7 sources of passive income

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
That's a good one from your parents mate, you have a good passive income there. you can use it to make money as long as you want as it is a natural source
 
AgoraForo - Digital Marketplace & Freelancer Forum

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
That's a good idea it is like using what you have to make more money it would be helpful. it is a good source of passive income that you can fall back on In future
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
@Starmix Woo you are very lucky to be able to invest in a coconut plantation without having to break a sweat, but you must be able to look after and care for your parents' inheritance. and you get passive income from the rental.
 

Suba

Notable
Member
Nov 11, 2022
3,879
471
Dex
$0.000
Raw Dex
$1.585
Yeah it is good to have a good passive income it does help to lessen the financial burden would have. You would be able to make good money off it
You are right, passive income not only increases income, but is often used as a future plan for the long term such as retirement where our energy has decreased a lot, and we no longer have to rely on active income.
 

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
That's right . passive income need to be set up as it helps with increased income and future security. , it is alsob good for future plan for the long term
 

eldavis

Very Familiar
Member
Sep 4, 2022
14,911
660
Dex
$0.000
Raw Dex
$4.724
There are so many ways one can earn passive income, but for me i believe one of the best ways to do this is through real estate. The real estate business is extremely profitable.
 

Authenticity101

Somewhat Known
Member
Aug 8, 2022
779
35
Dex
$0.000
Raw Dex
$0.000
It is important to increase income through passive sources for sure. You will need to have several assets that earn you income without having to work harder and longer. You have given a good list of what we can invest in.
 

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
Yesh different ways adopted by people but one of the best ways to do this is via real estate. This can be capital intensive but real estate business is profitable.
 

Yohanna

Notable
Member
Mar 19, 2023
2,110
33
Dex
$0.000
Raw Dex
$0.000
Yesh different ways adopted by people but one of the best ways to do this is via real estate. This can be capital intensive but real estate business is profitable.
Additionally, putting your money in real estate is a very good business idea and a very profitable business decision.
 

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
Sure, putting money in real estate is a very good business idea. This is a very profitable business decision anyone with good capital can take. You would make high returns
 

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
Yeah real estate investment.is real and oke can indulge if one really have the Capital. it hardly fails and as such it should be adopted when it comes to having passive income
 

Smalto

Notable
Member
Feb 23, 2023
1,305
76
Dex
$0.000
Raw Dex
$0.003
These are all nice avenues for someone to make some passive income, but I think some of them requires that one learns the rope of the craft very well before one can think of delving into it.
 

cherry123

Popular
Member
Sep 5, 2022
27,358
2,610
Dex
$0.591
Raw Dex
$0.000
Yes having passive ways of making money is very good. you wouldn't need to be active to make money. but you have to find out how it works to he able to.
 

freelancermaria

Well Known
Member
Oct 24, 2022
5,549
227
Dex
$0.000
Raw Dex
$0.903
That is a great list. They are all excellent ways to generate passive income. One of the passive income options I'd like to pursue in the future is renting out a property.
 

Passiveearner

Notable
Member
Dec 28, 2022
3,198
202
Dex
$0.000
Raw Dex
$5.002
There is a lot of talk about p2p lending and I have not tried it yet, I think that if I find a platform that gives me enough confidence to leave my funds there I will do it

I would never invest in lending schemes as such kind of schemes might be a scam and they involve interest money. I do not deal in interest because I am a Muslim. Having said that, there are many other investment opportunities as well.
 

riberet19

Notable
Member
Jan 7, 2023
3,222
346
Dex
$0.000
Raw Dex
$0.920
I would never invest in lending schemes as such kind of schemes might be a scam and they involve interest money. I do not deal in interest because I am a Muslim. Having said that, there are many other investment opportunities as well.
I understand it, so Muslims can only make money through investments that earn returns on revaluations? Can't you make money through interest? for example a dividend or other investments similar?
 
Back
Top