#Best forms of passive income free#

, - peer to peer (P2P) lending sitesĪ - want to buy stuff for a business? Start here. self-publishing for authorsĬ - look at what people want as 'help wanted', or for flipping itemsĭ - just one of many sites where you can buy and sell stock photographs There's no way to estimate the amount of time or level of return from a side business, as every one is different.įor side businesses, a few places to check out include: Side businesses can be anything from mowing lawns, to shoveling snow, to skilled labor (designing covers for writers in photoshop, photo retouching, logo design, doing taxes, etc), to generating a product (selling things on the internet). Not passive at all, but can make a decent chunk of change. Not exactly passive, but a good way to work towards owning property, as most of your income goes back into the mortgage. Requires a large up-front investment for the down payment on the home, and significant time in fixing up the property/screening tenants/cleaning. A viable option, and helps you become a member of the gentiles, a land-owner. Real estate! Be a landlord, have renters.

Again, needs a lot of money up front - $100/month requires roughly $10,000 invested, factoring in a 12% return rate after defaults. A bit more risk than buying a stock, as borrowers can default, but many people have posted decent returns at 10-15% through this. Sites like Prosper and LendingClub offer this. $100/month would take roughly $40,000, invested in a 3% dividend stock basket. However, you need a lot of money to earn money. Provides a decent return on investment and is very reliable, with zero effort. Put money into stocks/mutual funds/bonds, get dividends.

#Best forms of passive income free#

There are semi-passive and free time options, but they've got a variety of handicaps. The dream, isn't it? Unfortunately, it's next to impossible to find a true passive option.