Passive Income Ideas to Help You Make Money While Asleep

As Warren Buffett has famously said, “If you don’t find a way to make money while you sleep, you will work until you die.”

Most of these passive income ideas will require an upfront time investment but, if managed well, will be paying you dividends for a long time to come.

Invest in Dividend Stocks

One way that you begin to easily build passive income is by investing in dividend-yielding stocks. Certain companies on the public market offer dividends, a type of periodic payment as a way of rewarding investors of the stock.

Own Rental Properties

Robert Kiyosaki’s favorite passive income stream, real estate investing is a popular way to build long-term wealth while also providing you with cash flow along the way.

Invest in REITs

If you’re too scared to invest in real estate directly, a good alternative to consider is a REIT. REITs are Real Estate Investment Trusts, basically companies that own and manage real estate.

License Royalties Through Music

Similar to the income from book writing, royalties are something you work hard to earn, but once you have it, it will provide you with cashflow forever.

Start Up a Podcast

If you have a love of talking and an irresistible charisma, consider starting up a podcast to earn some passive income!

Create and Sell a Course Online

Do you have a specific skill that’s highly sought after? Are you comfortable sharing this skill with the world? If so, you might want to consider creating a course and using it to make money online.

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