Invest in dividend stocksĭividends are profits that are paid out to owners of stocks. If you have a 2nd car sitting around that never gets used or you have begun to bike to work and no longer need the car daily, this might just be the absolute perfect way to finally start generating some passive income. You’ll want to keep in mind that you renting out your car will mean additional wear on your car so your repair bills might increase, but users have said it’s well worth it for the passive income checks coming in the mail. And let’s face it, if you live in an area with Lyft and Uber service, there’s a chance you might not even need your own car on a daily basis. She said she is making enough money to hire a neighbor to handle the clean-up duties, so it’s as passive as can be.Ĭompanies like Turo and GetAround are making it easier than ever for you to rent out your car when you aren’t using it. In fact, she said she’s considering moving out to a smaller space and renting out the entire home since it’s in an in-demand area of Fort Worth, TX.
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But once she became an empty nester, she realized she had two empty bedrooms she could rent out to guests.Īfter signing up for Airbnb and jumping through the hoops she was able to rent out her rooms for $50/night each. She had always dreamed of running a bed and breakfast but never had the time to devote to it. She was a single mom of two daughters and her youngest had recently gone off to college.
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I was recently contacted by a long-time reader who had just received her first passive income check in the mail and she was ecstatic. Renting your primary home via Airbnb or another platform This type of investment can be truly passive if it’s already generating revenue with very little hands-on involvement. So for example, if you have a site like Contacts Compare or that compares prices, you can earn a commission for referring customers to existing brands. So why not find an existing site that is already making money from affiliates and take it over?Īffiliate marketing is essentially where you get paid a fee for referring new customers to brands. I already discussed how starting a website from scratch was no easy undertaking (unless you know what you are doing and have done it before). When incentives are aligned, you give yourself the best chance to win. The thing I love about companies like DiversyFund is that they don’t make money unless the investors make money since they invest and manage the projects themselves.
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#EASIEST PASSIVE INCOME PROFESSIONAL#
It’s a private REIT (real estate investment trust) that allows you to invest in professional real estate projects passively for as little as $500. However, there are a ton of companies that give you the ability to invest in commercial and residential real estate projects without having to actually do any of the heavy lifting yourself.
#EASIEST PASSIVE INCOME FULL#
When it comes to passive income, talk to anyone who’s a landlord and they’ll tell you that passive is the last word they’d ever use to describe having to replace a washing machine after a full day of work. Refer friends to great products you already use.Renting your primary home via AirBnb or another platform.
![easiest passive income easiest passive income](https://i.pinimg.com/736x/59/ae/5d/59ae5daeb5d5e311d55868c7aa617191.jpg)