How to make money while you sleep

Passive Income: How to Make Money While You Sleep

One of the best parts about being an entrepreneur is that you can work from anywhere and still get paid, as long as you’re still following up with clients and putting in enough effort to make sales. Most people don’t think of this as passive income, but it absolutely counts if you do everything right! To learn how to start passive income and see whether it’s right for you, read this helpful guide on how to make money while you sleep.

3 Ways To Generate Passive Income
1. Invest your money and make it work for you.
2. Earn interest on the cash in your checking account or savings account.
3. Invest in stocks, bonds, or mutual funds that pay dividends

Residual income
A few common examples of residual income are the following:
-Rent from property -Interest from savings accounts -Royalties for an invention -Trust fund payments

Dividend-paying stocks
The best way to grow your investment is by investing in dividend-paying stocks. When you invest in dividend-paying stocks, you are buying a share of a company and receive cash back as the company makes money. The money is paid out once per year and the amount you will get depends on how many shares of the company you own. For example, if you buy 100 shares at $10 each, then each year for ten years, that stock would give you an income of $200.

Buy high, sell low
There are many ways to make passive income, and buying stocks is one of them. When you buy a stock, you're essentially buying a percentage of ownership in that company. So if you buy 10 shares of XYZ Corporation at $10 per share, that means you own 10% of XYZ Corporation's stock.
The next step is holding onto the stock and hoping it goes up in value over time. If you were lucky enough to buy Apple for $100 a share back in 1980, for example, those 10 shares would be worth about $2 million today. Of course there's always some risk involved with this type of investing, as you could lose your money if the price goes down instead.

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