8 Ways to Earn a Passive Income Without Rental Properties

earn a passive income without rental properties

Rental properties. People either love them or absolutely hate ’em.

Personally, I love rental properties and wish I had ten of them right now. Our rental is fully paid for, its value has already gone up considerably since 2015, we get our rent on time every month, and we do absolutely nothing! In my opinion, rentals are one of the best forms of passive income ever!

But, many of you don’t share my enthusiasm when it comes to rental properties. You can’t stand dealing with people, you hate making multiple repairs a year, you’re no good at running background checks and finding good tenants, and you’ve probably had 101+ other bad experiences when you tried to make a buck in rental properties back in the day.

You simply don’t. want. to mess. with rental properties. any. more.

Got it.

So let’s look at some other fantastic ways to earn a . . . → Read More: 8 Ways to Earn a Passive Income Without Rental Properties

What is Passive Income and How Can You Earn It?

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Have you ever heard of passive income? How about regenerative income? These terms don’t often come up in general conversation, but if you learn what they mean and earn money passively, you could become very wealthy in the not-so-distant future.

What is Passive Income?

Most of us have only ever been taught about earned income. This is where you go out into the world, find a job that pays a certain amount of money per hour or yearly (with a salary) and work just hard enough not to get fired. This way the company gets a certain amount of work done for them and you receive a steady paycheck each week. If you want to earn more money, you either have to prove that you’re worth more than your paycheck, or you have to find a side-job that will pay you money for those hours.

With this earning . . . → Read More: What is Passive Income and How Can You Earn It?

East Side Lenders on How to Make Your Income Passive Income

Have you ever heard the term passive income? If you are a regular reader of this site, there is no doubt that you have. If you have not, passive income is simply an income that is continually generated through no work (or very little work) from the one receiving the checks. Much of the time, the passive income business requires a large amount of work up front with no money promised whatsoever. It is only after this enormous amount of work do the checks actually start rolling in, that is, if your idea is a good one.

East Side Lenders Examples of Passive Income

There are some passive income sources that are fairly common, yet you may not have thought of them as passive:

1) Books – Authors often do not make money until their books actually sell. So, they spend a great deal of their time slaving . . . → Read More: East Side Lenders on How to Make Your Income Passive Income

Should I Sell My House For Passive Income?

Do you ever have radical ideas about how to make more money in your life? I sure do! It seems like every single day I think of some other crazy way to make money. Often times I just write them down to come back to later (there simply aren’t enough hours in a day to try all these different ways to make more money), but I simply can’t shake this idea from my mind. I’m wondering if it might be a good idea to sell my house and invest the equity in a passive income opportunity.

My House

I bought my house as a foreclosure for $75,000 in August of 2011. I spent over a year making updates (and am actually still making updates yet today – apparently, it never ends) and in its current condition I could probably sell it for $125k. With my loan currently at . . . → Read More: Should I Sell My House For Passive Income?

Two Ways to Build a Passive Income

The term “Passive Income” is thrown around quite a lot these days, but I feel like many of us don’t really have a good handle on what it means. In short, it basically means that you’re getting paid for an action that you took a while ago. In other words, your payment is not dependent on the number of hours you put into your work. Instead, you are getting paid because you set up a system of wealth creation in the past, which may be recent or many many years ago. In order to receive this passive income, you would have to choose one of two options: either you would (1) invest your time, or (2) invest your money.

Invest Your Time

Since many of us don’t have tens of thousands of dollars to invest, the only thing of value that we have is our time. And, whether . . . → Read More: Two Ways to Build a Passive Income

Digging into Residual Passive Income – Part Two

Do the work once, get paid over and over again. That is what residual passive income is all about. It’s the royalties that authors, song writers, and performers get paid. It’s the continuing income stream to which some financial brokers have access, and it’s more.

Last time (in Part One of Digging into Residual Passive Income), I covered careers (achievable and creative) that provide an opportunity to earn residual income. In today’s post, you will hear about ways to obtain residual income outside of a career.

Investments Invest to earn income and dividends.

This one isn’t quick or easy, I’ve only accomplished it after a lifetime of work and savings. You can have residual income from investments in the market through dividends and interest. If you invest enough, are wise in your investment choices and lucky in the way the market runs, you can make enough from this . . . → Read More: Digging into Residual Passive Income – Part Two

Digging into Residual Passive Income – Part One

creating passive income

Do the work once, get paid over and over again. That is what residual income is all about. It’s the royalties that authors, song writers, and performers get paid. It’s the continuing income stream to which some financial brokers have access, and it’s more.

Derek has written about passive income multiple times – creating income streams outside of your day job that require little if any effort. So how is residual income different than passive income?

Residual income (to me) is money that just keeps on rolling in on a regular basis, that you are not doing a darn thing to earn, because you already did the work to make it happen. It is passive income, but with a narrower definition.

How can you get into this wealth stream – especially if you aren’t a world famous author or the next hot singer?

This . . . → Read More: Digging into Residual Passive Income – Part One

Retirement Planning: Lump Sum or Yearly Income

Everyone seems to have their own retirement strategy. While some people seem to be misinformed, personalized retirement plans are generally a good thing. Everyone’s life is different so it only makes sense that their retirement plan follows suit.

Yet at the same time, there are typically two distinct philosophies for retirement planning. These two philosophies aren’t anything new. While almost all employers have replaced pension plans with 401k or 403b investment accounts, even when pensions were popular, there was still a difference in how everyone approached retirement. The two predominant choices are and always have been: lump sum or yearly income.

While it is too simplistic to suggest that one approach is always “better” than the other, there are clear advantages and disadvantages to each retirement strategy. Each has its own risks. If you are trying to work out your retirement plan, you may be interested in the . . . → Read More: Retirement Planning: Lump Sum or Yearly Income

Could You Retire Before 40?

Have you ever thought about retiring before the age of 40? Do you think that it would be at all possible? Well, if you still have 5 years or more before that 40th birthday, I wouldn’t count you out of the running! There isn’t a large percentage of people that retire before 40 today, but I don’t think it’s as difficult as one would think. With a little planning and discipline, I’d say that a retirement party before the mid-life crisis is entirely possible.

The Traditional Retirement

Did you know that I used to be involved in a few different multi-level marketing businesses? While I didn’t get rich with these ventures, I learned to question the typical retirement plan. For roughly 95% of the population, working hard and retiring with a nest egg after 45 years of work is the norm. But, why wait until you’re 65? Why . . . → Read More: Could You Retire Before 40?

What Doesn’t Count As Passive Income

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This guest post has been written by Invest In 2012, who aims to help you become a better, more profitable investor in 2012.

Passive investing is a rather attractive model when you think about it. While earning money from your job, you can invest your earnings in the markets and watch your capital increase over time. There are a ton of posts out there telling you how to invest passively, but before you do so (if you intend on doing so), you at least need to know which markets, as a passive investor, you MUST avoid.

Currencies

Unlike stocks, which if you base it off of the S&P 500 that increases at approximately 7% year over year, currencies do not appreciate over the long run (rather, they depreciate if you stick it under your mattress due to government money printing). Currencies simply fluctuate. Currency “investors” aren’t investors at . . . → Read More: What Doesn’t Count As Passive Income