35 Easy Ways to Generate Passive Income in 2020

Easy Ways to Generate Passive Income

Earning passive income provides the opportunity to do just that. Today’s profitable passive income ideas will help you brainstorm your next money-making venture. If you’re looking to make money in your sleep then we have the ultimate list for you.

1. Alternative Assets

Alternative assets are much talked about these days. The volatility of the markets and extremely low-interest rates for the foreseeable future have many people looking for alternate options. We recently discovered another unique alternative investment, usually only available to the wealthiest of the wealthy: luxury watches.

2. Passive Real Estate Investing

However, many companies give you the ability to invest in commercial and residential real estate projects without actually doing the heavy lifting yourself. It’s often better having your very own real estate agent or other real estate professional picking the properties.

3. Invest in Dividend Stocks

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. Investors who love dividend-paying stocks will talk about their investment is generating dividend income and appreciating.

4. Open a High-Interest Savings Account

If you are afraid of investing, there’s a chance you have a decent chunk of change saved in a checking or savings account. Saving money is always a good thing. Sadly, brick and mortar banks barely pay any money in interest.

5. Long-Term Index Fund Investing

An index fund is a mutual fund that owns a wide assortment of assets. Some index funds are fairly focused. Other index funds are broad (e.g., a total market index fund might own every single stock on the stock market).

6. Become an “Angel”

Angel investing is a high-risk, high-reward proposition. It gets its name because it answers the question, “Who would invest in a startup company with no track record, no customer base, and no surefire path to revenue growth?” Answer: only an angel.

Swipe Up to Learn More Best Ways to Generate Passive Income

For More Posts Like This Visit

Money Saved Is Money Earned!