Investing in a business is a passive income example that has the benefit of increasing your personal wealth. The best way to achieve this is to invest in a company that pays you a dividend. This is a share of the profits the company has made. The company usually pays a dividend to investors every quarter.

Can you become rich from passive income?

There are a few different ways to make this investment. One of the simplest is to invest in index funds. These funds offer a wide variety of publicly traded companies. The funds are easy to set up, and they can be used for both short-term and long-term purposes.

Another passive income examples option is to sell your own digital product. This can be a video course, eBook, or even a digital art piece. It will not require a lot of work, and you can keep it running without having to worry about marketing and sales.

Buying a rental property is also a great way to earn a passive income. The monthly rent checks can continue to flow into your bank account for years. The downside is that you will have to do some maintenance. However, if you do your research, you will find that this can be a very lucrative way to generate income.

The internet is a great place to start your quest for passive income. You can write articles for websites, start a blog, or hire someone to take care of your website. You can also sign up for podcast advertising networks.