10 Best Ways to Create Residual Income

Most people believe that money is created through active income. They rarely think about passive income or even residual income as a source to generate wealth or financial freedom.

Here are 10 ways you can create residual income for yourself.

10 Ways to Create Residual Income

1. Invest in Real Estate

Owning real estate can be a great way to generate monthly income. You can purchase a single-family home, duplex, or even apartment building. 

Airbnb has become huge over the last many years. If you have a free room in your house, you can rent that out.

2. Vacation Rentals or  Short-term rentals

3. Invest in the Stock Market

It does take patience to allow your money to grow. If you can be patient and continue to invest, you will wake up in 10, 20, or 30 years with a massive portfolio.

4. Invest in REITs

REITs are real estate investment trusts. These are companies that will buy up real estate and use your money to help them do it. 

5. Start a Blog

Starting a blog can be challenging work that takes time and money to make things happen.