8 Passive Income Ideas to Boost Your Earnings!

Welcome to wayuphil! In this video, we explore eight ideas for generating passive income streams—ways to earn money with minimal ongoing effort. Whether you're looking to supplement your income or achieve financial independence, these passive income ideas can help you get started.

What you’ll learn:

Rental Properties: Earn passive income through real estate investments.
Dividend Stocks: Invest in companies that pay regular dividends.
Peer-to-Peer Lending: Earn interest by lending money through P2P platforms.
Digital Products: Create and sell e-books, courses, or software online.
Affiliate Marketing: Promote products and earn commissions on sales.
Royalties from Creative Works: Earn passive income from artistic creations.
Real Estate Investment Trusts (REITs): Invest in income-producing real estate.
Automated Online Businesses: Set up e-commerce stores or dropshipping businesses.