5 Passive Income Ideas to Boost Your Earnings
What is Passive Income?
Passive income is income from things you are not doing actively, like investments or side business.
1. Dividend Stocks
Investing in companies that pay dividends can help you generate income based on your shareholding.
2. Rental Properties
Real estate is one of the most favoured investments in India. You can buy residential or commercial properties and rent them out.
3. Investing in Bonds
Bonds are debt securities issued by governments or corporations. By investing in bonds, you can earn regular interest payments.
4. Peer-to-Peer Lending
Use online platforms to lend money to peers and earn high interest on loans.
5. Freelancing
Use your skills, like writing, blogging, and coding, to generate income with minimal effort.
Start Building Your Passive Income Today!
Passive income takes time and effort to build, choose wisely based on your risk tolerance.
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