PASSIVE INCOME means
that you are generating money without doing anything. It is not literally you
are doing nothing, you have to do something first, before it provides you an
income passively. Creating a passive income could be very difficult and fun,
some requires your time, some requires investment, and some requires both of
your time and money.
It is difficult
because of our lack of ideas, especially majority of them across the internet
requires investment or money and that is what many of us does not have. even
though there are plenty ways out there and you’ll have to do is type it in
google “ways to earn passively”. Once you hit and read every stuff that can
give your ideas how to earn passively, you need to filter it out and try what
applies to you easily and convenient. Starting or creating is one of the most
difficult part. Plenty of people have been there, and some earn money, and
lesser having it now passively.
INTERNET AS PASSIVE INCOME
Fun, if you love
doing something, sharing it in the internet may be profitable and could become
a passive income. There are people who shared or uploaded their videos in YouTube, some of them earn decent and
even millions depend on how many views, subscribers they had in their post.
Some people love writing, fictional stories, their journal make them earn by
sharing it to the internet. Your current job and skills can be earned as extra
and could be a continuous passive income by sharing it online.
It may make you money
and may not become a passive, the important is you enjoy it and that what
matters.
INVESTMENT AS PASSIVE INCOME
If you have money,
you can participate in stock market. It is one of a great potential to
achieve passive income. Buying selective stocks that gives monthly, quarterly,
or yearly dividends that can be considered as a passive income. If dividend is
not enough for you, try to study and learn how to day trade, which may be not
considered as a passive income for some people.
One thing can become
a potential passive income is buying bonds and investing in mutual fund. Bonds
can be a passive income and with lower potential return compare to stock and
mutual fund, but in a guaranteed and fixed return. Unlike Mutual Fund, it can
maximize your return but could possibly depreciate the value of your investment
depends of the capabilities of your fund Manager. Bonds usually issued by the
government which they can guarantee you to be pay back in a fixed percentage
ranging 3 to 5 percent of your investment.
RENTALS AS PASSIVE INCOME
It is not new to have
a passive income in rentals. From House, apartment, vacant lot, Cars, and other
stuff. But before start letting your stuff or property to be rented, be wise
and try to know more who are those who will rent your stuff. Look for
identification and be sure to check their background.
For real estate like
a house, look someone who will rent your property in long term. In that way,
receiving your passive income flow is continuously. Same thing if you are
happened to have a condominium. If the location of your property is in high tourism
area, convert it to daily rentals like hotels, it could generate more income.
Cars are also in the
top of market for rentals, just a few posts in groups in social media and you
may be able to find clients who wish to have your cars to be rented. I suggest
to have a friend who wish to have a job driving your car, in that way, you are
truly free and created a passive income. If you are planning to buy a car, and
wishes to earn passively in rentals. Review what are most commonly used for
rentals.
If you don’t have
money, nor property or everything above, you are not alone. there are still
plenty of ways earn money passively and free. Expect free income can only let
you earn a few cents and dollar. But it is still money and you will earn it
passively.
In my next Post, i will discuss different passive
income that are free.
Comments