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If you go this route, make sure to diversify your portfolio by investing in companies in different sectors. Index funds are funds that hold stocks from several companies so that not all your eggs are in one basket.Īlso, many successful investors choose to hold what are called “blue chip” dividend stocks. Investing in index funds that hold dividend-paying stocks is one option. You want to know what you’re doing, so you choose stocks that have a solid history of good performance. This is one of the most popular of all passive income ideas since it is truly hands off.Īny time you invest money in the stock market, it’s important to do your research. Or you can take the money as a paycheck and live off of it. You can reinvest those dividends to buy more shares of stock. Many investors, including Warren Buffett, earn money by owning shares in stocks that pay dividends.ĭividend income is money paid to shareholders of stocks in the form of cash.Įvery quarter–or sometimes monthly–companies that have dividend-paying stocks issue dividend checks to stockholders. Dividend IncomeĮarning dividends is one of the most popular ways to make passive income. Read on to find your best passive income ideas to earn money while you sleep. Keep that in mind as you read our list of ideas for passive income.Ĭheckout my video on some of the top passive income ideas here:Īs you start researching, keep in mind the types of passive income that are in line with your skills and your passions.
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Some income is truly passive, which means it needs no attention from you.
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You’ll have to do some upfront work, but then the money just comes in. Passive income is income you earn from doing little to no work.