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9. Set up an annuity. An annuity can be a good place to set up reliable income. With a typical annuity, you make payments to an insurance company, which will provide you with a stream of income in ...
Self-Publish an eBook. Amazon has made it easy to publish books and sell them on its platform. So if you’ve got something worth saying in book form, get it written and get it published.
Passive income requires diversity: In order to earn enough passive income to quit your job and cover all your expenses, you would most likely need more than one source of income. Although you may ...
Read Next: I Made $10,000 Using One of Dave Ramsey’s Best Passive Income Ideas. In a recent YouTube video, financial influencer Vincent Chan discussed some of these passive income streams. Here ...
Peer-to-Peer Lending. 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 ...
Learn More: I Made $10,000 Using One of Dave Ramsey’s Best Passive Income Ideas Reinvest Rental Property Returns If you go the rental property route — even if it’s long-term — reinvest the ...
Also see how to earn passive income by simply moving money. Buy a Rental Property. If you’re debt-free and have enough cash on hand, buying a rental property is a great way to derive passive income.
Sources of Passive Income. In most passive income streams, some work and a financial investment will be required up front, but some take very little active work. Here are some tips for earning ...