What is your favorite passive income sources

[nomad]

I think the best passive income comes from dividends paid by public companies and from real estate, both are the least work you have to do to get them, in my point of view, but you need a good capital to start seeing profits in both.

If you do not have money, this method is not for you. Nevertheless, you can still build a passive income if you have the knowledge and skills to create your own products or services, for instance a blog, an ebook, a digital art, etc.

 

[riberet19]

If you do not have money, this method is not for you. Nevertheless, you can still build a passive income if you have the knowledge and skills to create your own products or services, for instance a blog, an ebook, a digital art, etc.

You are right, if you do not have enough capital it is quite unthinkable to invest the real state market for example, but I think that the stock market is not so unthinkable, for example in the stock market of my country there are companies trading at $ 4 that offer dividends of 8% every 6 months if I am not mistaken, so you can access them, but you are right that the less expensive would be to open your YouTube channel, blog or others to generate returns.

 

[cherry123]

The thing is that one can still build a passive income if one have the knowledge and skills to create the unique products or services that people would be willing to buy

 

[IB D]

There is no passive income source that I value like real estate. It is so tight that it extends above the investor to even the third and fourth generation of the investor.

 

[Stardom22]

For me I would go for the blogging. This is Because I can earn on multiple ways while blogging. Affiliate marketing is one of the ways to monetization of the blog site which is very profitable.

 

[Chibson]

If you do not have money, this method is not for you. Nevertheless, you can still build a passive income if you have the knowledge and skills to create your own products or services, for instance a blog, an ebook, a digital art, etc.

Yeah, if you want to generate passive income it is either you have skills or you have money. Having the both of them is also very important to make a lot of money from passive income.

 

[Johnson2468]

My best way of making passive income is through investing in real estate business. Though it has it own hard times to but for me it looks so good and easy

 

[Hate2Wait]

I am not earning any passive income but if I do then it will be from renting

 

[Shavkat]

If you do not have money, this method is not for you. Nevertheless, you can still build a passive income if you have the knowledge and skills to create your own products or services, for instance a blog, an ebook, a digital art, etc.

Speaking of blogging, I am not that successful with this idea. I know that I am good at writing. That is why I wanted to explore this skill and earn at the same time.

 

[Blessed19]

Well my favorite means of passive income is writing online and it gives me joy to be earning while writing which is what I just love doing as even if I don't get paid I would still be writing for it is my hobby.

 

[Johnson2468]

Another amazing way I love to make money is through selling of courses. This looks really good to me because the main work is just at the beginning when you are putting up the ideas together

 

[Chibson]

My best way of making passive income is through investing in real estate business. Though it has it own hard times to but for me it looks so good and easy

Real estate costs a lot of money to get started, that is why majority of people do not make money from real estate investment. I think trucking business is also another good passive income source.

 

[nomad]

Speaking of blogging, I am not that successful with this idea. I know that I am good at writing. That is why I wanted to explore this skill and earn at the same time.

Just because you are a good writer does not mean you can become a successful blogger. In order to excel with blogging, you also need SEO, Digital Marketing, as well as Web designing skills.

 

[AruneBend]

I don't have any passive income but I heard that YouTube is a great source of passive income I'm not sure how but I think that YouTube has a lot of potential and many people make money out of it

 

[Shavkat]

Just because you are a good writer does not mean you can become a successful blogger. In order to excel with blogging, you also need SEO, Digital Marketing, as well as Web designing skills.

I do agree with you. I am not that familiar with the SEO. Would you like to share some links to learn this matter? I want to know more about it if you can share some of the ideas. Thanks in advance.

 

[nomad]

If you want to learn SEO and digital marketing, you can try Alison. It is Udemy like learning site where you can learn a lot of things but unlike Udemy Alison is completely free.

 

[Chibson]

I don't have any passive income but I heard that YouTube is a great source of passive income I'm not sure how but I think that YouTube has a lot of potential and many people make money out of it

If you have good contents to give then you can prioritise YouTube. I know many people who are very active on YouTube and makes good amount of money. My mentor monetized a YouTube channel within six weeks.

 

[Shavkat]

Well my favorite means of passive income is writing online and it gives me joy to be earning while writing which is what I just love doing as even if I don't get paid I would still be writing for it is my hobby.

I will join you with this matter. I also do have some extra money by writing online and do other things virtually. I felt bad that some people cannot see the beauty of doing these things online.

 

[Suba]

My favorite passive income is getting rent from property, no need to analyze like stocks and crypto, if there is damage we only need to call a builder, no fear of loss.

 

[Chibson]

Rental property remains the best in my own perspective but it cost a lot of money to set up. If you want to build a house for renting these days you need to invest a lot of money.