**Is passive income really passive? Lawyer Erika offers a way to earn $1K in 10 months**
Don't be fooled by the name, "passive" income is actually quite busy at the beginning. But once it's set up, you can earn effortlessly. Want to quickly achieve a monthly income goal of $1K? Try these:
**Invest in Cash Flow Assets** — Buy dividend stocks/REITs and receive cash periodically. For example, investing $140K with an annual return of 9% yields over $1K per month. You can start small and gradually reinvest to grow your investment.
**Sell Digital Products** — Create eBooks, online courses, and printables once, and sell them repeatedly. You can list them on Kindle, Udemy, and Etsy, and good marketing can generate ongoing revenue.
**P2P Lending/Crowdfunding** — Platforms like Fundrise can easily achieve an annual return of 5-10%, and you can also invest in real estate.
**Other Channels** — Affiliate marketing, blogging, operating YouTube/social media, renting properties or parking spaces, building email subscriptions, etc. Some can be started completely for free.
**Key Tips**: Each method requires an initial investment of time or capital. The good news is that some really don't require money, but be prepared mentally – passive income is actually a game of delayed gratification. By the way, remember to pay taxes.
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**Is passive income really passive? Lawyer Erika offers a way to earn $1K in 10 months**
Don't be fooled by the name, "passive" income is actually quite busy at the beginning. But once it's set up, you can earn effortlessly. Want to quickly achieve a monthly income goal of $1K? Try these:
**Invest in Cash Flow Assets** — Buy dividend stocks/REITs and receive cash periodically. For example, investing $140K with an annual return of 9% yields over $1K per month. You can start small and gradually reinvest to grow your investment.
**Sell Digital Products** — Create eBooks, online courses, and printables once, and sell them repeatedly. You can list them on Kindle, Udemy, and Etsy, and good marketing can generate ongoing revenue.
**P2P Lending/Crowdfunding** — Platforms like Fundrise can easily achieve an annual return of 5-10%, and you can also invest in real estate.
**Other Channels** — Affiliate marketing, blogging, operating YouTube/social media, renting properties or parking spaces, building email subscriptions, etc. Some can be started completely for free.
**Key Tips**: Each method requires an initial investment of time or capital. The good news is that some really don't require money, but be prepared mentally – passive income is actually a game of delayed gratification. By the way, remember to pay taxes.