Traditional 9 to 5 jobs are increasingly being considered hectic and a lot more unpopular than they were before. And let’s face it, corporate slavery isn’t for everyone and we all try to find ways to passively make money while we sleep or do whatever there is in life to do. Self-help books and entrepreneurship blogs have written a lot on this very subject.
The basic idea of a passive income is where you get rewarded monetarily multiple times and perpetually for work or investment that you did once. The idea in itself is very tempting and here are a few ways one can do just that, investing in any of these will result in income or capital gains over the next few years and beyond.
Investing in Real Estate
Real estate can be a very good way of making money while you sleep. Problems include the unstable property market throughout the world.
You can rent real estate property and earn monthly income as well as can sell it when property price gets high which turns into double benefits of investing in Real Estate.
Dividend income is that money that is paid to shareholders like you of stocks as cash. Stocks that actually pay dividends are very popular for those wanting a passive income, as they will get the money almost 4 times a year. Warren Buffet is a fan of investing in dividend-paying stocks.
You can make a Demate account easily on Zerodha. It is an online platform to invest in stocks, derivatives, mutual funds, and more…
Zerodha applied a flat fee of Rs 20 for every trade, irrespective of its size with no brokerage fee, which was deemed as quite disruptive by experts at that time in the market. Compared to that, other brokerages used to typically charge a percentage of the traded amount.
Don’t have time to do analysis to invest in Sharemarket??
Then mutual funds are there for you!
Investing Money in Mutual funds is a lot easier then you think! The dedicated team is managing your money to make sure you get profit without worrying about where to invest and which stocks/company will perform good in the future.
Groww is the Best Platform if you are new to Mutual Funds. It is an online wealth management platform that allows users to buy and invest in direct mutual funds from asset management companies.
Investing in direct mutual funds on Groww is completely free. And it is also completely safe.
Groww makes Investment Easy, Fast and Transparent
Rent space in Your House
You probably have an extra room that you don’t use! You can rent it out for a short-term basis on sites such as Airbnb or OYO.
It Provides Regular Income sources while doing Practically nothing at all!
Writing a Book
After actually creating the book, selling books is an easy way to earn income. It should be a goal to have your book available on a site like Amazon, and you will probably get a check monthly.
Check the below link to get inspiration for writing books in your favorite category.
Create an Online Store
With the rise of e-commerce, online store business promises lucrative returns and has become popular. The basics are very simple; create an online store that will offer certain products from the basic manufacturers.
There are plenty of options available to make an online store, Shopify is a good platform to make an online store.
You can check our post on How to Make a Stunning website without any Coding. where we have explained all different platforms you can use to make an online store and start earning money as Passive Income.
Creating YouTube Videos
Making money on YouTube is simpler than what most people imagine. Each time someone watches one of your videos, ads that can appear earn you Money.
It can take time, but once your videos are there is a lot of potentials to make good money.
Check out this Video of Robert Kiyosaki (author of Rich Dad Poor Dad-the #1 personal finance book ) talking about how Debt can Generate Income.
Let us know your thoughts on passive income and your Ideas to make Money Easily!