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Passive income opportunities allow you to bring in a steady stream of income without a ton of effort.
Keep reading to learn fiveways to earn passive income, no matter what state you reside in.
Share valuable content consistently on platforms like TikTok, Instagram or LinkedIn to establish credibility.
Engage with influencers or contribute toindustry blogs and podcaststo quickly grow your audience, he said.
These days, everyone needs content, so why not fill that need?
He said combining content creation with email marketing is a key monetization strategy.
The only materials I used were a $100 microphone and my MacBook.
Nearly a decade in, Viaene published his first course at the end of 2015.
I earned slightly more than $1,000 in revenue that first month, he said.
He said November is always his most successful month due to Black Friday sales.
I run a cloud and DevOps consultancy business, which now consumes most of my time, he said.
For the most part, hes just sitting back and collecting paychecks from his courses.
Thats passive income you’re free to do in all 50 states, with minimal work.
He said youll need to conduct research to determine what business development company stock to buy.
Thats enough to fund a fun trip for two to Europe.
The benefits include potential long-term appreciation, which may lead toadditional dividend income, he said.
The drawbacks include volatility in stock price [and] potentially inconsistent dividend income.
Therefore, this is likelyonly a feasible optionif you have a large amount of money to invest.
If you live in an expensive city, he said to consider buying property out of state.
Still, you may need to manage your property manager, which makes it less passive for you.
Of course,real estate investingisnt without risks.
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