Want to lie down and make money? Don't dream just yet. Financial advisor Erika Kullberg has summarized some practical passive income streams, but the key is: initial investment is required.
The most direct: Dividends + Real Estate Fund ( REIT )
Investing $140K in REITs, with a 9% annual return rate, would yield $1K monthly in hand. Of course, you can start with a small amount and gradually roll it over using compound interest.
No capital?: Sell digital products
Kindle eBooks, online courses, print templates - create once, sell countless times. You can list them on Etsy, Udemy, and Amazon, but don't expect to get rich overnight; marketing is key.
Lower Threshold: P2P Lending
Lend money to others and earn 5-10% annual interest. Some people earn a four-digit monthly income, but the risks must also be acknowledged.
Other Ideas: Affiliate marketing, YouTube, car rental, warehouse rental…
Hard truth: None of this is truly “passive”. You have to invest time or money upfront, and only later can you earn passively. You will also have to pay taxes. But once you get started, earning $1K/month is not a dream — then continue to build income streams, and financial freedom may become possible.
The focus is not on which one to choose, but on starting right now.
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Is passive income really this simple? 5 reliable ways to earn $1K a month.
Want to lie down and make money? Don't dream just yet. Financial advisor Erika Kullberg has summarized some practical passive income streams, but the key is: initial investment is required.
The most direct: Dividends + Real Estate Fund ( REIT ) Investing $140K in REITs, with a 9% annual return rate, would yield $1K monthly in hand. Of course, you can start with a small amount and gradually roll it over using compound interest.
No capital?: Sell digital products Kindle eBooks, online courses, print templates - create once, sell countless times. You can list them on Etsy, Udemy, and Amazon, but don't expect to get rich overnight; marketing is key.
Lower Threshold: P2P Lending Lend money to others and earn 5-10% annual interest. Some people earn a four-digit monthly income, but the risks must also be acknowledged.
Other Ideas: Affiliate marketing, YouTube, car rental, warehouse rental…
Hard truth: None of this is truly “passive”. You have to invest time or money upfront, and only later can you earn passively. You will also have to pay taxes. But once you get started, earning $1K/month is not a dream — then continue to build income streams, and financial freedom may become possible.
The focus is not on which one to choose, but on starting right now.