Passive income is a type of income that requires little to no effort to maintain or generate. It typically comes from sources that continue to generate income over time, such as rental properties, dividends from stocks or mutual funds, or business ventures in which an individual is not actively involved.
There is no freedom without passive income. The reason you will see a doctor that is making $500,000 a year but cannot step away from his job for just a month. Without a paycheque, he can’t maintain his standard or style of living. He needs to be physically present to get a pay cheque that a PASSIVE INCOME will provide.
I still work 8 months a year and the only reason I leave my house every day is very simple… To bring down that 8 months a year to 6 months and later 6 months to 3 months while the passive income builds with previous working months put money into my bank account to catch up with 9 months of adventure. I LOVE FREEDOM, I DONT KNOW ABOUT YOU! What are you working for? To pay the bills, work all the days of your life, and die, or to build a passive income tree that you can leave for your children and generations? Ask yourself that truth and START NOW!
No one is better than you. It is what you are not doing at the right time that makes it look like some people are better and you are not. One month of freedom is freedom. 3months in a year is freedom also but the world will not give you if you don’t build it by yourself.
You don’t need to compete with anybody before you build a PASSIVE INCOME. You can build it quietly and secretly. When you put your mind and effort into building it, one-day people will think you are into money rituals because passive income is not loud like a $500,000 pay cheque. Little by little drop, the bucket of water will full. But you just need to start and ask yourself that truth. Are you working to live or working to get your freedom? Aye dun je Ju iya lo ooo. Don’t deceive yourself, what will be will not be… What will be is that you START NOW. SIMPLE!
30 Passive income ideas: Those with * are my present passive income tree and they never go wrong. In everything we do in this life to be great, you can’t rule out risk but the beauty of it is how you can calculate your risk and balance it with your dream. NO RISK, NO PROGRESS!
1) Rent out a room in your house.
2)Affiliate Marketing
3)Dividend stock *
4)sell print on Demand Tshirt
5)Start a street Car Wash
6)High Yield Saving Account *
7) High a Virtual Assistant
8)Peer to Peer lending *
9) Sell an Online Course
10) Start a Youtube Channel
11)Buy a profitable app
12) Drop-Shipping Store
13)Sell products on Amazon *
14)Sell Products on eBay
15) Rent out items you have
16) Invest in Royalty Income *
17) Cryptocurrency Mining
18) Hold Stocks Long Term*
19) Create an app
20) Rent out your car
21) Vending Machines
22)Start an ATM business
24) Crowd-Funded Real Estate *
25) Investing with Robo Adviser
26) Run a Subscription Service
27) Be silent Business Partner *
28)Sell an e-book
29)Put ads on your car
30) Buy a profitable website.
GOOD LUCK!
