![]() ![]() You can make passive income online once you have published your e-book. Publish an E-Bookĭo you have a passion for something but don’t know how to convey that passion to the world? Consider writing an e-book. If you buy a multi-family property, you might be able to make even more. While you still are responsible for the mortgage, taxes, insurance, maintenance and repairs on the property, you can raise rents along with the market and eventually get to $1,000 in monthly profit. Rental real estate is one of the oldest (and best) passive investments around, and you can make decent money if you do it right.īuying a rental home does require up-front work but, if you can find a great deal, improve the property and find a quality management company, it can be mostly hands-off and earn you $1,000 (or more) each month. Turo does charge a lot in fees but, if you’re not using the car anyway, you might as well bring in some extra cash with it. If you own a desirable car (like a Tesla), you can charge a premium - a few weekend rentals could easily earn you $1,000 or more per month. If you have a shop or garage, a covered parking space or any property that you’re willing to let people store stuff in, you can rent it out as well. This extends to more than just your yard. If you have enough space, you can earn an extra $1,000 per month off this passive activity. Sites like allow you to rent out space for people to park extra vehicles, boats, RVs and other items on your property. If you have a decent-sized property, you can rent out your yard for extra cash. Live Richer Podcast: How To Leverage Your Investments Rent Out Your Yard This is a solid return - and probably one of the safest investments available today. To make $1,000 per month on T-bills, you would need to invest $240,000 at a 5% rate. Treasury bills (T-bills) are short-term debt instruments that are paying out over 5% APY, giving you a guaranteed rate of return that is backed by the U.S. Treasuries are now paying attractive yields on short-term investments. Interest rates keep rising, and while this is crushing the stock market, U.S. Here are seven ways - some simple, some complicated - to earn $1,000 (or more) per month in passive income. You might even be able to get started in the next week by taking advantage of some of the tips below. Contrary to what some TikTok influencers might tell you, passive income is not instant, and it typically requires an investment of time or money.īut, making $1,000 as a side hustle is not only possible, it can be done through investing, online marketing or by renting out things you own. While passive income is something many strive for, it actually takes a bit of up-front work to make it happen. With a Recession Looming: Make These 3 Retirement Moves To Stay On Track Making money on the side is easy, but making over $1,000 per month in passive income might not be.Ĭheck Your $2 Bills: They Could Be Worth Upwards of $4,500 ![]()
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