Passive Income Ideas: What if you lose your job? EMI, household expenses, children’s fees… everything can hang in the balance in a jiffy. Everyone has this tension in today’s unstable job market. But imagine if even after losing the job, the same amount of money comes into your account every month as the salary you used to get. Yes, this is possible… with passive income. Passive income means money that comes again and again without working once after working hard. Let’s know 3 such smart ways, which will free you from the tension of money…
1. Invest in REITs
REITs (Real Estate Investment Trusts) are the easiest way to earn from real estate today. It generates regular rental income. In this, you invest money in a building, mall or office like shares. You get the rent from that property in the form of dividend. Many REITs give income every 3 months. You can invest in it even with a small amount.
2. Create a digital product once, sell it again and again
If you are an expert on any topic, your skill is great – like cooking, finance, fitness or designing, then you can create ebooks, video courses or templates and sell them online. Just work hard once and create content, then use a website or platform like Gumroad, Graphy or Amazon KDP to sell it. You will earn thousands every month. For example, a fitness trainer earned 5 lakh rupees in just 3 months by selling yoga courses for just 199.
3. Invest in dividend stocks, profit will come every month
Some stock companies give a part of their profit in the form of dividend. As your shares increase, the dividend also keeps increasing. This is an income just like a salary. Stocks like ITC and Coal IndiaC are known for dividends. Invest a small amount every month in such stocks through SIP and you can create a good passive income source in 4-5 years. However, before investing in the stock market, definitely take advice from your market experts.
Desclaimer: For any financial invest anywhere on your own responsibility, Times Bull will not be responsible for it.