High Return Passive Income

Open a high yield account.

High return passive income. One ultra simple source of income that can help kick your finances into gear is opening a high yield savings account. Dividend paying stocks and other investments. And no matter what those income generating assets are there are only two ways to. A high yield savings account pays better interest than the traditional savings account and it is much safer as you are not in any danger of losing your money.

After all earning money without actively working for it once you clear a few hurdles is a sweet deal and a great. Unfortunately according to a recent study only one out of four filipinos have one so we hear a few stories from jessica soho s show on families who couldn t exchange their old bank notes they ve saved in piggy banks for so many years. The first passive income idea on this list does take some start up cash but it absolutely helps me earn more than 1 000 per month. Real estate is one of the best passive income strategies.

Opening an account is one of the very passive if not boring way to earn residual income. Many banks now offer an online saving account that exceeds the rates of return you d get from your local brick and mortar bank. Other passive income ideas require little or no efforts up front such as investing money in stocks that pay dividends. Currently my favorite passive income source is real estate crowdfunding real estate crowdfunding enables individuals to buy a percentage of a commercial real estate project that was once only available to ultra high net worth individuals or institutional investors.

Passive income ideas with real estate. It s important to note that generating passive income always requires an investment of some sort whether that s money time or effort. Passive income doesn t magically drop from the sky. That s how to make passive income online.

High yield savings account yes the lowly savings account is the easiest passive income anyone can find. The s p 500 has a fund called the s p 500 aristocrat fund that has over the last five years had returns of 17 56. The two approaches to generating passive income. Consider that locking 10 000 into a gic at just 1 will generate just 100 per year.

Enbridge is a high yield stock worth considering dividend stocks are yielding more than gics too. It is generated from existing assets. Invest in high yield savings to make passive income.