What is passive income? 7 Passive income ideas

Do you want to quit your 9 to 5 job in your lifetime?

Then you must read this article.

7 minutes read

The definition of passive income

The easiest way to explain passive income is to make money while asleep or not actively involved.

Q:What do you mean? Can I do nothing but still earning money?

A: Yes and No. Actually is to do your work once, and it will help you to generate extra cash flow. What work? I will explain later.

But before we dig into it, there are some examples of why Billionaires love to create their passive income.

For Example, why does your boss paying you? Because you are helping them creating value for their company, and that value generates extra cash flows. So once the company can automatically run it itself, the company owner does not have to work all the time. They buy your time to help them to create their passive income.

Passive income ideas for individuals.

1.Affiliate marketing (highly recommend it!)

  • Difficulty or Risk:⭐️⭐️
  • Time of the result: ⭐️⭐️⭐️⭐️
  • Result($):⭐️⭐️⭐️⭐️
  • Effort:⭐️⭐️⭐️
  • Cost:⭐️

2.Create an online course (If you are familiar with a field, recommend it!)

  • Difficulty or Risk:⭐️⭐️
  • Time of the result: ⭐️⭐️⭐️
  • Result($):⭐️⭐️⭐️⭐️⭐️ (Six-figure USD/year)
  • Effort:⭐️⭐️⭐️⭐️⭐️
  • Cost:⭐️

3.Make a website or Youtube channel (like me)

  • Difficulty or Risk:⭐️
  • Time of the result:⭐️⭐️
  • Result($):⭐️ ~⭐️⭐️⭐️⭐️⭐️(depend on traffic)
  • Effort:⭐️⭐️⭐️⭐️
  • Cost:⭐️

4.Rental income(AIRBNB)

  • Difficulty or Risk:⭐️⭐️⭐️⭐️
  • Time of the result:⭐️⭐️⭐️⭐️(least a year)
  • Result($):⭐️⭐️
  • Effort:⭐️
  • Cost or Invest:⭐️⭐️⭐️⭐️⭐️

5.Crypto De-fi or staking (stable coin, like USDT,BUSD)

  • Difficulty or Risk:⭐️
  • Time of the result:⭐️⭐️⭐️⭐️⭐️(least a year)
  • Result($):⭐️⭐️(5%~15% annual)
  • Effort:⭐️
  • Cost or Invest:⭐️⭐️⭐️(Binance Maximum 5000usd only)

6.Dividend stocks(stable one, ex:ETF)

  • Difficulty or Risk:⭐️⭐️⭐️
  • Time of the result:⭐️⭐️⭐️⭐️⭐️(least a year)
  • Result($): ⭐️
  • Effort:⭐️
  • Cost & Invest:⭐️⭐️⭐️~⭐️⭐️⭐️⭐️⭐️

7.Create an app

  • Difficulty or Risk:⭐️⭐️
  • Time of the result:⭐️⭐️⭐️⭐️
  • Result($): ⭐️~⭐️⭐️⭐️⭐️⭐️
  • Effort:⭐️⭐️⭐️⭐️⭐️
  • Cost:⭐️⭐️

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