If you like the idea of earning passive income, one idea to make $5,000 per month is to rent out things for money. This is probably the best option if you're very busy with your job and don't have time to start a new side hustle. You can essentially let your assets make money for you so you're earning on autopilot.
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33 related questions found
How many YouTube views do I need to make $5000 per month?
How many views does it take to make $5000 a month on YouTube? Generally speaking, you need at least 10,000 views per day to make $5000 per month from YouTube monetization. However, this number is variable, and depends on your individual channel, marketing techniques, and audience profile.
You can produce $500 a month in passive income through savings accounts, certificates of deposit, stocks, bonds, funds and other investment vehicles. Each offers varying rates of return, degrees of safety, convenience, and liquidity.
If you're earning a 10% average annual return and investing $400 per month, you'd be able to go from $100,000 to $1 million in savings in just over 20 years. Again, if your actual average returns are higher or lower than 10% per year, that will affect your timeline.
Based on an investment of $25,000 today, it'd take a return of 13.08% per year to transform into $1 million in 30 years. If you require a shorter time to grow your investments, you'll need a higher return to arrive at $1 million sooner.
Let's say you have an investment balance of $100,000, and you want to know how long it will take to get it to $200,000 without adding any more funds. With an estimated annual return of 7%, you'd divide 72 by 7 to see that your investment will double every 10.29 years.
There are various options for investing $10k for passive income, including index fund investing, dividend investing, crypto staking, P2P investing, and investing in REITs.
Top 5 Unique Ways To Get Passive Income — Earn $4,000 Per Month
Peer-to-Peer Lending. Peer-to-peer lending platforms have gained popularity in recent years, offering individuals the opportunity to lend money directly to borrowers. ...
