a raise.

Related: Top Earning Blogs – Make Money Online Blogging

What is Passive Income? Is it possible for the average person?

What Passive Income is not

a) Your job

b) Side hustles

c) Consulting

d) Investing for speculation

Build Your Own Passive Income Source: Best Passive Income Ideas

How To Start? Best Passive Income Ideas That Will Let You Enjoy Life More

What Is Financial Independence?

Why People Do Not Attain Financial Independence?

Job Dependency To Passion Dependency

Why ‘Passion Dependency’ Is Better Than ‘Job Dependency’?

Which Is The Next Step of Passion Dependency?

What Is Passive Income? Best Passive Income Ideas

Part 1 (Passion).

Part 2 (Assets).

Asset Building Needs A Different Frame of Mind…

Because passive income drips only slowly.

Stocks : Which yields 15% p.a., but holding time is 5 years.

Bank Deposit: Which yields 7% p.a. every month.

Who Likes Passive Income? Best Passive Income Ideas

How To Start Earning Passive Income?

How Can I Make $1,000 a Month Passive Income?

How Can I Make Passive Income With No Money?

Is It Difficult to Earn Passive Income? Which is the Easiest Streams ?

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