Holicent
VIP Contributor
A great way to supplement your income, save for the future, and achieve financial independence is through passive income. It can be difficult to know where to begin if you are unfamiliar with the idea of passive income. For beginners, here are ten ways to start making money today with passive income.
- Real Estate for Rent: Through rental payments and appreciation over time, owning rental properties can generate passive income.
- Investing in Dividends: Shareholders receive regular payments from dividend stocks and funds, providing a steady stream of passive income.
- Lending from Peer to Peer: Investors can lend money to individuals or businesses on platforms like LendingClub and Prosper and earn interest.
- Create a Course Online: A passive income stream can be generated by sharing your expertise on an online course platform like Skillshare or Udemy.
- Invest in Real Estate With Crowdfunding: Investors can purchase shares in real estate properties and earn rental income through crowdfunding platforms like Fundrise and RealtyMogul.
- Make a game or app: Through in-app purchases or app store sales, developing and selling an app or game can result in passive income.
- Affiliate Business: Affiliate links can be used to promote goods or services and bring in passive income from sales commissions.
- Create a channel on YouTube: Passive income can be generated by monetizing your YouTube channel through sponsorships and ad revenue.
- Stocks to Buy and Hold: Through stock price appreciation and dividend payments, investing in stocks and holding them for a long time can generate passive income.
- Royalties: A steady stream of passive income can be provided by generating royalties from creative works like books, music, or patents.