15 Passive Income Ideas To Make Money While You Sleep

15 Passive Income Ideas To Make Money While You Sleep

The truth is that to generate passive income, you’ll need to invest in an asset that produces passive income for you.

For now, let’s talk about a few passive income ideas if you’re ready to invest and make your money work for you instead of losing value in a bank account.

Passive Real Estate Investing

Passive Real Estate Investing

Passive Real Estate Investing

Passive Real Estate Investing

One example is DiversyFund. It’s a private REIT (real estate investment trust) that allows you to invest in professional real estate projects passively for as little as $500. 

Open a High-Interest Savings Account

The best high-interest banks are online only so you won’t need to mess with going into the bank to get started. 

Invest in Dividend Stock

Some companies pay dividends on a regular schedule, which means it can become a dependable source of income. 

Earn Passive Income with Lending Club

Lending Club allows investors to diversify their assets by investing in different types of loans. 

Put Your Real Estate to Work

Put Your Real Estate to Work

Put Your Real Estate to Work

Put Your Real Estate to Work

Getting paid a couple of hundred bucks to let someone place a tiny home on a piece of land you don’t use and don’t want to sell can make you a nice stream of residual income.

Renting Your Car

Companies like Turo and GetAround are making it easier than ever for you to rent out your car when you aren’t using it.  

Refer Friends to Great Products You Already Use

Companies like Rakuten.com (formerly eBates) have existing referral programs that pay out cash for every friend you can refer.  

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