18 Profitable Passive Income Streams To Consider

Creating several passive income streams is a dream for many entrepreneurs. It can accelerate plans to make extra income, pay off debt, and invest in building wealth.

Passive income is all about making money 24/7! It's the famous “make money while you sleep” idea, and it is possible.

What Is Passive Income?

Passive income that is always passive is usually found in the form of investments. With this type of income, you make a purchase and forget it.

Truly Passive: Purchase and Forget It

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There are two main ways to make money from stocks. First, you can start investing.  Then make money when you sell the stock down the road through capital gains.

Income From Stocks

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A bond ladder is a portfolio of multiple bonds that mature at different times. When the bonds mature, you can reinvest the returned principal in new bonds and start a new ladder or continue adding on to your current one.

A Bond Ladder

Earn passive income with interest when you loan money to someone else.  For example, you can loan banks money in the form of a high yield savings account.

Income From Interest

 Real estate investing with REITs is like buying and selling stocks on major stock exchanges. These funds include commercial real estate, movie theatres, apartments, office buildings, and more.

REITs

Despite its name, passive income is rarely 100% passive. Many forms take upfront planning and work to produce a continuous money flow.

Requires Upfront Work, Then Becomes Passive

Royalties are paid every time a third party sells your creation. It can be anything like copyrighted music, stock photography, books, and more.

Income from Royalties

You can also publish books and music yourself instead  of earning money from royalties  to increase your profits.

Income from Publishing

Think of making money on the commute to work or while running errands.  If nothing else, you’ll offset the costs of gas while getting things done.

Advertise on Your Car

Bloggers, store owners, virtual assistants, influencers, and others need  graphic designers  to help market  and promote  their products.

Sell Designs Online

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