Johnson2468
Valued Contributor
Property for Investment.
A tried and true strategy to benefit from passive income as well as capital growth is to invest in residential or commercial property for investment purposes. For you to secure reliable rental revenue for the foreseeable future, the property's location and condition are crucial.
Rent out a room.
Do you have a spare room that isn't being used but that you don't want to rent out or share with a roommate full-time? If you put some effort into making it attractive and practical, you might be able to rent it out through Airbnb or other businesses; this is quickly emerging as a viable option for short-term city dwellers, alongside tiny guesthouses and hotels.
Start a blog.
Do you have a subject that you are knowledgable and enthusiastic about? Are others interested in your way of life? You might discover that there is a sizable audience out there that is intrigued. You should be able to monetise the blog by selling ad space as you grow your readership and traffic.
A tried and true strategy to benefit from passive income as well as capital growth is to invest in residential or commercial property for investment purposes. For you to secure reliable rental revenue for the foreseeable future, the property's location and condition are crucial.
Rent out a room.
Do you have a spare room that isn't being used but that you don't want to rent out or share with a roommate full-time? If you put some effort into making it attractive and practical, you might be able to rent it out through Airbnb or other businesses; this is quickly emerging as a viable option for short-term city dwellers, alongside tiny guesthouses and hotels.
Start a blog.
Do you have a subject that you are knowledgable and enthusiastic about? Are others interested in your way of life? You might discover that there is a sizable audience out there that is intrigued. You should be able to monetise the blog by selling ad space as you grow your readership and traffic.
