7 Ideas to Make $1,000-$2,500 Per Month in Passive Income (2024)

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7 Ideas to Make $1,000-$2,500 Per Month in Passive Income? ›

If you like the idea of earning passive income, one idea to make $5,000 per month is to rent out things for money. This is probably the best option if you're very busy with your job and don't have time to start a new side hustle.

If you like the idea of earning passive income, one idea to make $5,000 per month is to rent out things for money. This is probably the best option if you're very busy with your job and don't have time to start a new side hustle.

Some popular passive income strategies include investing in dividend-paying stocks, creating an online course, or writing an eBook. These methods require an initial investment of time and effort but can generate a daily return of $100 or more if executed correctly.

Investors can acquire rights to royalty income by purchasing shares of royalty trusts or bidding on royalty auction exchanges. If you're thinking about investing in royalty income, you may want to speak with a financial advisor first. SmartAsset's free tool can match you with advisors that serve your area.

Wages and salaries comprise the largest overall source of total income. For most tax filers in the U.S., the largest income number on their own Form 1040 appears on the line where they report wages, salaries, tips, and other compensation for their work.