How to make a passive income while you carry on a trouble-free life. This is not just probable it is really easy to do with a few directions
Estimated reading time: 6 minutes
Table of contents
What is a passive income?
Passive income is a form of income where an individual earns money through a source that requires little to no active involvement or effort. It is typically generated by investment assets such as rental properties, dividend stocks, or interest-bearing accounts. In some cases, passive income can also be generated by creating a product or service once and earning money from it repeatedly over time, such as through e-book sales, rental of real estate properties, or the sale of an online course. The idea behind passive income is to generate revenue that is not directly tied to the amount of time and effort put into it, allowing individuals to earn money even while they are not actively working.
How to make a Passive Income at home
There are several ways to create a passive income stream from home:
- Invest in dividend-paying stocks or mutual funds: Investing in stocks that pay dividends can provide a regular source of income without requiring much active involvement.
- Create an online course or e-book: If you have expertise in a particular subject, you can create an online course or e-book and sell it on platforms like Udemy or Amazon.
- Invest in real estate: You can purchase rental properties and collect monthly rent payments as a passive income stream. You can also invest in real estate investment trusts (REITs) that own and manage income-generating properties.
- Monetize a blog or YouTube channel: If you have a blog or YouTube channel with a large following, you can monetize it through advertising, sponsorships, or affiliate marketing.
- Set up an online service where the work is done for you
It's important to keep in mind that creating a passive income stream takes time and effort upfront, and there are no guarantees of financial success.
Income dividends vary with exposure
Many investment activities have a very predictable income return but they remain fairly safe. For Instance, Real Estate will double every 7-10 years and The Stock Market will outperform this by about 5%.
However, the Crypto market is far more volatile and has a longer return cycle.
Certainly, large returns can be made at certain times but these are usually found in trading not investing.
Passive income does not mean set and forget
Passive income can be a “set and forget” process in some cases, but it generally requires ongoing maintenance and management. For example, if you invest in rental properties, you will need to find tenants, collect rent, and handle any repairs or maintenance that may be necessary. If you create an online course or e-book, you may need to continually promote it and update its content to keep it relevant.
It's also important to be aware that passive income streams are not immune to market changes or economic downturns. For example, if you invest in dividend-paying stocks, your income could be impacted if the company experiences financial difficulties and reduces or eliminates its dividend payments.
While passive income can be a great way to generate additional income, it's important to approach it with a long-term mindset and be prepared for some level of ongoing effort and management.
Large investment small return v small investment and large return
If you have a bundle of cash laying around try for the safest investment with the highest return based on Historical data.
History does have a way of telling the future.
However, for those of us on the struggle street, there must be a better way.
When I looked for an online income that was principally done for me and had big returns I had a checklist.
The first was history. I had to find someone that had been there and done it over a long period of time.
With investing you can either throw money or time and I wanted a balance of both.
My returns had to be backed by some sort of reason.
I planned for a return that I wanted and then found a solution.
I found the best way to make a Passive income
Having been around the internet for a few years I wanted a surefire method to return some funds on a regular basis and this program by a Scottish guy really fulfilled the bill.
20 years in the game and a top seller on Warrior Forum and JV Zoo with very low returns Michael ticked a lot of boxes.
They build your funnel, find your traffic and share the rewards so that you will get returns. Nothing comes for free these days but this is a small investment, with very low risk and a return that you would like.
With all internet marketing, there are three ways to get returns.
One is you use all the free resources and rely on SEO
The next is to buy traffic and speed up the results
The last is to combine both to gain a great balance
You make choices based on needs
Yes. you can sit back and watch it all happen or have a say in what you want to roll out. However, you have no stock to sell, debtors to bill or capital investment.
I have found nothing that matches this.
It does not matter if you are young or old. In what country or do your daily business activities involve time?
I run a small business, blog daily and still have time for passive income. You can too.
Conclusion
It is not often that chances like this are given to you.
However, there are limitations to entry so time is important.
It is so good the people behind the $ 10,000-a-month Accelerator want to keep it secret. They will want you to sign an NDA (non-disclosure) before giving you details. This stops those wanting to copy such a great idea that is really new.
For this reason, they may stop it at any time. Therefore if you see a SOLD OUT sign I apologise but you are too late.
My only recommendation is to try it. There is nothing to lose but plenty to gain.
