Passive Income Ideas 2020 | 7 Sources of Passive Income That Make Me A Living

7 passive income ideas 2020 to make you an extra $500 per day and how you can do it too.

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This is how I make a living in passive income and my 7 ideas for how you can do it too. Passive income is my favorite way of getting paid. Here are the top 7 ways I earn money online.

Passive Income Idea #1 - Real Estate. There are so many different ways you can make passive income from real estate. You don't even need to buy properties on rent to rent or rent to Airbnb scenarios.

Passive Income Idea #2: Dividend Income investing from the stock market. This requires a lot of money invested by it encourages you to save money, be frugal, and invest it rather than buying things you don't need. . This money is paid out in cash on a monthly, quarterly or yearly basis! Usually people are buying stocks low and selling it high but with dividend stock investing you never have to sell the stock to make some money back. How fantastic is that! Keep in mind that a bigger dividend yeld does not equal a better investment

Passive Income Idea #3: Credit Cards! That's right. When used tight, Credit cards can yield massive passive income. It's all about being smart about it

Passive Income Idea #4: - Online content passive income. There are hundreds of online platforms where you can generate content. video ones like youtube, are great but niche websites and blogs are still a thing!

Passive Income Idea #5: - Royalties. Royalties are a big thing to Mr. Wonderful, and he's not wrong. getting a check because someone else sold something is as best as it gets, and nowadays it's easier than ever to get some sort of royaltie going on!

Passive Income Idea #6: - Investing Locally. Small local businesses are sometimes looking for a new owner or an investor. Someone who can get some cash into it and make it run again. Gas Pumps, Mini Markets, are usually simple and cash flowing! Nothing like shopping around for a new shop!

Passive Income Idea #7: - Selling Products Online. There are lots of different ways to sell products online as a side hustle or business. eBay, Amazon, Shopify are usually the main ones, and with the dropshipping strategy, you don't even have an upfront unit cost. You just market the product and the supplier sends it directly to the buyer without you even seeing or touching it.

Hope you learned and got something out of this passive income video!

This is how I make a living in passive income and my 7 ideas for how you can do it too. Passive income is my favorite way of getting paid.

Disclaimer: everything on this channel should be taken as a form of entertainment. If you do decide to invest in any subject covered in this channel, understand that you're putting your money at Risk!

#FIRE #PASSIVEINCOME