Passive income is all about money making money 24/7. You know the famous make money while you sleep idea.
First, you can start investing. Purchase and forget it. Then make money when you sell the stock down the road through capital gains.
When the bonds mature, you can reinvest the returned principal in new bonds and start a new ladder or continue adding on to your current one.
You can earn passive income with interest when you loan money to someone else.
Income From Interest
Real estate investing with REITs is like buying and selling stocks on major stock exchanges. These funds include commercial real estate, movie theatres, apartments, office buildings, and more.
Invest in real estate without buying property through crowdfunding real estate platforms. These platforms connect investors to real estate investment properties.
Renting out your parking space in crowded cities where parking is precious can earn you a few hundred extra dollars a month.
Earning passive income from royalties is more popular than you might think. It’s the money you earn as people pay you for a percentage of the sales of your intellectual property.