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Best Passive Income Sources

Check out the 4 best assets that produce passive income while you sleep 💤

1. Real Estate

Real estate, specifically rentals is easily one of the most effective ways to achieve passive income. Many investors choose to invest in real estate because of the power of leverage. You can use other people money to grow your real estate portfolio, you can get started with just 3.5% down and sometimes 0%, which is why this asset is so unique. To truly make this asset passive you will need to hire property managers to your rentals.

2. The Stock Market

There are many ways to achieve passive income through through the stock market such as options, ETFs, single stocks, etc. However if you truly want to achieve passive income through the stocks market you need to invest in what’s call “dividend stocks.”

Dividends

Investing in dividends is the only real true way to accumulate passive income into your bank account each month. Dividend stocks are stocks that pay you a certain percentage called the “dividend yield” for just investing in their company. For example if you invest $10,000 into say SBR which offers 10.25% Dividend Yield. In 30 years without touching that initial $10,000 investment, would turn into $1,485,739 producing $23,891 every month into your bank account.

3. Creating content

Most people don’t understand that creating content is another passive income asset. Once you’ve created and edited a high quality and engaging video assuming its monetized and has a good SEO(search engine optimization) that video will continue to accumulate revenue every time someone searches and watches that video.

4. Automate a Business

There are countless businesses anyone can start from your local mom and pop shop to owning an S corp, but until you can automate the business and fire yourself. That business will always require your time and effort to run. The idea is to delegate your tasks to someone else paying them a salary, so that you can then use to free up your time and therefore created a passive income source. Well cover the best businesses with the highest potential you can start with little money and how to run them in a future newsletter.

Check out this video for more.