11 Interesting passive income ideas to achieve financial independence is explained in Tamil. These includes Vehicle advertisement, Affiliate marketing, P2P lending, REITS, etc.
Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income.
Passive income is how the richest among us still build their wealth. When you don’t have money, you can leverage your time and effort to create income streams that will grow into the future. As you accumulate money, you’ll deploy that cash (and even combine it with your time) to make more and more passive income.
Watch this video fully to make the best use of it.
00:01:30 Vehicle advertisement
00:02:23 Information Related Products or Services
00:03:30 Rental Income
00:04:20 Affiliate Marketing
00:05:44 Arbitrage opportunities on retail products
00:06:38 Online Peer 2 Peer (P2P) Lending
00:08:08 Mobile or Computer Application
00:08:44 Real Estate Investment Trusts (REITS)
00:09:18 Financial Instruments/Bank deposits
00:09:42 Rent your home for short term
00:10:21 Implication on Income tax on Passive income
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