Below are seven income producing assets that you can invest in to start earning you passive income.
I’ve split the list up into two ways: Safe and risky. The former are assets I consider to be more conservative and proven that you can start investing in. The latter are a bit more aggressive — but can yield great results if done right.
Safe income producing assets to invest in
These are conservative, low-risk income producing assets. The trade-off to its low volatility though is that you won’t earn as much as more aggressive assets. It’s still a good idea to have a few of these in your portfolio to ensure proper diversification.
Asset #1: Certificates of Deposit (CDs)
A certificate of deposit, or CD, is a low-risk financial investment offered by banks.
How they work is simple: You loan the bank money for a set amount of time known as a “term length” and you gain interest on the principal during this time.