What are people's top ideas for passive income?

What are people’s top passive income ideas? i.e. ways to make money even while you’re asleep.

Dividends :money_mouth_face::money_mouth_face::money_mouth_face:

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Rich parents. I would love to have an ‘allowance’.

Instead I have to earn every single last blasted penny; whilst my boy gets to live at home rent free, all his food paid for, spend all day swanning around with his mates, no appreciation for money!

“But I’m only 6 daddy”
“Shut up sponger, and get a real job!”

19 Likes

Creating a product can be a good source of income. You come up with a good product, maybe something that solves a personal issue that you have or that is related to a hobby or field where you have particular knowledge/expertise.

You can then list it online on Amazon or wherever and have products made to order.

Also @stephen you made me laugh haha

2 Likes

@stephen That’s funny!

Staking proof-of-stake coins to secure its blockchain’s network and validate transactions can earn you some serious dividends. It uses far less electricity compared to proof-of-work / mining coins.

  • Proof-of-stake = staking e.g. NEO, ARK
  • Proof-of-work = mining e.g. Bitcoin

Caveat: Cryptocurrencies are very volatile. Max 1% of total liquid assets should be allocated to cryptos, the rest in FreeTrade’s investable universe of course. :smiley:

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