I actually went back to the post and looked closer. Out of the first 13 ways listed, only one requires that you have house. None of the rest require you to have a house or a car. Of course, there are 11 more ideas in addition to those first 13 and some of those do require you to start with an investment. However, there’s nearly always a way to create passive income if you are willing to put in the time and work involved. If you do not find something that works for you in this post, check out our other posts. If you’re constantly on the lookout for ways to create passive income I’m betting you will find a way that works for you. Be diligent and I bet you can do it, even in South Africa. Good luck!

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This article was co-authored by Michael R. Lewis. Michael R. Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas. He has over 40 years of experience in business and finance, including as a Vice President for Blue Cross Blue Shield of Texas. He has a BBA in Industrial Management from the University of Texas at Austin.
With two babies, and deserted by my husband, I had no choice but to work for myself. At the beginning it was hard. However, I soon realized that this was the best thing to have ever happened to me. I struggled with EVERYTHING to begin with, but as I mastered new skills I began making a good living without even leaving the comfort of my own home. Now I wouldn’t change my lifestyle for the world.
That’s a nice read! I love your many tangible ways mentioned to make passive income unlike certain people trying to recruit others by mentioning network marketing and trying to get them to join up and sell products like Amway, Avon, Mary Kay, Cutco or 5Linx. People get sucked into wealth and profits and become influenced joiners from the use pressure tactics.

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Passive income is the Holy Grail for online marketers. It's automatic. Effortless. But, not at first. In the beginning, it's grueling. I liken this to doing the most amount of work for the least initial return. However, over time, as your passive income begins to increase, your reliance on an active income plummets. That's when the real magic starts to happen.
Go over business proposals. Being a silent partner is not a completely inactive position. You can still review business proposals and usually have the right to vote on important company matters. Before investing or deciding on a large growth push, review the company's financial projections and business plans. Calculate the potential returns you could earn versus how much you stand to lose if the venture fails.
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Some people take it automated well before the year is up. When it converts, it converts. If you target the right people and you're able to create the right message that appeals to your audience, you might just hit a home run. An automated webinar often involves the creation of a webinar funnel. That includes, not only the webinar, but also the email sequences, and possibly a self-liquidating offer, and maybe some done-for-your services and up-sells.

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You don’t have to invest individually to take advantage of dividend paying stocks (i.e. investing in an ETF like DVY, which currently has a 3.16% dividend yield – almost 4%). And while your math is indeed correct, there is more to dividend paying stocks that just the math. The reason the companies pay dividends is typically because of their underlying strength, steady growth, etc. These companies can be good investments for the long run. As such, it might not make sense to sell.

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You don’t have to invest individually to take advantage of dividend paying stocks (i.e. investing in an ETF like DVY, which currently has a 3.16% dividend yield – almost 4%). And while your math is indeed correct, there is more to dividend paying stocks that just the math. The reason the companies pay dividends is typically because of their underlying strength, steady growth, etc. These companies can be good investments for the long run. As such, it might not make sense to sell.

What does passive income mean?


Agreed but I might consider a blended portfolio of large and small cap stocks using low cost mutual funds (I found a fidelity large cap fund FUSVX with a net expense of .035% that has also delivered 17%+ YTD gains, some are dividend some are growth stock in the fund) UNLESS you’re close to retirement. This way you get the growth upside on small cap paired with the stablilty of some large cap stocks while maintaining balanced ricks.

There are dozens of ways to generate passive income. However, the option you select has to do with two metrics: time and money. Either you have a lot of time or a lot of money. Most people usually don't have both. But, if you have a lot of money, generating passive income almost instantly is easy. You can buy up some real estate and begin enjoying rental income. Or, you can invest in a dividend fund or some other investment vehicle that will begin generating a steady income for you.

How can I make passive income in 2019?

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