By emma hynes
Imagine waking up to find money in your account, and you didn’t have to lift a finger. That’s the magic of passive income.
In this guide, we’ll break down realistic and accessible passive income ideas to help you get started, no finance degree required.
Invest in companies that pay regular dividends. With the right portfolio, you can earn quarterly payments without doing a thing – just let your money work for you.
While not flashy, parking your money in a high-yield savings account or certificate of deposit (CD) can earn you passive interest with virtually no risk.
Owning real estate and renting it out provides monthly income, especially in high-demand areas. Consider using a property management company to make it truly hands-off.
Want to invest without the work of owning property? REITs let you invest in real estate portfolios and earn dividends, with no maintenance or tenants required.
E-books, online courses, templates and digital art can be sold repeatedly on platforms like Etsy, Gumroad or Teachable, earning you money long after the work is done.
If you have a blog, social media following or YouTube channel, you can earn commissions by promoting products or services through special affiliate links.
Use platforms like Fundrise or Mainvest to invest in startups or small businesses. Returns vary, but your money can grow while you focus on other things.
Design t-shirts, mugs and merch that are printed and shipped by third-party services like Printful or TeeSpring. You create once and get paid over time.