If you want a passive income that will keep giving for life, you have to reach the point where your assets are earning money for you. Naturally, that requires an investment. You need to invest either money, time, or both.

If you are determined to commit your resources to the ideas listed below, you could be making money without any effort for years to come.

The only thing you need to know is where to start and decide what are you are willing to invest to build your passive income. You can earn passive income whether you are an entrepreneur, an artist, or simply happen to have extra cash to invest.

Invest in High-Yield Savings

Savings accounts could be the dullest investment ever invented, but they are likewise the safest.

At 0.15 percent interest or lower, you would need to exceed $250,000 account limit to see any real action.

Online banks provide savings account rates as reasonable as a CD without locking in your money for several years.

For example, Barclays is offering a 2.10% interest rate on its Online Savings account.

That is nearly 25 times what you would get at the bank around the corner. It may not make you rich, but it is safe and easy.

Invest in High Dividend Stocks

By creating a portfolio of high dividend stocks, you can generate regular passive income at an annual rate that is much higher than what you would get on bank investments.

Since high dividend stocks are stocks, there is always the potential for capital appreciation. With this model, you can earn passive income from two different sources — dividends and capital gains.

Lend Money

If you want to add a dash of excitement to your passive income investing, consider going with the web-based peer-to-peer lending platform, where investors who are looking for high-interest opportunities loan money to anyone looking to get it quickly and easily.

You can make more than ten percent a year from interest rates — about ten times what you could earn on more conventional interest-bearing investments.

Our advice: start out with 2500 USD. Since you can invest as little as 25 USD in a single loan, you could get in 100 different loans. That way, you would mitigate the risk and won’t have to worry about a single loan going bad and potentially ruining your investment.

Rent Out Your Space

If you are interested in making a passive income with real estate, but want more of a hands-on approach, consider renting out your vacation home, house, apartment, or even a single room. You can use Airbnb, which helps travelers to stay in accommodations that are way less expensive than traditional hotels.

Their site breaks rentals into three separate categories: private room, shared room, and the entire home.

Airbnb takes 3% on every booking for their services, and you receive payment 24 hours after your guests’ check-in. Wherever you are, you can make money from space in your home that might just be sitting empty otherwise.

Our advice: The key to rental success lies in reviews. The more 4 and 5-stars reviews you get, the more people will rent your space (and the more money you will make).

Rent Out Your Car

Another thing to consider is renting out your car. With an Uber or Lyft inspection report, photos, and a description of your ride, you can start earning really quickly. Twenty-four hours before a rider takes your car you are provided with insurance coverage for the rental period. Renters usually pay around $35 to $65 a day, providing you with a fine stream of passive income.

If you have a truck, you can rent it to too, typically to the movers in need. According to the information available online, you can earn up to $12,000 a year with a pickup and potentially gain $24,000 with a box truck. And all that without lifting a finger.

Invest in Arbitrage

One of the ways to make a remarkable passive income is investing in cryptocurrency arbitrage platforms.

It is super simple — investors provide the capital for the companies that use sophisticated software to buy low any type of assets and sell high due to the price fluctuation in different markets. Since markets move at a different pace, often excellent arbitrage opportunities happen.

This is especially true when it comes to cryptocurrency markets as they move rapidly and make massive leaps in price.

Naturally, like with any investment — make sure to invest in regulated companies that can guarantee a constant stream of income for you.

We at Arbismart provide between 0.1 and 1 percent of daily profits to the investors, depending on the amount invested. The more an investor invests the more capital we have to make successful trades and obviously we can offer higher returns. This means that with us, it is possible to have an exceptionally high return on investment each month, in some cases, even as high as 30 percent each month.

Conclusion

Passive income can work well for you, regardless of your financial status.

While it may take some funding and courage to get meaningful results, the moneymakers on this list will proceed to make you money long after you have done with the work.

So, find out with what are you working with; establish your financial goals and decide how much effort and money you are willing to put into your venture.

Whether you choose to invest, rent the property you own or get paid for your daily routine, you can definitely prosper from passive income.