Passive Income Source of Money Making

Passive income - An excellent source of making money.

While your occupation remains to be the primary source of income for a nominal lifestyle, you can very well generate a good deal of passive income which would be of great help to lead a fabulous living style, even at the time of your retirement, on termination of your services or even during a temporary break in your service.

There are different forms of passive income that could be generated through multiple streams listed here as under:

• Interest income through savings and deposits.
• Rental income through real estates.
• Royalty income earned by way of selling creating ideas online.
• Dividend income by way of investments in the stocks and shares.
• Residual income like that of the commission being paid to the LIC agents during the entire tenure of the policy.

Types of passive income:

There are two distinctive types of online passive income ideas.

Sources of passive income that require capital investments at the initial stage and nurture.

Sources of passive income that do not require any initial capital investments.

The one who chooses the former need to have a sound background, having utmost financial stability to initiate the huge sum required to reciprocate the investments in the lump sum. Investments made in real estates, peer to peer fund lending, crowd funding and a lot more some examples of Passive Income Streams that requires capital investments initially to ensure a better rate of return passively.

The latter would be the best choice those who makes the best use of their skills and talents as their investments and some examples include business blogging, writing e books, virtual assistance, affiliate marketing, online courses, developing niche sites, etc., to be made available to the general public for the purpose of yielding some quantum of income passively.