In today’s economy, having a passive income seems to becoming more of a necessity than something of convenience.
Consider Rental Income
A passive income idea to consider is real estate rental income, where you can rent out homes, apartments and office spaces that you own to generate a healthy monthly or annual revenue. If you don’t have property to rent out, you can consider renting out other things you own for some rental income. Your car is an example, if you have two cars or a car you don’t use so often, you can rent it out for use as a taxi, you only need to ensure the agency or driver is a trusted one and your car is safe with them. If you happen to have a film camera, you can also rent that out and make some income from that. Basically, anything you have that can be rented out to earn some rental income, should be considered.