passive income question easy 10?
Most of my money is from earned income and some of it is capital gains. However, I would like to start making money from passive income. What would be some investment ideas from passive income, I know starting your own business is one, but what kind of business? What will bring a stream of income and long term profits? Any ideas...
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- Rentals such as apartments or houses would be a nice start.
- just buying bonds will provide you with income. but there's nothing passive about running a business.
- Bonds and Stock dividends are good types of passive income. Here's a book on Amazon that I liked: http://www.amazon.com/gp/product/0470125128/ref=s9_subs_c1_s1_p14_i1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-4&pf_rd_r=1M590HVESAWVFSDMAB01&pf_rd_t=101&pf_rd_p=463383411&pf_rd_i=507846 I don't think starting a business is passive. If you're passionate about the product or service, it might be more rewarding than working for somebody else, but not passive. Property is also in fact a lot of hard work too.
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