20 Amazing Passive Income Ideas for Financial Independence

Many people seek out and misunderstand what exactly is passive income. However, dreams of sitting on the beach while watching dollars roll into your bank account are far fetched.

Creating a stream of passive income takes time and money upfront, as well as ongoing care and attention.

Having an abundance of passive income ideas and dreams is great, but you must remember that not all of them are good ones.

Passive Income Ideas

1) Invest in Dividend Paying Common Equities

Consider using a broker or even advisors if you’re not a stock market expert and want a truly passive investment method.

2) Invest in a High-Yield Savings Account

Open an account with no minimum balance and get an APY of around 0.50 percent. Some accounts even give you money just for signing up for the account.

3) Invest in the Housing Market

For nearly as long as real estate has existed, real estate investing has been a well-established means of accumulating wealth.