Invest in resource royalty trusts. Royalty trusts are investment vehicles provided by major banks that provide royalty payments from the extraction of natural resources, like coal and natural gas. The trust itself has no involvement in the mining or production of these materials, but earns regular royalty payments that are then distributed to shareholders. The exact royalty payment depends on the volume of resource sales and the market price of the resources, but investors are seeing high yields, sometime higher than 10 percent.[8] 

What are the 7 sources of income?

Holly Johnson, a professional freelance writer who earns over $200,000 per year creating online content, is another successful entrepreneur who is doing well with course sales. Johnson launched her Earn More Writing freelance writing course in 2017 and has sold over 700 courses for $199 each since then. In January of 2019, she also launched a “Pro” version of her course that retails for $349. She sold 40 on the first day.

passive income no money

I used to be wary of Ebates (now called Rakuten) because I thought the cashback didn’t amount to much, but now I love it.  I’m converted!  To earn money through, all you have to do is sign in and then look for your online retailer and shop through the portal.  Then you get cash back in a few days (it says on the website).

How much money do you need to make passive income?