How to Make Passive Money?

Passive income is a type of income you can earn without actively working. Here are a few ideas for how to make passive income:

Invest in dividend-paying stocks: Dividend-paying stocks pay out a portion of their profits to shareholders. By investing in dividend-paying stocks, you can earn passive income in the form of dividends.

Rent out a property: If you own a rental property, you can earn passive income by collecting rent from tenants. You will need to manage the property and handle any necessary repairs, but the payment can be a source of passive income.

Create an online course or e-book: If you have expertise in a particular subject, you can create an online course or e-book and sell it through platforms like Udemy or Amazon. Once you've completed the system or e-book, you can continue earning passive sales income.

Invest in a peer-to-peer lending platform: Peer-to-peer lending platforms like LendingClub allow you to lend money to individuals or small businesses in exchange for interest payments. You can earn passive income through the interest payments on your loans.

Invest in a high-yield savings account: High-yield savings accounts offer a higher interest rate than traditional ones. While the returns may be small, the income is passive, and you can earn interest on your savings without actively working for it.

Remember to do your research and choose a passive income stream that aligns with your financial goals and risk tolerance. It's also important to consider any necessary licenses or certifications and the time and resources you'll need to invest to earn passive income.