The best passive income list ideas for Long Term Wealth
Passive income is a type of income that you will earn continuously even you are at rest, sleeping or doing nothing. However, this does not mean that you will earn money by doing nothing. Passive income still needs you to exert effort to get a job done, however once it is stabilized; it will continue to earn even you are sleeping.
Passive income is a very important type of income that every person should have, we all depend on our day job or daily livelihood to sustain a living and finance daily costs. However, if time will come that you will eventually cannot work due to some unavoidable natural reasons such as:
1.) The company you have work goes bankrupt. You are laid off with nothing to go.
2.) You are terminated from your day job because of illness.
3.) Other economic related problems that will result to company closure.
This is where passive income is important, even you are not at work, you are still earning on a daily basis (of course depending on the extent and profitability of your passive income generating assets).
The following are the best list of passive income generating assets that you need to possess and nurture on a daily or at least in a periodic basis. The more you exert effort on these assets at the early stage and the more you are consistent in nurturing it, it will have greater returns in the future that could possibly cover all costs.
1.) Starting a website or blog then using Google Adsense. Of course, you need original content and some promotion to get started. Starting a blog just for ad sense income is a big mistake. Make sure that you write a content consistently for your readers, write with a non-financial purpose – aiming to help someone is great.
Average daily income (for small sized blogs) = $0.2 dollars per day
URL to check: www.google.com/adsense
2.) Investing your money in Treasury bonds – you need to open a bank account and check with them if they are offering treasury bonds as one of their products. If they have, invest some of your money in it.
Average daily income = $0.5 dollars per day for a minimum investment of $3000 dollars.
3.) Use infolinks in your blog – this is similar to ad sense and it can pays well. Of course, the same purpose with ad sense – you need to have lots of original and quality content in your website.
Average daily income = $0.2 dollars per day for a small website or blogs.
URL to check: www.infolinks.com
4.) Advertise third party websites in your blog – of course this will only possible if your blog has lots of visitors already that third party websites are willing to have their banners placed with a monthly rental fee. This is not hard, if you have at least 100 unique visitors per day then you can get an advertiser.
Average daily income = $1.5 dollars per day for a website with at least 100 unique visitors
5.) Amazon affiliate – you can earn money by just selling amazon products in your blog;
Average daily income = $0.15 dollars per day for a small sized blogs.
URL to check: https://affiliate-program.amazon.com/
6.) High yielding bank accounts – there are banks offering optimum savings account with high yielding interest rates. Consult with your bank and asked them what are their best offer:
Average daily income = $0.4 dollars per day for a minimum bank balance of $8000.
So if you invest time and effort diligently with all the assets above, the total combined daily average is around $2.95 of passive income that translates to an additional monthly income of $88. Not bad but remember this will further grow even if you are sleeping; much more if you are working on it.
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