![]() ![]() ![]() Some of the more popular offerings are hedge funds, private equity, crowdfunded real estate investments, and commodities like wine or geeky collectibles. There are many types of alternative investments. The volatility of the markets and extremely low interest rates for the foreseeable future have many people looking for alternate options. Alternative assetsĪlternative assets, or alternative investments, are much talked about these days. These are some of the easiest passive income ideas that you could implement. These first ideas-which we call "truly" passive-require a one-time investment upfront and zero future effort. Passive income means you want to start valuing your time and your money. Some of these next passive income ideas will get you ready to invest in your future. Stop letting your money stagnate in a bank account and lose its spending power. We'll get to how that works shortly.įor now, let's talk about a few passive income strategies. If you already have an asset that you are not fully utilizing, that can serve as your investment. The good news is that you don't need a pile of cash to start your passive income stream. Unless you are receiving money the old-fashioned way (inheriting it), there's no such thing as a free lunch. Since you're not committing time to earn this passive income, you'll need to commit another resource (e.g., money). But that completely negates the idea of "passive" income.ĭo you want to make passive income? You will need to invest in an asset that produces passive income for you. Most income sources require you to put in a LOT of work. Since you're already busy with your everyday life, you want to find passive income that truly works while you sleep, or play, or socialize, or whatever you want to be doing with your time. A second job, for example, isn't passive. The problem is that most supposed passive income ideas that you'll find are not passive at all. Those who achieve financial independence will tell you that passive income streams are the key to success. ![]() As long as it requires little passive activity, it could be a decent passive income stream. But today, we will consider many popular passive income ideas that will earn you money, whether you want to pay off a student loan, dig out of credit card debt, or put together a retirement plan. The best passive income takes the least effort. We can compare it against active income, where your effort is 100% correlated to your income. It's a "work smarter, not harder" situation. Passive income typically enables your money to work for you. Passive income is defined as income that requires minimal effort-or perhaps even zero effort-to earn. Today's profitable passive income ideas will help you brainstorm your next money-making venture. Earning and finding ways to create passive income provides the opportunity to do just that. ![]()
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