Monthly passive income exceeds 1k? These 10 paths might really work.

Wanting to earn passive income is not a dream, but you need to invest time upfront to lay the groundwork. Once the system is up and running, the money will flow in by itself. Financial blogger Erika, who has a background as a lawyer, shared her advice —

Invest in cash flow assets Dividend stocks or REITs are the most straightforward. Choose those with a history of stable returns, and open an account through brokers like Vanguard/Fidelity. Platforms like Arrived and Fundrise allow you to enter real estate investment with less money. Just think about reinvesting, and let the earnings compound.

Doing digital product business No capital? Create e-books, online courses, and printable templates. Platforms like Amazon KDP, Udemy, and Etsy can help you turn your ideas into money. It may be a bit tiring at first, but with good management, earning a thousand dollars a month is not a problem.

P2P Lending or Crowdfunded Real Estate Using platforms like Fundrise for P2P lending can yield an annualized return of 5%-9%, with some achieving over 10%. Let's do the math: investing 140,000 at an annualized rate of 9% would generate over a thousand per month.

Other Ideas: Affiliate marketing, self-media, renting out idle parking spaces, YouTube channel, email newsletters… There are many options, but they all require time investment. The good news is that some options (like YouTube) can be started completely for free.

Reminder: Passive income is subject to tax, and different types of tax laws apply. Renting out a house can also use depreciation to offset taxes.