How to Build Passive Income

Investing in real estate is a great way to build passive income. First you need to save enough cash to buy an investment property. You will also need to pay off your own home first.

How can I make 100 a day online?

Renting out a room or house can also be a good way to generate a little extra money. You may need to hire a management company to oversee your property. It takes time to learn how to run a rental business.

Creating a course that people can take is another way to create a passive income stream. Experts can now write video courses on just about any topic a person could want to learn. A few years ago, this kind of course would require a lot of effort. Nowadays, it is easier to get started.

Another way to earn money is to rent out cars, motorcycles, or sports gear. Platforms such as Turo, Boatsetter, and Spinlister let you list your vehicles and sport equipment. These services can help you make a small bit of money while you’re sleeping.

Other ideas include renting out your garage space, or selling your time. You can make money by blogging, uploading pictures of items you don’t use all the time, or selling advertising spots on websites.

Peer-to-peer lending platforms are a great way to earn an income quickly. They match borrowers with investors who have money. The platform vets borrowers for creditworthiness and pays you a 5% interest. However, this is a risky way to earn income.