7 Ideas to Make $1,000-$2,500 Per Month in Passive Income (2024)

FAQs

7 Ideas to Make $1,000-$2,500 Per Month in Passive Income? ›

If you like the idea of earning passive income, one idea to make $5,000 per month is to rent out things for money. This is probably the best option if you're very busy with your job and don't have time to start a new side hustle. You can essentially let your assets make money for you so you're earning on autopilot.

If you like the idea of earning passive income, one idea to make $5,000 per month is to rent out things for money. This is probably the best option if you're very busy with your job and don't have time to start a new side hustle. You can essentially let your assets make money for you so you're earning on autopilot.

Dividend stocks

Dividends are paid per share of stock, so the more shares you own, the higher your payout. Opportunity: Since the income from the stocks isn't related to any activity other than the initial financial investment, owning dividend-yielding stocks can be one of the most passive forms of making money.

Invest in Dividend Stocks

A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.

Think: selling courses online or renting out a room in your house. You can potentially make passive income through investing in funds or stocks that pay dividends, as well as bonds, bond funds, and real estate.

How to make $500 to $1,000 a month? ›

Create a digital product

Whether it's a course, an e-book, or a piece of software, digital products have an unmatched potential for passive income. With platforms like Udemy, KDP, and the App Store, you can create something once and sell it repeatedly, with little to no ongoing effort on your part.

To generate $5,000 per month in dividends, you would need a portfolio value of approximately $1 million invested in stocks with an average dividend yield of 5%. For example, Johnson & Johnson stock currently yields 2.7% annually. $1 million invested would generate about $27,000 per year or $2,250 per month.

Making $4,000 a month based on your investments alone is not a small feat. For example, if you have an investment or combination of investments with a 9.5% yield, you would have to invest $500,000 or more potentially. This is a high amount, but could almost guarantee you a $4,000 monthly dividend income.