7 sources of passive income

[cherry123]

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

 

[Starmix]

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

Thank you mate it's rented annually and I am saving the rent for my buy and sell lots investment.

 

[cherry123]

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]

@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.

 

[cherry123]

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

 

[Suba]

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]

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]

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]

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]

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]

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]

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

 

[uptrendfinancialsignal]

There are lot of passive income sources that could be trusted and a very good example is the real estate investment.

 

[cherry123]

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]

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]

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.

 

[Niyi Briggs]

Rental properties is the best form of passive income. It is sustainable and can last on for a lifetime. It requires good money to set up though.

 

[freelancermaria]

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]

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]

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?