Best Passive Income Investments

Best Passive Income Investments

Passive income is the top way to financial freedom. Passive income allows you to be minimally involved while earning you income.

What are the best ways to make passive income?

Everyone wants and desires passive income……..

Why do people want passive income?

With passive income comes financial freedom. If you have enough passive income, you no longer need to sit at a desk and work for a boss.

Who would want to make the executives and owners of the company richer anyway? They already have it made and most likely have what is called golden parachutes. These Rich *&^%$$ could care less about us working folk. They make more money in a month then most of their employees make in 10 years working for them.

Okay, back on track for discussing the best passive income investments.

Passive income streams require an upfront investment of money or time in the beginning. 

After some time and hard work, these income streams start to build and can maintain themselves, bringing you consistent revenue without much effort.

Here is a quick list of the best passive Income Investments:

  1. Dividend Stocks
  2. Rental Properties
  3. High Yield Savings Accounts And Money Market Funds
  4. Annuities
  5. Invest In A Business
  6. Sell an eBook Online
  7. Create a Course
  8. Sell Stock Photos
  9. Create an App
  10. Affiliate Marketing
  11. Network Marketing

What does it take to earn passive income?

You have to choices when it comes to best passive income investments for you:

1) An upfront monetary investment, or

2) An upfront time investment

It’s that simple; you have to be willing to provide at least one of these two. 

The list of passive income ideas has options for both people—Those with more money to invest and those with more time to spend.

Here we are going to list the best passive investments ideas that cost money as you scroll down you will find the investments that cost less money but require more time.

Upfront Monetary Investment:

These types of passive income require you to invest money up front.

1. Dividend Stocks

​Dividend stocks are a true way to earn passive income. There are numerous dividend stocks to invest in. AT&T and Wells Fargo are some of the bigger ones. 

To maximize these investment opportunities, make sure you open an account at one of the top online brokerages and pick a reliable system to pick out dividend winners with low risk.

2. Rental Properties

​A positive cash flowing rental property is a perfect way to bring in a monthly income. To make this truly passive, you can outsource the management of the properties.

3. High Yield Savings Accounts And Money Market Funds

If you don’t want to think much about your money, but want it to work for you, it is a central place to put it in a high yield savings account or money market fund.

4. Annuities

​Annuities are not for everyone if you want the assurance of a monthly payment and don’t care about the yield rate; this may be an option for you.

5. Invest In A Business

A great way to generate passive income is to invest in a business. You can be a silent partner in the business, allowing you the free time.

6. Sell an eBook Online

​Self Publishing is simple in the digital world of today. When you purchase an eBook off of Amazon, there’s a pretty good chance you’re buying a self-published book. 

7. Create a Course

You have knowledge! It could be anything from woodworking to grocery shopping. If you have a skill, you can sell a course online to make passive income. Once you set it up, all you have to do is get people to the class, and you can charge them a recurring monthly membership fee.

8. Selling Stock Photos

​Do you ever think about where your favorite blogs, website, and even magazines/newspapers get their photos? Stock photo websites have become the norm. If you enjoy photography, you can submit your photos to stock photo sites and receive income every time someone purchases one of them.

9. Licensing Music

Just like photos, you can license music and earn a royalty.  

10. Create an App

​If you own a smartphone, then it’s safe to assume you have several apps downloaded. If you have a good idea, you can build the app yourself or hire a programmer. There is some crazy money to be made in this field.

11. Affiliate Marketing

​Affiliate marketing is selling someone else product. You can do this with a website, email marketing, or even cold marketing. If you think you’re great at sales or marketing, there is all kind of products you can sell. 

12. Network Marketing

​Network marketing, Direct sales are also known as MLM (multi-level marketing), seems to be on the rise. Companies such as USANA, Avon, Pampered Chef, Legalshield, and AdvoCare are all multi-level marketing companies. You can earn passive income by selling the company’s product, plus you can earn by building a team underneath you (often referred to as a down line.) This is a highly rated idea for best passive income investments. For a minimal money investment, your earning potential can be high if done right with nothing more than a major time effort. 

Keep in mind it can be tempting to pick two or more passive income ideas to get started with. I encourage you to pick one to begin with. You need time and the ability to focus on growing a passive income stream. 

Once you have mastered one, then move on to the other. 

Pick an idea and make a plan. Then dedicate yourself until that income stream starts producing reliable income.

Passive Income Definition

Passive Income Definition

Here is my definition of passive income. 

So what is passive income?

Passive income is income that still comes in even when you’re not working. Meaning it is income you receive from past work or investing.

What is the difference between passive income and linear income?

Linear income is where you trade your time for a specific dollar amount, for instance, a JOB. You get paid $15.00 an hour you can’t make more. Some jobs have commissions, and you might be able to earn more, but there is still a limit to the amount. Typically this is a sales job. You sell a product and make a commission, but you only have so many hours in a day that you can sell. Time is your Achilles heel here limiting your income, making it linear income.

Linear income = Trading Dollars for Hours

Jim Rohn once said: “I am working full-time on my job and part-time on my fortune.” 

Time is finite. Once it’s gone, it’s gone for good!

Passive income is unlimited if you figure out a way to get aboard the bandwagon. Passive income is the income you earn from working being done in the past. 

 Passive income is not easy but can be done in several ways.

Passive Income Definition:

Passive income is money earned from a venture that has little or no ongoing effort involved.”

Next question most people ask is:

What are the ways I can earn passive income?

Here are 10 great ways to earn passive income:

  1. Write a blog – Affiliate Marketing
  2. Create Youtube Videos
  3. Direct Marketing also is known as Network Marketing or MLM (Multi-Level Marketing)
  4. Investing in great dividend stocks
  5. Real Estate
  6. REIT – Real Estate Investment Trust
  7. Write a book
  8. Write or sing a song
  9. Photography
  10. Design a product and earn royalties 

Passive income can be earned in many ways. Some ways cost more money, some cost time, and some you have to have a talent for like song creation or signing. 

Either way, multiple streams of income is the way to financial freedom. As many people learned here in 2020 from the Covid-19 pandemic, only having one source of income is extremely risky! People call investing risky, but spending all your time in a job earning someone else passive income is the most dangerous thing you can do.

In fact, before the Covid-19 Pandemic and all the other issues this world has, I learned the hard way.

I had a JOB with a major Telecom company for 13 years. Each year they would scare everyone that layoffs were coming. I thought to myself no way could it be me I showed u to work, I worked hard and was even the top of many of the departments I was in.

Guess what……..

None of that mattered—people less qualified than me and who would go out on lunch to get high kept their jobs. 

At that moment, I learned you have to watch out for yourself. That no matter how well you did or who you knew, the only thing that was going to save you was yourself.

Trust me when I say you need multiple streams of income that are passive income related as none of us have enough time to build substantial financial freedom.

If anything you retain from this article, you need to know is Passive Income is where you want to be.

My Passive Income Definition Is:

It is the freedom of living on the beach or where ever your relaxing spot is.