15 Best Residual Income Ideas

These residual income ideas are perfect if you need money now or want to earn extra money in the long term.

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What is Residual Income?

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15 Residual Income Ideas

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1. Peer-to-Peer Lending

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2. Invest in Real Estate

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3. Invest in REITs

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4. Invest in the Stock Market

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5. Make an App

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6. Create an Online Course

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15 Best Residual Income Ideas

These residual income ideas are perfect if you need money now or want to earn extra money in the long term.

What is Residual Income?

Residual income means that you make money after you’ve done the initial work. You have invested time, money, or both.

15 Residual Income Ideas

1. Peer-to-Peer Lending

With peer-to-peer (P2P) lending, you can loan your money to people, your peers. They will pay you back with interest.

2. Invest in Real Estate

Purchasing rental properties and investing in real estate is a classic way of creating residual income. Real estate investing is great because you get a steady stream of side income with many potential upsides.

3. Invest in REITs

If you’re not up for buying a property, it is possible to invest in real estate through Real Estate Investment Trusts (REITs). REITs are companies that invest in real estate, and you can get a share of their rental income.

4. Invest in the Stock Market

There are dozens of companies that can help you to start investing. Some companies support you when you set up your own portfolio, while others will create a portfolio based on your preferred risk allocation.

5. Make an App

If you have some high-income skills like programming or coding, creating an app is a great way to make residual income. You could create a gaming app or a to-do list app, for example.

6. Create an Online Course

Do you have specific knowledge that others want to learn? Create an online course. Online courses are gaining in popularity, making it a great way to create residual income.

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