Easy level of passive income :
The only difference between REITs and dividend stocks or ETFs is that REITs only invest in real estate. Some of the finest rates to invest in to generate passive income are NLY, NRZ, and AGNC. Even though it would be relatively easy to accomplish most of these passive income streams, they are currently at the easy level of creating passive income; therefore, they will be less profitable. They’ll discuss such passive income sources shortly, but the amount you can make will surely not be sufficient to change your life’s situation radically.
Cryptocurrency staking is the last simple option for making passive income. You should be clear that you don’t need to be an expert in cryptocurrencies, blockchains, or even dull apps to start successfully earning income through crypto staking. Staking may be a straightforward or highly complex concept, depending on how many layers of the understanding you want to uncover. Simple and primarily hands-on crypto staking is now possible, thanks to user-friendly services like Coinbase. Since if you are not a crypto specialist, you won’t attempt to pass for one. However, you have enough expertise to assume that you are ready to start staking ether to earn automated income.
Go to Coinbase, buy some Ethereum, and start staking it to accomplish this. The bank pays you interest on the money you deposit into a savings account. The same thing occurs when you stake your Ethereum in a crypto asset. This is a simple approach to understanding the entire situation. For instance, it might be used in a staking pool to complete challenging tasks and transaction verification if You would be given extra Ethereum in exchange, which you might later sell for a healthy profit as interest on your original amount of Ethereum.
Medium level of passive income :
The following steps in making money online; move on to the next stage of passive income generation—the medium level. The stagnant income you’ll generate at this level will be a little bit more because medium income is often relatively simple but takes a little more effort to get started. The first of these medium-level passive income sources is affiliate marketing, which pays an affiliate a commission for advertising the items of another individual or company. You’ll demonstrate what you mean with a real-world affiliate marketing scenario.
If You’ve earned money passively this month alone from just one of those affiliate links, earning close to $3,000 in total—you are earning money while you sleep, so you are living dreams and getting money simultaneously. Without a website, YouTube channel, or other things, one can still participate in affiliate marketing. For instance, you may post your link to forums and other online communities, share it with your friends and family on social media, publish a free ebook that includes affiliate links or utilize pay-per-click adverts on Facebook and Google to draw attention to your affiliate links. The following medium-level passive income source is real estate crowdfunding. You may start investing in real estate with just $10 using platforms like Fund rise, Diversity fund, and Ground floor, and start using crowd-sourcing to make passive income. When you use Fund rise to contribute, let’s say, $1,000, Fund rise will combine your funds with the funds of thousands of other investors to purchase real estate.