5 passive income that everyone can easily to start with.
- Dividend stocks: Shareholders in companies with dividend-yielding stocks receive a payment at regular intervals from the company. Companies pay cash dividends on a quarterly basis out of their profits, and all you need to do is own the stock. Dividends are paid per share of stock, so the more shares you own, the higher your payout.
- Saving accounts: Saving your money into your bank saving, with high yields (Range around 0.5%-1.85%)
- REITs: You can purchase REITs on the stock market just like any other company or dividend stock. You’ll earn whatever the REIT pays out as a dividend, and the best REITs have a record of increasing their dividend on an annual basis, so you could have a growing stream of dividends over time.
- Affiliate marketing: When a visitor clicks on the link and makes a purchase from the third-party affiliate, the site owner earns a commission. (Amazon, etc)
- Rent out a room in your house: You can list your space on any number of websites, such as Airbnb, and set the rental terms yourself. You’ll collect a check for your efforts with minimal extra work, especially if you’re renting to a longer-term tenant.
