One of the main components of a person’s financial independence is passive income. The secured future depends on it, and just the availability of money for additional expenses. At the moment there are several effective ways to get passive income. Each of them has its advantages and disadvantages.
1. Deposits
This method of stable receipt of money is one of the most common and safe. Naturally, the interest rate on the deposit will be small, but the funds will be under the control of the depositor and will not be lost in the event of a crisis situation, because deposits are often insured. Experts recommend using this method if there is a large amount of money, the interest from which could be real passive income.
2. Real Estate
As for real estate, there is one time-tested way to get a stable income - this is the rental of property. And you can take as a separate house or apartment, and a small room, or even part of the room (for renting commercial real estate). The amount of profit in such cases will be fixed, and can be revised with the participation of two parties in connection with certain economic changes, personal circumstances, etc. In addition, the possible risks will significantly decrease after property insurance.
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3. Intellectual property
This method of receiving passive income is optimal for people who do not see their life without creativity or invention. The process of obtaining money works like this: a patent is issued for an invention, and copyright is granted to music, video, or other creative results.
After that, the person for whom all the documents are drawn up enshrines the right to personally manage his intellectual property and sell the right to use it to other people or projects. At the same time, the size of the income and in general its availability will depend on the demand for this property and on the ability of the intermediary to realize it (in the case of music and movies). See How to make money with your own intellect?
4.Partner programs
In order to receive passive income in this way, initially it will be necessary to actively work on the result. The essence of affiliate programs is to attract customers or users to the resource. Similar programs are organized by some companies interested in a significant increase in the number of their clients. Income may be charged depending on their quantity, the amount of their purchases, work results, etc.
There are also risks from participating in such programs, but they are related to the number of financial investments and the duration of the programs, which is rather difficult to predict. That is why experts recommend taking part in programs that require a greater investment of their own efforts than money.
5. Securities
Receiving dividends from investing in shares of large companies is a risky but profitable enterprise. To reduce all possible risks, it is best to entrust your savings to investment company specialists.
6. Your website (blog), as a variant of passive income
Your information resource on the Internet can also be a good source of passive income. But income will not be completely passive, because you will have to support your site by writing articles, or pay for the work of copywriters, and in order to start receiving normal money from the sale of advertising on your site, you will have to work for at least one year of promotion and content.
