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Dividends:
What are dividends? Dividends is an amount of money the stock you invested in gives you, some examples of stocks that give dividends are: American Electric Power and Coca Cola. Every stock is different, some might give you low dividend, other high, and other might not even give you any dividends.
You need to know that this investment also has risk since companies can change the amount of dividends they give, If a company goes through hard times, the might not even be able to pay dividends to their stock holders.
The S&P 500 has a 1% dividend, it is low, but safe.
Real State:
Yes, I know it, the oldest trick in the book, but please keep reading. Real state doesnt always mean to buy a house and put it for rent, we just talked about dividends. There are some companies called REITs(Real State Investments Trusts), these are real state companies, they will give you dividends for all the real state they could buy with your money.
Peer to Peer Lending:
This is as it sounds, you give money to people and expect the money back with interest, people use apps like Prosper to make this process easier. I recommend you having a diversified portfolio for decreasing risks.
Domain Names:
Simplified, you buy domain names that you think they will have any value in the future so you can resell them. You will have to pay annual fee to keep the domain. The risk here is that you need to sell the domain, you might not find a buyer and lose the initial investment, you can find domain for under $10
Vending Machines:
This method is a semi-passive income since you can make it passive buy paying a friend or someone to restock the machine, but basically you just need to buy a Vending Machine and products in bulk, you can probably start this business with a grand or two. Restocking isn't that big of a deal so it will be mostly passive income.
What are dividends? Dividends is an amount of money the stock you invested in gives you, some examples of stocks that give dividends are: American Electric Power and Coca Cola. Every stock is different, some might give you low dividend, other high, and other might not even give you any dividends.
You need to know that this investment also has risk since companies can change the amount of dividends they give, If a company goes through hard times, the might not even be able to pay dividends to their stock holders.
The S&P 500 has a 1% dividend, it is low, but safe.
Real State:
Yes, I know it, the oldest trick in the book, but please keep reading. Real state doesnt always mean to buy a house and put it for rent, we just talked about dividends. There are some companies called REITs(Real State Investments Trusts), these are real state companies, they will give you dividends for all the real state they could buy with your money.
Peer to Peer Lending:
This is as it sounds, you give money to people and expect the money back with interest, people use apps like Prosper to make this process easier. I recommend you having a diversified portfolio for decreasing risks.
Domain Names:
Simplified, you buy domain names that you think they will have any value in the future so you can resell them. You will have to pay annual fee to keep the domain. The risk here is that you need to sell the domain, you might not find a buyer and lose the initial investment, you can find domain for under $10
Vending Machines:
This method is a semi-passive income since you can make it passive buy paying a friend or someone to restock the machine, but basically you just need to buy a Vending Machine and products in bulk, you can probably start this business with a grand or two. Restocking isn't that big of a deal so it will be mostly passive income.
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