Build Your Wealth: 5 Passive Income Ideas

No one wants to work as an employee their whole life. It defeats the purpose of achieving a balanced life. As an employee, you are answerable to your supervisors and managers. Even if you happen to get promoted to top positions in an organization, you will still be answerable to the company owner. Sure, the nine-to-five job pays the bills—mortgages, credit card dues, tuition, and many more. What it doesn’t pay for is your retirement. If you have any hope of retiring comfortably, you need to make your money work for you. It has to produce more than what you need to spend.

That’s why it makes sense for people to want to invest in passive income sources that will generate money they can save for their future. These investments build their wealth and add to their assets. Ask anyone, and you will hear plans of someday owning an apartment building or opening their own business. Remember, there are very few people who plan on staying as employees forever. Everyone wants to be dependent only on themselves in the future.

If you are looking for a way to grow your wealth, there’s no better idea than start an idea that will generate a passive income. You can still keep your full-time gig and grow your money on the side. You can go as big or as small as you want, provided that you have an end goal in mind.

Rental Building

There are two options for rental income: residential and commercial. It’s not cheap to build an apartment, so you have to look for loans for apartment buildings if you think of starting a residential apartment. Tenants will pay you the rent, which you can use to repay your loans. In about 10 to 15 years, the income from that rental building will be yours. However, apartments are expensive, so it’s better if you already have existing land that you can build on.

Commercial complexes are, of course, high-risk and high-return investments. You will not only have the chance for a comfortable retirement, but you can actually build your wealth through this passive income. Similar to residential apartments, commercial buildings will require you to apply for a business loan and pay off that loan through rental income.



Online stores are a big hit not only because of the pandemic. It has been trendy way before it. The problem is not everyone has the physical capacity to store items for sale. Dropshipping solves that problem for you. You can find products you want to sell directly from the manufacturers and market those products. You are in control of how much you want to charge. The best thing about this is you are not obliged to store items that you may not sell in the future. You are basically a mediator of sorts with very minimal investment.


You might have to wait for a long time to earn from your blog. You need more followers and more views. This isn’t the easiest way to generate passive income unless you are genuinely passionate about blogging. Are you an expert in something like pastry-making or car mechanics? Then, you can blog about these topics. You can monetize your blog and earn from affiliate marketing, but you need to market your blog well to earn more from this.

Homebased Business

There are a lot of home-based business ideas you can start. If you are into crafts, you can earn from making household items such as napkin holders, placemats, vases, and many more. Can you create jewelry? That’s another thing that you can look at. You can also sell items you can source from direct manufacturers. Find suppliers in online marketplaces that can deliver high-quality products at an affordable price.


The world’s richest have huge investments in the stock market and various mutual funds. If you don’t have the time and energy to build your own business, stocks and mutual funds are the next best thing. You are basically going to earn from the sweat and blood of other entrepreneurs. While the return is not initially high, it will create a cushion for when you finally want to retire from working.

At some point, everyone wants to own their own business. But while businesses are tricky and require a lot of investments and risks, they are also the best way to own your time, energy, and resources. Look for opportunities wherever you go. You never know when the chance of building your wealth will open up.

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