How to make $1000 a month passively?

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By Nick

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Looking to make some extra cash? The Motley Fool suggests seven ways to earn an additional $1,000 a month through passive income. These include investing in US Treasuries, renting out your yard or car, buying rental real estate, publishing e-books, becoming an affiliate, and selling online courses. With a little effort, you can start earning more money without having to work extra hours. So why not give it a try?

Passive Income: 7 Ways To Make an Extra $1000 a Month

Passive income is a great way to make money without having to put in a lot of effort. It’s a way to earn money while you sleep, and who doesn’t want that? In this article, we will discuss 7 ways to make an extra $1000 a month passively.

Buy US Treasuries

Investing in US Treasuries is a great way to earn passive income. US Treasuries are considered one of the safest investments in the world. They are issued by the US government and are backed by the full faith and credit of the US government. You can buy US Treasuries through a broker or directly from the US Treasury website.

Rent Out Your Yard

If you have a big yard, you can rent it out to people who need space for events or storage. You can advertise your yard on websites like Craigslist or Airbnb. You can charge by the hour or by the day. This is a great way to earn passive income, especially if you don’t use your yard very often.

Rent Out Your Car

If you have a car that you don’t use very often, you can rent it out on websites like Turo or Getaround. You can charge by the hour or by the day. This is a great way to earn passive income, especially if you live in a busy city where people need cars but don’t want to own one.

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Rental Real Estate

Rental real estate is one of the most popular ways to earn passive income. You can buy a property and rent it out to tenants. You can charge rent every month and earn passive income. You can also hire a property manager to take care of the property for you.

Publish an E-Book

If you have expertise in a particular subject, you can write an e-book and sell it on Amazon or other e-book platforms. You can earn passive income every time someone buys your e-book. This is a great way to earn passive income, especially if you love to write.

Become an Affiliate

Affiliate marketing is a great way to earn passive income. You can promote products on your website or social media and earn a commission every time someone buys the product through your affiliate link. This is a great way to earn passive income, especially if you have a large following on social media.

Sell an Online Course

If you have expertise in a particular subject, you can create an online course and sell it on websites like Udemy or Skillshare. You can earn passive income every time someone buys your course. This is a great way to earn passive income, especially if you love to teach.

Bottom Line

Passive income is a great way to earn money without having to put in a lot of effort. In this article, we discussed 7 ways to make an extra $1000 a month passively. These include buying US Treasuries, renting out your yard or car, investing in rental real estate, publishing an e-book, becoming an affiliate, and selling an online course. These are all great ways to earn passive income and can help you achieve financial freedom. So, what are you waiting for? Start earning passive income today!

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