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Did you know that you can earn money by doing virtually nothing? We're talking about passive income that can be very helpful during turbulent times in the country.
6 WAYS TO GET PASSIVE INCOME
Did you know that you can earn money by doing virtually nothing? We're talking about passive income that can be very helpful during turbulent times in the country.
6 WAYS TO GET PASSIVE INCOME
Legit.ng together with Jiji came up with 6 most proven ways to get some spare money and not come off the loser in the end.
PASSIVE INCOM
BIG INVESTMENT
IDEAS
TO RENT OUT A PROPERTY
Renting an empty apartment is an obvious idea for everyone who has such an apartment. There are several options for how this can be done.
Long-term
I
This is a source of stable and fairly high income. The main risk is careless tenants that can leave an apartment in a condition unsuitable for further residence.
On a per-day basis
II
An unstable, but a more profitable source, which is good if you're ready to put up with noisy parties and constant small repairments all over the apartment.
And now imagine how much money you can get if you have 2-3 apartments for rent!
As a commercial property
III
If you decide to turn your apartment into a room suitable for a store or office, check out the guidelines on how to do this in a correct way. Also, the tenant may take the cost of re-equipping the premises, but this will affect your income.
Rent a room
IV
If you live alone in a two- or three-room apartment, then you have a very profitable tool for passive income. Firstly, renting a room will allow you to share housing costs with a tenant. Secondly, each month you will receive an amount that is sufficient to survive in the absence of other sources of income.

Of course, living with a stranger in your own apartment is a process for the strong in spirit. But perhaps you are just such a person and this method suits you.
The quickest way to find them is to
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PUT MONEY IN THE BANK
Decide whether you want to make a profit on the deposit.
On a monthly basis, but only a little
I
This is a source of stable and fairly high income. The main risk is careless tenants that can leave an apartment in a condition unsuitable for further residence.
Or you will be satisfied with a larger amount once a quarter, six months, or a year
II
A deposit with capitalization is chosen during which the interest is monthly summed up with the main deposit. So, in the end, you will get a great sum of money.
The difference in the price of the apartment at the stage of excavation and during commissioning is 15-30%.
PURCHASE AN APARTMENT UNDER CONSTRUCTION AND SELL IT AFTER THE COMMISSIONING OF THE FACILITY
Consequently, you can buy an apartment, for a minimal price, and in a couple of years sell it for bigger money. This is a one-time option of passive income, but very tangible.
Choose a reliable real estate developer, so as not to be left without money in the status of a deceived equity holder.
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LOW INVESTMENT
IDEAS
Monetize a hobby
I
If you are a talented carpenter and have already presented chairs to all your friends, you can start selling the fruits of your labor on the Internet. Get profile pages in social networks and accounts on popular trading floors, for example, Jiji. For sure, there is someone who will appreciate your talent. The main thing is not to make it a daily full-time job. Let it give you pleasure further.
Create an intelligent product
II
With certain talents and skills, you can create a product that will make a profit for the rest of your life. Write a book, a mobile phone application, or a program that people like.
Record a webinar
III
If you have something to teach people, you can record a video lecture or an entire educational course and then give customers access to it for money. This method is good because it will require you to work only once: you will need to compose a really useful text and record a video.
Buy smarter, sell faster