6 Types of Passive Income

[Suba]

Passive income can be interpreted as income without doing work or only doing a little work. Here are 6 types of passive income:
1. Paper Assets, for example stocks, mutual fund bonds etc.
2. Residual Income, for example royalties, copyrights etc.
3. Active Leveraged Income, for example referrals
4. Businesses that are already running automatically, for example owning gas stations, boarding houses.
5. Residential Property, renting property
6. Side Jobs for example, Freelancers, PTP Sites etc.

 

[Sanjeev]

I have a passive income as I have rented one of my properties. Also, I invest money in shares. It is always beneficial to have passive income.

 

[eldavis]

For me one of the best ways to get passive income is investing in real estate. This has always been a dream for me , and i would definitely achieve this one of these days.

 

[nomad]

Side Jobs for example, Freelancers, PTP Sites etc.

Freelancing and working on PTP site is not passive income. Passive income means earning without ongoing works, as a freelancer you will have to continuously work on your gigs and you have to post daily to earn daily from PTP

 

[Suba]

Freelancing and working on PTP site is not passive income. Passive income means earning without ongoing works, as a freelancer you will have to continuously work on your gigs and you have to post daily to earn daily from PTP

According to Wikipedia, passive income also includes side work, which is why I added a side job as passive income. So in addition to the main income can also be classified as passive income.

 

[nomad]

According to Wikipedia, passive income also includes side work, which is why I added a side job as passive income. So in addition to the main income can also be classified as passive income.

Wikipedia articles are not written by experts, they are written by common users like you and I. Passive income means you make money without ongoing work. If the side job you do brings you income without ongoing work, it can be classified as passive income. If you have to work to earn, it is not passive income.

 

[astutimeliana723]

Passive income can be interpreted as income without doing work or only doing a little work. Here are 6 types of passive income:
1. Paper Assets, for example stocks, mutual fund bonds etc.
2. Residual Income, for example royalties, copyrights etc.
3. Active Leveraged Income, for example referrals
4. Businesses that are already running automatically, for example owning gas stations, boarding houses.
5. Residential Property, renting property
6. Side Jobs for example, Freelancers, PTP Sites etc.

I totally agree with you, and now my passive income is side jobs on RIF and mylot sites, both are included right? If I have more money I want to buy gold as an investment.

 

[Suba]

I totally agree with you, and now my passive income is side jobs on RIF and mylot sites, both are included right? If I have more money I want to buy gold as an investment.

A very good plan, if you are going to invest in gold, both digital and physical gold, check the authenticity, so you don't get scammed. Gold is excellent as a hedge of your wealth

 

[astutimeliana723]

A very good plan, if you are going to invest in gold, both digital and physical gold, check the authenticity, so you don't get scammed. Gold is excellent as a hedge of your wealth

Thank you for the advice, if I buy gold, do you think gold bars or gold jewelry are better, which one is better for investment? But for gold, I prefer to buy offline directly from the store

 

[Bisolami]

Passive income can be interpreted as income without doing work or only doing a little work. Here are 6 types of passive income:
1. Paper Assets, for example stocks, mutual fund bonds etc.
2. Residual Income, for example royalties, copyrights etc.
3. Active Leveraged Income, for example referrals
4. Businesses that are already running automatically, for example owning gas stations, boarding houses.
5. Residential Property, renting property
6. Side Jobs for example, Freelancers, PTP Sites etc.

I think I still prefer the rental of properties because I do not need to be working before I make money

 

[Chibson]

I think I still prefer the rental of properties because I do not need to be working before I make money

this will only be possible for you if you have a lot of money. It is not for people who are still building themselves and they do not have much money to do so.

 

[Bisolami]

this will only be possible for you if you have a lot of money. It is not for people who are still building themselves and they do not have much money to do so.

Someone like me is not planning to have a passive income very soon because I do not have the capital to start

 

[Magnus2022]

Thanks for posting and explaining types of passive income. I have some real estate I have received from my parents. I will still buy more if I have money. There is no passive income like real estate investment.

 

[Bisolami]

Thanks for posting and explaining types of passive income. I have some real estate I have received from my parents. I will still buy more if I have money. There is no passive income like real estate investment.

For real?
You are a big man oh. I like the fact that your parents were able to hand some over to you

 

[Chibson]

Someone like me is not planning to have a passive income very soon because I do not have the capital to start

Okay, there are also other ways you can make passive income even if you do not have enough capital. You can start a YouTube channel and teach people the information you know.

 

[jetsaints30]

For me one of the best ways to get passive income is investing in real estate. This has always been a dream for me , and i would definitely achieve this one of these days.

I have been learning from podcasts and books about how to find, analyze and manage properties what are some of the resources that you use to educate yourself? do you have a mentor that can guide you?

 

[Stardom22]

There are so many types of passive income in the world today. Affiliate marketing being the one leading online passive income I know of in the recent days of my online career.

 

[Bisolami]

Okay, there are also other ways you can make passive income even if you do not have enough capital. You can start a YouTube channel and teach people the information you know.

There are some people who have YouTube channels and they are sharing the platforms that they make money from

 

[Chibson]

There are so many types of passive income in the world today. Affiliate marketing being the one leading online passive income I know of in the recent days of my online career.

Yes, affiliate marketing is a very good passive income source. But you must dedicate some time to get good traffic method if you want to sale.

 

[uptrendfinancialsignal]

Yes, affiliate marketing is a very good passive income source. But you must dedicate some time to get good traffic method if you want to sale.

Engaging in affiliate marketing is a passive way to make money online.