raaman
Valued Contributor
5 ways to earn a Passive income.
Passive income is a good way to make money while you rest. It refers to the income that is earned with little to no effort on your part.
Here are five common methods of earning passive income:
1. Investing in stocks and shares: There are stocks that pay regular dividends to its shareholders. If you invest in stocks, you can earn a fixed stream of income without having to do any work.
2. Rent out your property: If you own any property, you can rent it out to people in need of it. This can earn you a substantial amount of passive income, especially if you have several properties.
3. Investing in rental properties: You can also invest your money in rental properties and become an owner. It can be a big source of passive income, but it does require some work to manage the properties.
4. Creating digital products: If you have an expertise or skill, you can create digital products such as courses, eBooks, or software and sell them online. Once the products are made, you can earn money from them for many years.
5. Creating and selling physical products: If you are imaginative and like making things, you can make and sell physical products.
Passive income is a good way to make money while you rest. It refers to the income that is earned with little to no effort on your part.
Here are five common methods of earning passive income:
1. Investing in stocks and shares: There are stocks that pay regular dividends to its shareholders. If you invest in stocks, you can earn a fixed stream of income without having to do any work.
2. Rent out your property: If you own any property, you can rent it out to people in need of it. This can earn you a substantial amount of passive income, especially if you have several properties.
3. Investing in rental properties: You can also invest your money in rental properties and become an owner. It can be a big source of passive income, but it does require some work to manage the properties.
4. Creating digital products: If you have an expertise or skill, you can create digital products such as courses, eBooks, or software and sell them online. Once the products are made, you can earn money from them for many years.
5. Creating and selling physical products: If you are imaginative and like making things, you can make and sell physical products.
