Passive income ideas for retirees.
- Thread starter Johnson2468
- Start date
For does who have retired, passive income is one of the best ways they can survive. Real estate would be a great way to make passive income, for the ones who are good in marketing, i believe affiliate marketing might also be good for them.
Engaging in rental property is a valid passive income for retirees.
I will not suggest them to put their money in bank and take interest, rather I will strongly suggest them to open a shop which they like and start investing in it. One day they just look after it. And other employees will run it. So you better be able to get money passively.
The majority of retirees I know rent out their homes. For example, my father's older sister has several apartments. She made certain she had passive income before reaching the age of 60, which is the retirement age in the Philippines.
Real estate is usually the one of the best way to gain passive income, especially for the elderly ones. I know a lot of them who are into real estate here and they are making good money from it. And the best thing about real estate is that you can pass it on to your children.
Many pensioners in Italy have tried to rent their second home but, at a certain point, they found themselves in a big problem, namely the tenant who no longer pays the monthly rent! However, also against the Italian laws which for now do not allow easy immediate proceedings not even through the police or lawyers! At this point it would become a big problem for the owner. But now it would seem that, with the new "Meloni -Salvini-Tajani" Government, laws will soon come into force that will allow easier clearing of properties.
