By Richard| 3 min read
People spend months searching the Internet for answers to “How can I make passive income?”. Unfortunately the average blog post simply contains a few D grade ideas, and that’s about it.
To save you the precious time, I spent around 40 hours researching and writing this epic article on the 43 Best Passive Income Streams & Opportunities. This is the all-in-one article I wish I had when I was getting started with my first passive income business all those years ago.
With literally 100s of ideas on this site for making passive income, it shouldn’t surprise you that the #1 question readers ask me is:
“Richard, I am overwhelmed by all the ideas and I don’t know where to start. So if you could only pick one, what is your best passive income idea?”.
Well, here it is muchacho! And what an article it is. I think you’ll need about 6 triple mochachocawoca lattes from Starbucks to get through it, as I’ve literally brought together all of my very best tips on how you too can start this perfect passive income idea. Easily my favorite article on the site.
So if you’ve got the coffee ready, click here to read How I Turned Amazon Into My #1 Source Of Passive Income.
So many readers have asked me “How do you invest your money?”. And so I’ve shared my thoughts on building a smartly diversified portfolio for long term returns. Of course, this is great when you have a large capital base and 30-40 year time horizon. For example if you are compounding at just 5-10% but doing it over 40 years and from a large starting base, plus you are topping it up monthly with new funds, you can enjoy ridiculous returns.
But what about everyone else with lower capital bases, less time and the desire for potential higher returns? Well, that’s where one of my specific investing strategies may be of interest. It’s an approach favored by some of the world’s best investors – even Warren loves it – and I explain it in plain English here #1 Way I Invest My Money To Target High Returns. I think you’ll love it!
Oh this is gold! I always loved Tim Ferriss’s case study posts where he would go through businesses that have successfully executed their idea and are earnings $1000s a month in passive (or semi-passive) income.
When you read these stories you get inspired! Not just in a “Oh, if he can do it, so can I” way, but in a “What he did to GMAT prep, I could do for management consulting case interviews” kind of way. Hello derivational ideas!! It shouldn’t surprise you then, that 88 Successful Passive Income Case Studies may just be the most popular article on this site.
Few things beat a good book for learning the foundational knowledge you need to dominate any area of expertise, and the same applies with passive income. Since I’ve read a lot of books – including a lot of absolute craptacularness (the technical term) – I want to make sure you only choose 2 or 3 of the best books.
With this list you’ll find my thoughts on the 16 Best Passive Income Books I’ve Read, including the big lessons I learned from them. You may find my major takeaways make reading the books redundant. If so, you just saved yourself about 200 hours of reading!
The ‘About’ page is one of the most popular parts of any website, since people want to know if the writer is worth listening to and whether they should invest their time into the site. I spent a day thinking about what I wanted to communicate on this page about me, about the brand and about what it stands for.
I hope you can see why this site is different to every other site out there and why it can make such a big difference for you in search of your idea. Read I’m Your Ideas Man if you want to know more about me and the site.
If you’re struggling to think of an idea or you’ve tried out a few ideas, but can’t seem to eek out more than a couple hundred dollars a month, STOP.
I’ve already spent 1000s of hours researching and testing all kinds of ideas. I know what works and importantly, what doesn’t. Here’s 3 of my favorite ideas that actually work...