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6. Peer-to-peer lending. Another way to earn passive income is with peer-to-peer lending.With this investment, you lend money to businesses or individuals through online platforms.
Peer-to-peer lending platforms offer an innovative way to earn passive income. Mendenhall said these platforms “provide lower-risk avenues for earning interest on your money with minimal effort.”
But with a little research, you can decide which option is the best fit for you. This article originally appeared on GOBankingRates.com: 18 Best Passive Income Investments To Build Your Wealth In 2023
High-interest savings accounts, investing in business, P2P lending, and rental properties are some ways to generate passive income. Benefits of passive income include extra money with less effort ...
The way you invest your money will change depending on your income. As your wealth increases , the way that you invest will gradually change. There’s a different investment style for every ...
8. Build up a passive business. Yes, even with $1,000 you may be able to get started with a passive business, especially if you put in a lot of the “sweat equity” (i.e., labor) to get it running.
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