If you think you must have a lot of money before you can start investing to generate passive income, think again, because in this post you will find 5 different methods through which you can invest your money with amounts as little as $0!
Disclaimer: I am an engineer. I have nothing to do with finances and I do not give any financial advice. Thank you.
Many people hope they could start investing money, to be able to secure their future and create a better life for themselves and their families. But many people also assume that in order to be able to start investing and create a passive income source for themselves, they need to have a lot of money first, and this is where they are wrong.
If you really want to start investing and create some passive income sources for yourself, you can start investing right this second. Even if you have $0 in your bank account.
In this post, I answer 7 questions that cover everything you need to know to start making money with Airbnb.
Previously, in the Passive Income: 4 Real Estate Investing Options post, I wrote about some of the many ways one can invest in real estate. And one of the methods mentioned there was buying a property and putting it up for rent.
Renting a property gives you a steady passive income source. However, some of the downsides to this was 1. you may end up with tenants who don’t pay and 2. the amount of money involved to actually buy a property.
But what if you can rent a spare room in the house you already live in and with a guaranteed payment?