Investing in a business is one best way to make passive income | Go X. This can be done in the form of an existing business or by starting your own. It’s a bit risky but could be a great way to get a return on your investment. It’s also a great way to reduce your tax burden. However, you’ll need to consult a tax professional before you go down this route.
How can I make 5k in a month?
If you have a good idea for a product or service, you can sell it online. This can include physical products or digital content. Selling something that you made can earn you a nice return on your investment.
You can even buy a successful blog or a video course and turn it into a moneymaker. You can also hire a team to create an app or game to earn you some extra money.
If you have a knack for photography, you can earn some money by selling your photos to stock photo websites. These sites pay you a commission for every photo you upload to their site.
You can also create a video course or app that will teach people how to do a thing or two. There are lots of online platforms that make this possible. You can also sell greeting cards.
A good way to achieve this is by renting out your driveway, garage or storage space. You can also rent out rooms in your apartment. You can even list your car on sites such as Turo to get a second income.