I started my carrier by working in an office for many years (what people call 9 to 5, but I called 9 to 9 when I was lucky…) and I got burnt out. Its very frustrating to work on daily basis where you end up being a loser every day dedicating your valuable time & energy to build their dreams.
A while ago, I decided that I wanted more freedom. I really couldn’t spend another 30 years in an office, working 60+ hours a week! But in order to have freedom, you still need to make money somehow. That’s when I really became obsessed with passive income ideas and ways to make money while you sleep!
After watching many videos from YouTube & Learning books on Passive Income, I knew there had to be ways to make enough money to replace my full-time job with passive income, but I had no idea where to start. So I began researching how to make passive income a reality.
But is it really possible to make money doing nothing?
The definition of passive would mean earning an income without having to do anything at all. Wouldn’t that be amazing?
Dreaming is nice, but the reality is a bit different. Although there are some residual income opportunities that require less work than others, most passive income ideas need you to put in some effort at the beginning.
But the amazing thing about passive income is that no matter how much work you have to put in to start with, later down the line you will start to make money with a minimum amount of effort. If the only way you have to make money is to go to the office, you will never be able to quit!
Why passive income?
During the last 3 years, I have been working really hard to find the best ways to earn money for my ultimate goal: FREEDOM! I want to have more time to do all the things I really love: spending time with family, traveling the world and enjoying a flexible schedule. In order to do that, I had to find ways to make passive income a reality.
The great things about passive income are:
- Passive income isn’t dependent on how many hours you work: once your income stream is set up, you can make money with little work needed to maintain it. Isn’t this alone a great motivation to find your passive income stream?
- It requires you to put in the work upfront, but you will then be able to generate revenue day after day!
- You will have more time to do what you love, while still being able to make money and pay your bills.
But there is one thing I really want you to remember which I learned during these years:
Passive income is not EASY: it takes time and hard work to build. Whether your passive income stream will come from a product or investments, you need to have the motivation to create it in the first place!
But if you put in the hard work and do your research, you will learn how to make money while you sleep.
Best Passive Income Ideas
Below you will find all the passive income ideas I researched during the years (including the things I am doing to build my passive income stream). Some of these passive income ideas require more work than others upfront, and some of them come with financial risks that you will have to evaluate before jumping in.
I classified these money making ideas by:
- MONEY: the amount of money you’ll need to have to generate a significant passive income.
- RISK: how risky this passive income idea is. This will also depend on your risk tolerance.
- TIME: how much time you will need to put in, which could be research time at the beginning or actual work to set up your passive income stream.
- GAIN: how much passive income you can generate. This is based on an average. Every passive income idea can generate an amazing gain (or very little if poorly executed, or if dependent on external factors).
This score, of course, is just based on my view and experience.
Investing money you already have:
If you are able to save money, or you already have a substantial amount of funds sitting in your bank account, there are plenty of passive income opportunities for you to chose from.
1| Investing In Education
What kind of education? Learning how to trade options & make profit consistently!
Intraday trading in options is one of the most demanded skill, but many are not able to succeed in this filed due to lack of knowledge. Investing yourself in learning the skill to predict the future option movement using Technical Analysis is one of the Key skill which gives you freedom to trade independently without Tips or any advice.
Many new traders start trading based on small understanding form YouTube & they try to apply real time which lead them to huge losses, after these circumstances they look for searching for training courses to learn how to trade profitably.
So, I would recommend you to start learning right at the beginning stage where you will gain key insights from professional traders, which helps you to grow your trading account significantly.
To start investing in stock open a Free Demat account from India’s Leading stock broker; ZERODHA
2| Options Hedging strategies
Do you know we can generate consist income from Hedging weekly & monthly options from Major Indices by various strategies we can generate consist income every week!
Do you know we can sell weekly Bank Nifty options & collect premium every week leading to generation of consist income, do you want to learn howto generate consistent income by selling weekly options click her how it is done!,
We have developed E-Courses based on options trading strategies for generation consistent profits no matter what the market direction is, weather the market is Up or Down or trading side ways we can generate consistent profits by Hedging strategies, which we teach in E-Courses, to Learn more here are the helpful material:
Following is the most demanded E-courses:
Options Trading Master‘s course: Click Here
3| Start A Blog
Really? Yes really! Blogging isn’t 100% passive and requires A LOT of hard work in the set up phase. Believe me, I did it! It took me 3 months before I launched to generate enough good content, and don’t trust anyone who tells you that you can create a money-making blog in a week!
But what I found out myself is that if you put in the hard work, and you are clever about what you write about, you can quickly generate traffic, and TRAFFIC = MONEY.
You can generate income by adding ads to your blog, or you can generate money using affiliate marketing. With affiliate marketing, every time people click on affiliate links on your site and make a purchase, you receive a small commission at no additional cost to them.
I managed to get over 180,000 page views and earn over 3,00,000 after 3 months! by Blogging!
And if I did it, you can do it too!
4| Write An E-book
Writing an E-book requires a bit of time investment upfront, but it can be an amazing source of passive income month after month. And with digital technology, it has never been easier to become an author!
If you love writing content, you won’t find it hard to write an 80-100 page e-book on the things you love. Make sure you pick a profitable niche and you market your book through bloggers and influencers in that niche. Non-fiction e-books that educate your potential audience on specific topics like finance, online marketing and business are going to make you more money than fiction books. Of course, there are always exceptions and you could write the next Harry Potter book, but if you want to create some residual income opportunities quickly, I would suggest you go for what sells first!
Using the Amazon Kindle Direct Publishing platform is an easy way to get your e-book on Amazon as quickly as possible and start making some money!
5| Set Up Your YouTube Channel
I won’t lie: it’s not easy to make money out of a YouTube Channel. You will need to create quite a lot of video content before you can start to earn any significant amount of money. But if you pick the right target, and manage to create great and useful content, you will be able to get organic traffic from YouTube and Google.
You will make money by display ads on your channel, and get paid every time someone watches your videos.
On the plus side, great quality video content is relatively scarce, compared to text-based content. Also, people prefer watching a 5-minute video recipe, than reading a long set of instructions. The market is less competitive. If you have great video and editing skills, you should give it a try!
What’s the bottom line?
Passive income through any of the passive income ideas above requires work but IT IS POSSIBLE to make money while you sleep! No matter what ideas you go for, you might have to sacrifice time and more, but if you want it badly enough it will be worth it!
My favorite passive income ideas (mostly because I am working on it already and can see the results) are:
- Intraday options Trading
- Monthly & Weekly options Hedging strategies
- Writing A Blog with YouTube updates
And I am seriously looking into:
- Writing An E-book
Are you interested in any of these passive income ideas? Yes or No?
What are the best passive income ideas that will work for you?
Follow us on YOUTUBE for more money-saving hacks and financial tips!