Best Ways to Have passive income

Renting out your property is the best way to earn a passive income because the property is expensive and so are their rents. If you live in a duplex or a large house that you are not using entirely, rent out the rooms. If you have a furnished room with an attached bathroom, that you can rent out, post an ad on Airbnb. 

Investing in real estate is one of the best types of investments that every savvy investor prefers. If you have a lump sum amount that you want to invest. Buy an apartment, house, or whatever you can buy with the money. You can earn thousands by renting it out and the property’s value would also appreciate over time. Most real estate investments are risk-free especially when you are up for holding the asset for a long-time.

For those people who can create killer content for a website, making money while relaxing at home is not a big deal. If you are up for making passive money, affiliate marketing is a great idea. You will be posting ads on the articles. When the visitors on your site, click or buy something through your blog, you would be making money. Many house moms are killing it with affiliate marketing each month, making up to $10,000 in a month. 

Index funds give you a way to invest in a completely passive stock market. For example, if you invest money in an index fund that is based on the S&P 500 index, you will invest in the general market without having to worry about choosing investments, rebalancing your portfolio, or knowing when to sell or buy individual companies. All of this will be managed by the fund that will base the fund's portfolio on the underlying index's composition.

If you're already driving to run errands, why not pick up a passenger or two? Driving your car with Uber will help you earn money by taking people to their assigned destination. You can also place advertisements on your car to earn money while driving.

You can even earn money when your car is not used while on vacation, traveling, or just during a typical business day. With an app like Getaround, you can earn thousands of dollars by renting your car while you're not using it. Plus, Getaround car owners get the best parking spots in town, a $ 50 monthly credit to rent the vehicle of their choice, and $ 1 million in primary insurance coverage.

Even if you are not a famous person but you are good at something like investing in graphic designing or stitching, you can create a course on Udemy and earn money every time someone pays for learning it.

Many people are great at doing something but they lack the teaching skills to transfer the knowledge to others. You can earn a lot of passive income from an online course if you can make the students understand the concepts in a way better than others.

People are always looking for quick, interesting, and easy ways to learn new things. If you can cater to their needs with an excellent course, you will be making money right off the bat.

Keeping your cash in a regular current account won’t benefit you. If you have some idle cash that is sitting in your bank account, open up a savings account that pays a high-interest rate. Do some research and find out, which banks pay the highest interest in your state on the value in a savings account. Transfer your funds to a high yield savings account and earn interest. 

The need for apps that make our lives easier is enormous. Thousands of apps are created each month that solve problems for people like you and me. If you have an idea to create an app that helps people or solves a problem for them, you should talk to a programmer and start working on it. You can sell the app on the Play Store or Apple app store to make passive income without doing anything.