8 Truly Passive Income Ideas + More Semi-passive Income Ideas
These truly passive income ideas require a one-time investment followed by zero future effort. There’s no upkeep, fuss, or muss, and these are some of the most straightforward passive income sources to implement.
Alternative assets, or alternative investments, are often headline news. Because traditional investments like stocks and real estate sometimes involve a lot of market volatility, and savings accounts only offer low-interest rates, people are looking for other options.
Talk to any landlord, and they’ll tell you that “passive” is the last word they’d ever use to describe the rental property management. However, many companies give you the ability to invest in commercial and residential real estate projects without being involved in the day-to-day management.
Keeping your savings in a high-yield savings account is clutch. The best high-interest banks are online-only, so you won’t need to mess with going into the bank to get started. And some pay as much as 0.70% interest per year.