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These are 10 passive income ideas for beginners. If you want to start investing or create a new passive income stream in 2024 this is how I make $20k per week with passive income.

Earning $20,000 per week solely through passive income requires substantial investment, time, and effort. Here are ten potential passive income ideas that could contribute to such earnings, although achieving this level of income would likely involve a combination of multiple income streams:

Dividend Investing: Invest in dividend-paying stocks or dividend-focused funds to generate consistent income from dividends.

Rental Properties: Acquire and rent out residential or commercial properties for recurring rental income.

Peer-to-Peer Lending: Invest in peer-to-peer lending platforms where you can earn interest on loans provided to borrowers.

Digital Products: Create and sell digital products such as e-books, online courses, or software, earning passive income from sales.

Affiliate Marketing: Promote products or services through affiliate marketing programs and earn commissions for sales generated through your referral links.

Real Estate Crowdfunding: Invest in real estate projects through crowdfunding platforms, earning passive income from rental income or property appreciation.

High-Yield Savings Accounts or CDs: Park funds in high-yield savings accounts or certificates of deposit (CDs) to earn passive interest income.

Peer-to-Peer Car Sharing: Rent out your vehicle through peer-to-peer car-sharing platforms to earn passive income from vehicle rentals.

Royalties: Create and license intellectual property such as patents, trademarks, or creative works to earn royalties from their use.

Stock Photography or Video Footage: Sell your photography or video footage through stock photography websites to earn passive income from licensing fees.

While these are viable passive income ideas, it's important to note that achieving $20,000 per week in passive income typically requires a significant initial investment, diligent research, and ongoing management. Additionally, diversifying income streams can help mitigate risk and increase overall income potential.

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🚨 Top 10 Passive Income Ideas to Earn $20k | Best Money Making Apps | Top Passive Income Ideas 2024 🚨