Passive income is money that requires little to no effort to earn and maintain.
Building multiple streams of passive income is key for financial freedom, allowing you to make money even while you sleep. With some strategic planning and effort upfront, it’s possible to consistently earn $1,000-$2,000 or more per month in passive income.
After analyzing dozens of income ideas, here are 12 of the most proven ways to realistically make $1,000-$2,000+ per month in passive revenue:
- Dividend paying stocks pay shareholders a portion of the company’s earnings on a monthly or quarterly basis
- With a diversified portfolio of dividend aristocrats, blue chips, REITS, and high yield ETFs, you can reasonably target 8–10% average annual returns paid out as dividends
- To generate $1,000 per month (or $12,000 annually), you would need a portfolio value around $120,000-$150,000
- Top monthly dividend stocks include: Johnson & Johnson, Coca-Cola, Home Depot, PepsiCo, Walmart
- Rental real estate can…
