10 Best Passive Income Sources (2019)

10 Best Passive Income Sources (2019) - This blog will provide you best passive income sources, it proves to be best unless you really have enough patience to make your income grow. Will discuss first what is passive income ? Its real money without giving your time. It can be within varieties of ventures which requires very little daily efforts of an Individual. The initial downtime involves as starting a blog or simple as login online. I will share some ideas which can be implemented to make you rich over a period of time.

Starting with Real Estate - You might be thinking why, but its great idea to make money while you sleep. Its one of the best strategies with significant place in the world. Lot of people just think about rental property.

Peer to Peer Lending - As you know banks don lend money out with kindness in heart. They do it because its profitable. This options matches with the person who wants to borrow money with those who have money to lend.

Get out of Debt - Yes you heard it right. Its always right time to clear of your debts. This may lead to paying highest amount of interest rates. You will know over period of time.

Renting out - Its also one of the best source of income. You can rent lot of things. For Eg -  Space for storage, home stay or paying guest. Even expensive stuff can be rented out to make some bucks out of it. This will be like a new hobby to start.

Buy a Small Business - Investing is ultimate and most accessible way of passive income. You can buy online business much easier and lower than purchasing a brick and mortar business. Its available on sites like BizBuySell. Even domain names can be purchased and sold for good price.

Dividend Business - If you own a stock in a company directly or through a fund you may receive dividends. Its company's profits to reward share holders loyalty. Some stuff you already do involves in cash back cards, Offers and reward points. But never spend money you do ordinary to get some bonus. Utilising your rewards for cash backs while eating may bring down your bill by 10% - 20%.

Driving Business - In UBER you can set your own time and schedule. You can work your regular job and make some extra bucks in few hours on weekends. Their is no fix commitment.

You Tube Channel - Its in Golden years and we are in already. The growth is insane and its still on new side. Making videos is hard work with less competition. You just need to find right audience.

E-Book - This is another place to fins a niche, you can just give a try writing a book on aspects of fitness and wellness. E-books don't have to be long either so that you need to write on opus to make some bucks. It can publishes on Amazon, Kindle or Lulu.

E-Commerce - It depends on what your selling product. If your making things yourself, its harder than reselling already existing items. You can refer some sites which will make you easier for website designing like Shopify, Shopmatic or Shop101 and assist in drop-shipping also.

Start a Blog - You can provide value to your readers which drives more traffic and monetising it with affiliate links. The more your website and topics are the better.

Not all of us going to get rick from our jobs. Soon some of us might not have also. If we want to achieve a certain level of financial independence , we need to start earning passive income. The list above will give you few ideas. Pick one and get it started. Its always a right time with some effort  in front line to achieve a stream of passive income in coming years. If you want more information check out Passive Income on Reddit or Wikipedia page. Some of the best ideas are found on this sites.