Passive income isn’t just for lazy marketers or developers. It’s for anyone who wants to free up their time so they can enhance their lifestyle.
Imagine how good it would feel to know that you have multiple income channels flooding your bank account with payment after payment even when you’re off spending time with friends and family?
And it gets better than that because with passive income channels you’re able to experience the security of a constant source of money that isn’t affected by the time you’re able to spend growing your business.
I remember when I first heard about this whole passive income idea. I thought it was a pipe-dream, something rarely achieved by anyone without a lot of money to invest.
I was wrong.
Passive income is available to anyone and everyone. There are simple and considerably complicated methods of doing it, but that choice is entirely yours.
Here are a few quick ideas:
Invest in Real Estate
It doesn’t cost a lot of money to get started in real estate investing and you don’t need any experience if you use a site like https://fundrise.com
Open a High-Yield Savings Account
This is also one of the safest ways to invest your money and with some of the leading banks offering very good interest rates, including Barclays, Ally and Synchrony.
Invest in Index Funds
If you’re interested in the stock market, but afraid to go in too deep or that you lack the knowledge to successfully invest, you can start off with a company like eTrade.
eTrade is a highly recommended online broker that makes it easy to buy index funds.
Build a Continuity Program
If none of those options appeals to you but you enjoy marketing online then building a continuity program, like a membership site, could be the way to go.
I have had a lot of success running membership sites over the years in several different niches.
