The IRS defines passive income as a rent recieved on a regular basis with little effort required to maintain it.
Here are some examples of ways you can earn passive income:
Some examples of passive income are:
Earnings from a business that does not require direct involvement from the owner or merchant;
Rental from property;
Royalties from publishing a book or from licensing a patent or other form of intellectual property;
Earnings from internet advertisements on websites
Residual income, repeated regular income earned by a sales person, generated from the payment of a product or service, that must be renewed on a regular basis in order to continue receiving its benefits
Pensions
Sorry, comments are closed.
Comment by
financeg
18 Nov 2009
Buy dividend producing stocks. The companies will pay out a dividend every period (quarterly/annually), and you’ll get more money for the more shares you own.
Renting property is not fun, trust me. Usually, what happens is that there’s a bunch of unruly first-year colledge undergrads, who will make a mess of the place, and annoy any neighbours. When they leave, you have to clean up after them; sometimes even renovate.
Comment by
- - - - - - - - - ¤ - ???- ¤ -
19 Nov 2009
You can purchase rental property and rent it out to tenants. You can write a book and receive royalties from it. You can also buy shares of stock and receive dividends and buy bonds and receive interest, although in the US, this considered “portfolio” income.
Comment by
Matt®
19 Nov 2009
There are many ways to make passive income:
- Build a website or blog and put ads on it
- Write articles or books or ebook and publish it
- Let Forex trading robot to autotrade for you
Comment by
Rich
19 Nov 2009
U can join my income opportunity. I will do all the work for you.
website.ws/onlineincomeseekers