active income vs passive income
Active income means your currently working for it passive earning mean your money is working in your places
How to generate passive income
To generate passive income you have to invest these things
Sure, here are some passive income ideas:
1. Dividend StocksInvest in stocks that pay regular dividends.
2. Rental Properties
Purchase real estate and rent it out to tenants.
3. **Peer-to-Peer Sure, here are some passive income ideas:
1. **Dividend Stocks**: Invest in stocks that pay regular dividends.
2. **Rental Properties**: Purchase real estate and rent it out to tenants.
3. **Peer-to-Peer Lending**: Lend money to individuals or businesses through online platforms.
4. **High-Yield Savings Accounts**: Put your money in accounts that offer competitive interest rates.
5. **Investment Funds**: Invest in index funds, mutual funds, or ETFs that generate returns over time.
6. **Create Digital Products**: Write an eBook, develop an online course, or design software that can generate ongoing sales.
7. **Affiliate Marketing**: Promote products or services and earn a commission for each sale made through your referral.
8. **Peer-to-Peer Car Sharing**: Rent out your car when you're not using it through platforms like Turo or Getaround.
9. **Create a YouTube Channel or Podcast**: Generate revenue through ads, sponsorships, and affiliate marketing.
10. **Royalties**: License out your creative work, such as music, photos, or designs, to earn royalties.
Remember, passive income often requires upfront effort and investment, but it can provide a steady stream of income over time.**: Lend money to individuals or businesses through online platforms.
4. High-Yield Savings Accounts
Put your money in accounts that offer competitive interest rates.
5. Investment Funds
Invest in index funds, mutual funds, or ETFs that generate returns over time.
6. Create Digital Products
Write an eBook, develop an online course, or design software that can generate ongoing sales.
7. **Affiliate Marketing**: Promote products or services and earn a commission for each sale made through your referral.
8. Peer-to-Peer Car Sharing
Rent out your car when you're not using it through platforms like Turo or Getaround.
9. Create a YouTube Channel or Podcast**: Generate revenue through ads, sponsorships, and affiliate marketing.
10. **Royalties**: License out your creative work, such as music, photos, or designs, to earn royalties.
Remember, passive income often requires upfront effort and investment, but it can provide a steady stream of income over time.
Now how to generate active income
Active income you can be waiter in restraint or open your shop in small budget or drive car on salary or do job
Or you can learn skills and start freelancing is part of active income now days freelancing and amazon is trend most of the people's doing these I'n home and earning unlimited active and passive income
I suggest learn skills
And start freelancing or blogging
2 amazon fba
3 Shopify store
4 e-commerce
5 digital marketing
6 seo
7 sem
8 Web developer
9 app developer
10 graphic designer
Follow these steps and success is your