Want to have more money, but feel like you don't have the time or energy to take on more work? Here are some passive income ideas.
Instructions
Step 1
1. Use bonus bank cards
Some banks offer bonus systems: with each of your purchases, various bonuses are credited to your account in the form of bonuses, miles, and the like. It's an easy way to make up to several thousand a year just by buying things that you would buy anyway. To maximize your income, choose a card with one of the highest cash-back percentages.
Step 2
2. Shop online
Even taking into account the delivery, you can save on the purchase of equipment, furniture or gifts for your children. When shopping online, you can also receive small gifts or discounts as a regular customer.
Step 3
3. Maximize your interest income
Open a savings account with a bank that offers a high interest rate. Choose the bank with the best deals.
Step 4
4. Rent out your property
Don't let your possessions sit idle if you are not using them. Rent out a spare room in an apartment, a country house, a car and other property, but only through firms that you trust. Please be aware that there are risks involved in doing this.
Step 5
5. Sell trees
Do you have your own land? Sell some of the trees and plant new ones so that after a while you can sell them again. For example: grow Christmas trees.
Step 6
6. Vending
Buy a vending machine for coffee or other drinks, find a place for it and negotiate with the landlord. The service of the machine is usually included in the rental price.
Step 7
7. Earn from advertising on your car
Do you have a more or less decent car and spend a lot of time on the road? Contact companies that would like to place their advertisements on your car and get monthly income from advertising.
Step 8
8. Invest in Funds that earn dividends
Create a portfolio in a mutual fund that will invest money for you, making the most of your profit. Mutual funds conduct quarterly and annual audits of the companies in which you invest.
Step 9
9. Invest in real estate
Buy low-cost real estate and rent it out to generate monthly income. If you don't want to deal with screenings for tenants, find an agent to do it for you. The renter pays for the agent, not you.
Step 10
10. Sell your ideas
Are there many great ideas in your head? Turn them into an e-book, app, e-course, or some other product that you can sell.
