15 Best Residual Income Ideas

Creating streams of passive income to make money while you sleep helps you build wealth over time. It will make sure you increase your liquid net worth and work toward any financial goals you have set for yourself.  

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

In the digital age we’re currently living in, there are dozens of opportunities to earn residual income. If you want to make money online or create multiple streams of income, this is for you.

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.

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. 

3. Invest in REITs

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. 

4. Invest in the Stock Market

- Check out robo-investors. - Manage your own portfolio - Invest in index funds.  

There are several ways of investing available: 

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.  

5. Make an App

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