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Most of the time, you’re able to diversify your investment portfolio rather easily. Index funds are normally a mix of stocks or bonds designed to match a specific financial market. Continue reading for a more in-depth description on passive income ideas or jump to the infographic. If you’re ready to start investing and need some additional insight, check out our brokerage page. Outside of eBook and online courses, other forms of passive income include renting out properties, investing, or selling your artwork. Since these types of “products” are categorized as sales, most of the time they’re taxed. Over time, you’re able to promote your eBook, but since you’ve already created the product, you won’t have to worry about creating something new. You could focus on your social media audience or your LinkedIn connections to invest in your program. If your passion is fitness, you can create a downloadable eBook workout plan. Creating different passive income streams could be a creative side project that earns supplemental income easily. Passive income is derived from projects that may require upfront work, but can make you money for little to no upkeep. You could also simply use the menu below to jump to the one that looks most attractive to you.
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Read on to learn about the different types of passive income opportunities, suggested investment amounts, and the time you may have to put in to earn passive income. Even though it sounds too good to be true, there are many ways to create passive income streams. Who knew you could potentially make supplemental income while you sleep? Passive income is the most common solution to do just that. There are many different passive income ideas to choose from, especially in today’s world of remote working and flexible schedules.