
Episode 83 - Passive Income Ideas That Can Make You $5,000 Per Month
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About this listen
Summary:
In this episode, I share 10 proven ideas that help you build up to $5,000 in monthly passive income. Whether you're creative, tech-savvy, or prefer investing, there’s something here for everyone. Here are the top strategies:
1. Real Estate Investing – Buy rental properties and earn monthly cash flow while building equity.
2. Dividend Stocks – Invest in companies that pay regular dividends for passive portfolio income.
3. Create an Online Course – Package your expertise into a course and earn sales over time.
4. Write an ebook or audiobook – Publish and collect royalties on platforms like Amazon Kindle or Audible.
5. Peer-to-Peer Lending – Lend money on platforms like LendingClub and earn interest passively.
6. Affiliate Marketing – Promote products and earn commissions through your blog or social media.
7. Start a YouTube Channel – Monetize videos through ads, brand deals, and evergreen content.
8. Create a Mobile App – Develop an app that earns income through ads, fees, or subscriptions.
9. License Photography or Artwork – Upload to stock sites and earn royalties every time someone downloads your work.
10. Sell Digital Products – Design templates, planners, or printables and sell them online.
The key to building passive income is starting with what you know and scaling from there. It doesn’t happen overnight, but with consistent effort and smart planning, you build income streams that pay you long after the work is done. Pick one idea, get started today, and watch your financial freedom grow.