3 KILLER Ways To Make $50,000 Per Year With Passive Income

Can you imagine a life where you didn’t have to work every day? Instead of needing to work you could work because you wanted to or, you could choose not to work because you wanted to. How? By building a passive income.



Conventional wisdom tells you that the path you’re supposed to live looks like this:

  • Go to college
  • Get a Good Job
  • Get Married
  • Take out a loan for school, your wedding, a car, furniture, a house
  • Work hard for 30+ years to pay off all the debt you accumulated
  • Maybe you’ll have enough to retire and then again, perhaps not

The truth is that there IS another way to live. You don’t have to go the traditional route. After all, you are the one in control of your life. You can do anything you want.

Isn’t that a freeing thought? To know that you’re in the driver’s seat of your own life? For me it is.


One thing that has been on my mind a lot, and that I have begun to work toward is creating passive income so that my limited time isn’t continually being exchanged for money. And because I’ve always had a fascination with the passive income I’ve been drilling down on it lately and not only learning more but taking action.

I think most people could happily live on $50,000 per year (provided they had no debt) so I thought it would be a good idea for you and me to explore some ways to make $50,000 per year without working.

Note: This article isn’t some fluffy thought about never working and simply earning money. This article focuses on potential investment strategies that could net you $50,000 in residual income. 


First, let’s go over how this whole thing works.

Frontload Your Life

Robert’s favorite financial hack is frontloading your life.

Frontloading your life is working hard now so that you don’t have to work so hard later. It’s kind of like making a snowball. At first, you’re packing the snow and rolling the ball around to make it bigger. After a little work, your ball starts to move down a hill and gets bigger and bigger and bigger, all on its own.

At this point, the momentum of the snowball rolling starts to work in your favor.

That’s what frontloading is all about. And that my friends, is precisely how you can earn $50,000 per year without working.

You have to work hard up front and then in anywhere from 10-30 years (depending on how much you invest and how smart you are about the way you spend), you’ll earn a right amount of passive income.

Here are just a few ideas for making $50k per year without working.


1. Own 10 Rental Properties that Net You $420 Per Month Each

Ten rentals properties that provided you a net income of $420 per month after figuring in things like vacancies, maintenance, repairs, property management, taxes, and insurance would bring you in $50,400 per year.

Depending on the locations and types of properties you have, it may take more or fewer properties for you to reach that $50k per year mark.

If rental properties are something you’d like to get into I’d highly suggest that you start doing learning now. Real estate is something that has always interested me, and from my research, it seems like everyone has different goals and different criteria for how they choose their investments.

That means you’ll need to create your path and consider your risk tolerance to reach your particular goals.


How To Become A Real Estate Investor

Your parents and grandparents think to invest in real estate you need to come up with the money and buy something on your own, right?

They are so wrong. In 2012 Congress passed the JOBS Act which allowed companies to market private investments to the public for the first time. This resulted in a brilliant new industry called real estate crowdfunding.

What real estate crowdfunding companies do is allow investors like you and me to pool our funds and buy multi-million dollar commercial properties or $300k single family homes – whatever we agree on. The returns on these investments are distributed according to how much each investor contributed.

There is no shortage of real estate crowdfunding platforms, so I recommend doing your due diligence and reading my thorough reviews of the most popular ones. If you’re looking for a quick recommendation, however, check out these guys:

1. Fundraiser – These guys only require $500 to get started. Open an account here.

2. Rootstock – Takes online shopping to a whole new level. You can buy single family cash-flow positive homes online! This is a great way to get started owning your rental property. Check it out here.

3. EquityMultiple– Invest in larger residential and commercial properties. This is for accredited investors only but has a large variety of features. Open an account here.


2. Accrue $1,250,000 Worth of Dividend Stocks with a 4% Yield

This particular method appears, at first glance, a little harder to achieve than the rental property scenario, but stick with me, please. The thing is, this method is very similar. With dividend stocks, you’re still buying an asset that provides you cash flow.

Dividend stocks are high because while these stocks pay dividends, they can also appreciate (or depreciate) in value. This means that you’ll still get to take advantage of compound interest in the value of the stock. Plus you can reinvest your dividends until you reach your desired amount.

The cool thing about dividend stocks is that when it comes, time that you need the dividend checks to live off of you don’t have to touch the underlying assets. In other words, you don’t have to sell your stocks to get money. The value you have in stocks still has the chance to compound and grow without you ever adding anything else to it!

And since you get to take advantage of compound interest and can reinvest your dividends while growing your nest egg, you are not contributing that full $1.25 million.

Ready to start investing? Check out these top places where you can spend free, or here’s some of the best bonus offers right now to get launched:

1. M1 Finance – Truly free investing! This is our favorite platform for investing in dividend-paying stocks because you can build your whole dividend portfolio, and it’s free! Open an account at M1 Finance here.

2. TD Ameritrade – This is a classic brokerage company, but they are giving you up to $600 and free trades if you open an account. Their IRA’s have no minimums, and they have commission-free funds to get started. Check out TD Ameritrade here.


3. Invest In A Business

I don’t want to sound all 4 Hour Work Week here, but outsourcing business is possible.

My Dad owns three businesses – 2 department stores and one greenhouse. He works at one of these businesses. The other two are outsourced. Different family members manage the other two places, and there are also managers for various departments and, of course, employees.

There’s just no way that he could be run all three businesses by himself, and quite frankly, he doesn’t want to.

I’ve tried copying this method into my own online business and so far am headed in the right direction. For instance, there are a couple of parts to my activities. First, there’s freelancing. Freelancing is very much active and requires my direct involvement. I can’t hand this off to other people.

The other side is blogging. My blog generates around $2,500-$3,000 per month, and I usually spend around 5-7 hours a week on it. I used to spend much more time on it until I started to outsource. I hired out social media and brought on a writer to help with the workload. My expenses rarely ever exceed $500 per month.

I used Bluehost to get started with a website because it’s super cheap – a free domain name and $2.95 per month to host it. I love Internet businesses because of this extremely low overhead and huge income potential. Our Bluehost deal is specific to our site, so if you want to start a website, make sure you get our $2.95 hosting deal from Bluehost.

This means I’m now netting around $2,000-$2,500 per month from a blog I enjoy running while only spending 20-28 hours per month on it. That nets me approximately $75-$100 per hour. While it’s not wholly passive it’s headed in the right direction and sure beats my old day job that paid $11.50 per hour.

It is entirely possible for you to build a business in any area you enjoy and then outsource once you get systems in place. This doesn’t happen without a bunch of initial hard work. It’s all about frontloading.


Conclusion

You either need time or money to get started building these streams of income. It will require hard work and sacrifice upfront but will be completely worth it in the end.

These methods are not getting rich quick scheme and are not scams. People are doing this type of stuff every single day.

If you take responsibility for your life and work hard I promise you, you can make something like this happen, too!

Further reading: 10 Work At Home Jobs Paying Weekly


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I’m Suheyl. 18 years old.

One of the youngest bloggers out there. I help women replace their rat-race income with blogging income in less than six months. This is my blog ProjectAffordAnything; Here you are going to learn how to start a successful blog to escape the rat race. I knew early on in school. If I keep going that path, I will end up being a 9 to 5 slave, so I took control of my destiny and started this blog that changed my life. 🙂

Follow me 😊

Suheyl Ünüvar

Suheyl Ünüvar

This is Suheyl Ünüvar. He is 17 years old and makes a five-figure income while still going to school. He is also the author of the book Financial Freedom. He helps people by teaching them how to create a money-making blog to escape the 9-5 rat race.

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Dev Ghosh13 Legitimate Work At Home Jobs Paying Weekly - Project Afford Anything Recent comment authors
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I Think these Ideas are great but it will take time to reach that amount of passive income.

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