In this article, I’ll provide 7 realistic ideas that you can use to earn between $1,000-$2,500 per month in passive income.
Generating passive income is the dream for many people. Who wouldn’t want to earn money with little to no effort required on an ongoing basis?
With the right strategies, you can create multiple streams of passive income that can add up to a nice amount each month.
Idea 1: Invest in Dividend Stocks
Dividend stocks are one of the most common ways to earn passive income. The concept is simple — you invest in stocks that pay out dividends, usually on a quarterly basis.
For example, if you invest $100,000 into stocks with an average dividend yield of 3%, you’ll earn $3,000 per year or $250 per month in dividend payments. To earn $1,000 per month, you’ll need a portfolio of dividend stocks totaling around $350,000 invested.
Idea 2: Invest in Real Estate
Real estate investment trusts (REITs) provide exposure to real estate while also generating passive income. REITs own commercial properties like apartments…
