Updated: Dec 24, 2019
When most people think about getting a passive income, they usually think they will spend the entire day doing nothing. While this is possible if this is what you want, some people tend to use this free time they have to do some things that are more fulfilling to them.
There's no question that when you have a high passive income, this means that you won't need your 9-to-5 job again. After all, you will have the financial freedom that most people look for during their entire lives. So, how can you get your passive income?
Before we show you the three best ideas to get a passive income in 2020, it is essential that you keep in mind that passive income is when you continue to get paid after your work is already complete. If you think about celebrities of popular music groups, then you may already have that some of them keep earning a passive income from a movie, a song, or even from a book they wrote. But this is only a way to get passive income.
How Much Can You Earn?
The truth is that if you have been reading about passive income for some time, you already found a significant percentage of enormous success stories online from people who can be getting $20,000 or more each week. Well, it is necessary that you look at these situations with cautious since getting a passive income is not a short-term strategy. The best thing to keep in mind is to do different things that you like, and that can contribute in any way to your passive income. Notice that some of them will involve work while others won't.
So what are the 3 Ideas To Get A Passive Income In 2020?
#1: Sell Information Products Online:
With more and more people online looking for information about the most varied topics, you can be sure that you will be able to find a clientele if you have an excellent product to sell.
The reason why we are emphasizing online is that this way, your costs will be a lot lower.
Besides, one of the things that many people will tell you is that you should only write about something that you know. However, when you are trying to get a passive income in 2020, you should look for what is trending right now, when you have the idea, head into a freelance website and have someone write this for you. Yes, you will need to pay for it, but the amount will be ridiculous, and you won't need to do any work at all.
#2: Investing in A REIT:
One of the things that you may not know is that you don't need to have a property to invest in real estate. One of the best tools you can use is a REIT or Real Estate Investment Trust, which is a high-yielding real estate asset that produces passive income.
Ever since 2015, that podcasting is booming. After all, no matter if people are on their way to work, at work, or only at home, they love to listen to their favorite podcasts. So, make sure that you pick a great topic and start one yourself.