Ways to Earn Passive Income in 2022
Having more than one source of income is pretty common these days. For some people, it’s a way to make ends meet. Here are 39 Passive Income Ideas to Build Wealth.
1. Open a High Yield Savings Account
By simply putting your money in the bank, you may be able to start to earn passive income on it.
2. Buy a Company
Although this may take an up-front investment, buying into a business and becoming a silent partner can be another passive income source.
3. Become a Peer-to-Peer (P2P) Lender
Using a peer-to-peer or crowd-lending website, you can be matched to an individual seeking a loan and lend your money as an installment-type loan.
4. Buy a Rental Property
Another popular passive income source is rental property. You might want to purchase a home to rent out to an ongoing tenant or list a property on a short-term rental site.
5. Invest in Crowdfunded Real Estate
There is no guarantee that investing in dividend-paying stocks will continue to earn you passive income.
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