Blogging and vlogging – Blogging and Vlogging require considerable time, effort, and money.It is required to post new videos at regular intervals to be on top of the algorithm. New videos are an active source of income, while older videos form a passive source of income. Youtube channel – Income is generated through ads viewed by viewers.There are several creative streams through which passive income can be generated. It is also called online passive income, as this is mainly carried over the internet. Communication, consistency, core knowledge, and creativity form the foundation to succeed in this method. This method requires an excellent creative mind as it is necessary to put some effort into certain unexplored regions. However, the amount can be allowed to compound over a period, making the money work for you 24/7.Īlso Read: Make Money Online in India from the Comfort of your Home Creative Method The traditional method also categorises investing in shares, bonds, futures, and options (with good knowledge).Īn initial investment of little money and time is required in this method.This is unlike shares and investing in real estate. E.g., if a company is investing in building an IT Park, which pays rent to the company, and you have purchased REITs of this company, a chunk of the rental income is paid in the form of dividends. REITs (Real estate investment trusts) – An investment where you don’t get a rental income, but you get income in the form of a dividend.The higher the number of stocks or shares, the higher will be the payout. Dividends through mutual funds – Dividends are paid at regular intervals on the stocks held.The risk involved in this is the repayment of mortgage and maintenance costs. Rentals from real estate – investing in a rental property is an effective way of earning passive income in India.Interest from FD – The initial amount invested gets compounded periodically, thus generating interest.Traditional MethodĪdditional income is earned from investments such as:. There are two types of passive income sources in India. To do so, you may need to commit some time or money up front to develop something, which will then help you produce income down the road with simply a little extra effort. The main objective is to earn money while relaxing. It is, in essence, money that does not require a lot of "active" labour to earn. Types of Passive Income Generation in IndiaĮarnings from a rental property or another business in which you are not actively involved are referred to as passive income. There are three usual categories of income, i.e., active, passive, and portfolio income. Earning income from multiple streams does not come with a limitation, unlike a regular 9 to 5 job where the income is fixed. It is one of the powerful methods to become and stay wealthy. But it is something the rich regularly engage in. The concept of passive income is not yet popular among the common folk. Thus, it involves a progressive growth of income where the earner must spend a certain amount of time to generate the revenue. Passive income can be earned by investing in financial instruments and businesses or offering services that grow in value with time. At this point, having a steady passive income has become essential for almost everyone.
Due to advancements in technology and medical facilities, humans are outliving their expected life expectancy. Passive income is any income generated with low effort, at least compared to the effort required to generate your primary source income.
0 kommentar(er)
