This means you not only get to create wealth passively you also get to choose how much risk you are willing to take. You can choose mutual funds based on your risk appetite and timeframe. Investing in mutual funds is one of the best ways to generate passive income. Buying a house takes years if not decades. The average property growth rate in India is pegged to be 5.4% per fiscal since 2016. You may run the risk of choosing a bad location, the house being unrented for long periods of time, and other risks. It isn’t the easiest or the safest path to passive income.
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More importantly, there is very little liquidity in real estate. This is a difficult move in today’s economic situation. This means you work hard to collect whatever money is required to pay for your first rental property. Owning land, property or even storage space can be a great way of generating passive income. Given below are some of the best passive income ideas: Idea 1: Rental Income The meaning of passive income for most Indians, however, is income coming from rent, partnerships, businesses where they aren’t doing any high-effort work. What passive income means essentially is that you can make money regularly by putting in a lot of concentrated effort over a short period of time. Passive income is a concept that is becoming popular and a lot of people are seeking ways to generate passive income.
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Passive Income is defined as income that you have to put in little or no effort for. The interesting thing is that you may be equipped to generate passive income through several means.īefore we talk about all the different ways to generate passive income, let’s dig a little deeper into what passive income means in simple terms. In this blog, we will touch upon some of the best passive income ideas for Indians.