Top Passive Income Ideas

Passive income refers to income that does not require too much effort in terms of money, time, and resources.

It does not warrant active participation, and you need not devote fixed dedicated hours to build a passive income. Unlike regular income, passive incomes require little maintenance.

Passive income helps you earn a little extra. Every penny earned matters, and you can deploy the funds to build an emergency fund, start a systematic investment plan in mutual funds, etc.

Passive Income Idea

1. Giving Property on Rent

2. Non-cumulative Fixed Deposit - Non-cumulative fixed deposits can serve as a potent source of passive income.

3. Dividend Options in Mutual Fund

4. Saving Account Offering a High-Interest Rate

5. Peer-to-Peer Lending - If you have money to lend, getting yourself listed on peer-to-peer (P2P) lending platforms can help build a prudent source of passive income

6. Freelancing in Various Domain

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