35 Easy Passive Income Ideas for 2021
Passive income is defined as income that requires minimal effort to earn. For example, if you invest some money and your investment increases in value, that's passive income.
8 Truly Passive Income Idea
1. Alternative Asset
Alternative assets, or alternative investments, are often headline news. Because traditional investments like stocks and real estate sometimes involve a lot of market volatility, and savings accounts only offer low interest rates, people are looking for other options.
2. Passive Real Estate Investing
Talk to any landlord, and they'll tell you that “passive” is the last word they'd ever use to describe apartment management. However, many companies give you the ability to invest in commercial and residential real estate projects without being involved in the day-to-day management.
3. Earn Passive Income with Lending Club
If you're looking for another way to earn passive income, you may want to consider Lending Club's peer-to-peer lending platform. Lending Club allows passive investors to diversify their assets by investing in different types of loans.
4. Invest in Dividend Stock
Dividends are profits paid out to owners of stocks. Some companies pay dividends regularly, which means that dividends can become a dependable source of income if you amass a significant number of shares over time.
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