Carpon
Valued Contributor
Passive income is indeed very good and anyone who wants to attain a level of financial stability should be able to improvise ways to begin earning passively. Passive income can be gotten from a number of sources and investments and below is an outline of such ways through which a person can begin passive earning.
✓ Buying long term shares
✓ Getting a roommate
✓ Renting your room
✓ Investing in stock market
✓ Investing in a business
✓ Renting your car or automobile
✓ Managing a business
These are some few ways that passive income can be generated.
Getting a roommate is a kind of passive income source most ideal for students who pay rent. Such a room mate can be able to cover up for some mortgages and also helps you in paying rent. You may pay $ 50 as rent but when you have a roommate, he or she will pay you part of the rent and you have more to spend and such was earned passively.
✓ Buying long term shares
✓ Getting a roommate
✓ Renting your room
✓ Investing in stock market
✓ Investing in a business
✓ Renting your car or automobile
✓ Managing a business
These are some few ways that passive income can be generated.
Getting a roommate is a kind of passive income source most ideal for students who pay rent. Such a room mate can be able to cover up for some mortgages and also helps you in paying rent. You may pay $ 50 as rent but when you have a roommate, he or she will pay you part of the rent and you have more to spend and such was earned passively.