Wouldn’t it be great to pay the rent each month doing nothing at all? These nine passive income ideas will make money every month with little or no work. Some take time to develop while others will make money fast but they all work. I’ve used seven of the nine and one makes me $20,000 a month from a single income source.
I’ve included links below for more detail on each passive idea:
✔️ Earn interest 100-times what the bank pays! Check out BlockFi and get up to $250 free Bitcoin and start earning passive interest income https://mystockmarketbasics.com/blockfi
✔️ Want your money faster? Check out these 7 Side Hustles that will Cash Flow Now! https://youtu.be/nsi1_KeGHpU
✔️ Don't miss these 7 Monthly Dividend Stocks that will Pay Your Rent, yield 9.7% on Your Money! https://youtu.be/Rr4A51xoOZ0
✔️ Real Estate is My Favorite Passive Income Source, get a 60-day trial on Fundrise! https://mystockmarketbasics.com/fundrise
✔️ Learn how I make thousands a month without doing anything, step-by-step affiliate marketing! https://youtu.be/_f9tqBZ_us0
✔️ Want my step-by-step to self-publishing and making money every month? https://youtu.be/ieDTaSUP9SY
✔️ Blogging started it all and still makes money each month, here's how to get started! https://youtu.be/m2Xb71JC7xg
✔️ Interested in a laundromat business? Check out Brandon's videos on the Investment Joy channel! https://youtu.be/wReekAxDqiI
I love dividend investing and a lot of people look to passive income investing to make money. The sad truth is you need to be rich already to make money off your investments. To cover a $2000 per month rent payment, you need more than $250,000 invested and that’s at a high dividend yield.
That’s why I wanted to create this passive income video, to show you strategies anyone can use to make money every month. You may not like every idea but I guarantee there will be at least a few that you can use to make money and will pay your rent.
But not everyone’s rent is the same…that’s why I’m using average rent for each state to highlight the passive income ideas for each. You’ll find ways to make money no matter how much you need. Some make more money but may take a little time to develop. Other ideas will start cash flowing immediately to give you time to develop other residual income ideas.
There’s so much here, I can’t fit it in the description but this is so important. If you don’t find a way to make money while you sleep, you will work until you die! Earning passive income is one of the few paths to financial independence and the sooner you start, the better. Understand that passive income or making money with no work doesn’t mean no effort. Anything that makes money will mean you have to do something to set it up…otherwise everyone would do it. These passive income ideas are the best for creating a stream of income that will pay out every month on as little work as possible.
0:00 Passive Income Ideas to Pay Your Rent Every Month
0:12 Why Dividend Investing is Not Passive Income
1:38 How to Make Passive Income with Your Car
2:54 How to Make More Money on Your Cash
4:09 How I Turned Self-Publishing into $1,500 a Month Passive Income
5:48 How to Make Passive Income Crypto
7:08 How to Make Money Fast with a Vending Machine Business
8:32 How I Make $20,000 a Month with Affiliate Websites
10:24 Is a Laundromat Business Passive?
11:54 Using Virtual Summits to Make Passive Income Online
13:25 How to Get Rich with a Franchise Business
#makemoney #passiveincome #makemoneyonline
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.