How to Generate Passive Income this 2018

“Don't let the opinions of the average man sway you. Dream, and he thinks you're crazy. Succeed, and he thinks you're lucky. Acquire wealth, and he thinks you're greedy. Pay no attention. He simply doesn't understand." -- Robert G. Allen

It’s fascinating how quickly some people dismiss the idea of getting a sideline or a small business on the side. Why? Go ahead, ask them. You’ll hear reasons like “I’m too tired”, “too busy”, “no extra time”, or they might argue that they don’t want to lose their much needed “me time”.

I get it. Doing a full shift at the office and then commuting back and forth on a daily basis is tiring. But on some days I wonder, Is that all there is? At the risk of sounding existential, I ask, “Is that all there is to life?”

What about your lifelong dream to travel the world? Your childhood fantasy to visit five Disneyland parks across the world? Owning a nice house and car? Having enough to live a comfortable life? Are these all really going to be just dreams and fantasies?

As people say these days, “Adulting is hard.” To do responsible, grown-up things really suck. Everybody seems too busy pedaling non-stop in this rat race that we forget about the stuff that will make us truly happy. And most people will tell you, that money, or rather the lack of it, is the main reason why we’re stuck.

But it doesn’t have to be this way. There are ways to fix the problem. Aside from the aforementioned side hustles and businesses, generating passive income through the following ways might just be our ticket towards our dreams.

#1 Rental Properties

#2 Cryptocurrency Mining & Masternodes

#3 Build or Buy Websites

#4 Peer-to-Peer Lending

#5 Dividend Investing: Buy Dividend Stocks

#6 Crowdfunded Real Estate & REIT

#7 Become a Silent Business Partner or Buy an Existing Business

#8 Sell Digital Products

#9 Royalties

#10 High-Yield Savings Accounts

#11 Low-Maintenance Business Ideas & Outsourcing

About the Author:

Amiel Pineda is a business and finance columnist at Grit PH, where he also co-authored this list of the best franchise business opportunities in the Philippines.

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