Invest in real estate
My eyes were first open to the idea of “passive income” after reading Rich Dad Poor Dad by Robert Kiyosaki. Although not a real-estate book, it taught me the value of owning assets that produce income, which led me to real estate. Real-estate investing is not always passive, and not always easy, but it can be highly profitable. In addition, there are hundreds of ways to invest in real estate . For example, you could: Flip houses Own rental houses Become a “ house hacker “ Own vacation rentals Rent out duplexes, triplexes and fourplexes Buy and rent out apartment complexes Real-estate investing is my favorite way to create side income because it runs like a locomotive. It might take a little time to build up, but once it’s running, it goes a long way with less effort and is hard to stop.