Rents tend to grow with the general rise in prices and the cost of living which is great for the property owner’s income. ![]() Rental income can be substantial if you own a property at a prime location with good facilities and connectivity. Invest in a rental property: A monthly rent from a property, whether residential or commercial, is a good way to generate a sizable amount of passive income. Here are five ways to generate hassle-free passive income in India:ġ. The basic idea is to use passive income to hedge the income that you earn from your primary job. Even a small passive income will eventually grow into a sizable source of cash flow through constant reinvestment and thus help you retire rich.Īs a thumb rule, investment for passive income should be done in a manner that remains uncorrelated with the ups and downs in your main job or business. ![]() It can also be used to build an emergency fund or a long-term pool for funding children's higher education or even a retirement fund.Īdditionally, passive income can be deployed to invest in other assets such as equity, mutual fund and real estate to build long-term wealth or generate more cash flows. Passive income can be used to supplement your main source of income, be it a job or a business. In other words, passive incomes require little maintenance. An initial investment with an occasional top-up or a tweak in the portfolio should be more than enough. Unlike a regular job or a business, it should not require active participation and dedicated hours every day to generate cash flow. ![]() Passive income refers to a source of recurring cash flow or income that doesn’t require too much time and effort from the person.
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