Let’s start things off strong with one of the newest passive income ideas Reddit had to offer – investing your hard-earned money into assets. What do we mean by assets exactly? Well, we’re talking cryptocurrencies, stocks, and dividend stocks. Both stocks and dividend stocks have a huge track record for making people passive income. Do your research, find a company or index fund with strong fundamental values and business models, and sit back and watch your investment grow over the long term!
To learn more about stocks, read our stock investment guide.
Whilst stock dividends and index funds are great for low-volatility investments, they can be pretty slow at building up interest. If you’re looking for faster results, you should be putting your money into crypto instead. The booming decentralized currencies fueled by blockchain technology have made thousands of millionaires over the last few years – who knows, perhaps you could be next!
If you want to learn more about it, check out our crypto investing guide.