On every New Year’s resolution list is an item related to money: Save more. Start investing. Build wealth. What if you can hit all these goals in one go? Yes, it’s possible through passive income streams.

In this article, you’ll learn how to earn passive income in the Philippines and why it’s worth considering.

An overview on passive income

Like every other opportunity, it’s important to understand the nature of passive income before getting your feet. For this reason, it makes sense to reflect on the three important questions below on how to earn passive income:

What is passive income?

Passive income is a type of income that requires minimal effort to earn or to maintain. The key phrase here is “minimal effort.” Because although some may sell the idea of passive income as easy money or an easy job, it actually involves work to attain.

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Earning income passively through stocks, for instance, would mean keeping yourself updated on industry trends. If you invest in real estate and lease out your properties, you should be able to build rapport with future tenants. Selling products online, you must perfect the product you're introducing to the market.

Hence, although “making money while you sleep” may be true in that some opportunities won’t demand too much of your time and efforts unlike an office job, don’t be misled into thinking that you’ll never have to lift a finger to earn money.

In a nutshell, this is what passive income is and is not.

Why do you need passive income?

If venturing into passive income ideas means working on top of your day job, why bother putting in the extra grind? Because when you have multiple income streams, you can secure yourself financially. You'll have a back-up for economic challenges in the future, a stash for non-essential expenses, and a boost for your savings or retirement fund.

How do you choose the right additional income opportunity?

If you're starting out with limited resources, you must be wise in choosing which passive income opportunities are worth your time and investment.

In general, you should only move forward with an idea when you know the risks involved, the requirements of the initial investment, and the potential returns.

Passive income opportunities

Now that you know what passive income is, why it builds financial security, and how to choose the right investment, explore the following ideas to help you save more, start investing, or scale up your wealth:

1. Lease out a condo.

The common route people take in their new journey to make passive income is to lease out a real estate property such as a condo.

The best thing about this kind of investment is that it appreciates in value over time. Condos located in business districts are especially profitable, as employees and business leaders will be your primary tenants.

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Maximize your passive income by leasing out condos in prime locations such as those near workplaces and essential establishments.

During the pandemic, employees looked for homes that would let them reach their office in a few minutes, to avoid commuting and getting exposed.

2. Convert your condo into a vacation rental.

Other than signing up long-term tenants, you can also cater to vacationers and travelers. Many people now prefer vacation rentals over hotels because they can take advantage of add-on amenities inside the unit such as a fully-equipped kitchen.

If you have a vacant property in a tourist destination, like Boracay or Baguio, turn it into a passive income source.

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During the pandemic, it’s just as important to give your guests the peace of mind that they’re safe in your unit. So before your tenants’ stay, make sure to sanitize and clean the space. In fact, even prior to your condo listing, prepare the unit.

3. Consider real estate investment trusts.

If you want to venture into the property industry but don’t have a large capital to buy a condo, real estate investment trusts (REITs) can be an option to earn passive income.

REITs are unique companies that own, operate, or fund income-generating properties.

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You invest in REITs in the same way that you buy stocks. The former's dividend yields are usually higher than that of traditional financial products' such as time deposits and bonds. However, it’s equally important to consider the track record and reputation of the property company you’re investing in. This is one key property investment tip all beginners should know.

4. Invest in stocks.

This is a timeless passive income idea. But especially in , investing is projected to be profitable, as the stock market starts to show signs of recovery from the pandemic-induced economic crisis.

As companies bounce back, stock prices will increase. You can then sell your stocks to get better returns. On top of this, you'll be able to earn dividends from the company’s profits, which you can then reinvest into other opportunities for earning passive income.

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It goes without saying that you should invest in the right companies. Remember: you’ll be holding on to their shares for several years; so it’s important to check the track record of the companies you plan to invest in. Make sure they're consistently profitable and growing.

5. Open a high-yield savings account.

This is more like a "set it and forget it" investment. Basically, you just place your money in your savings account and let it accrue. The higher the balance in your account, the higher the interest it will earn. There’s probably nothing that could be as passive of an income as that

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Some banks’ high-yield savings accounts have an interest as high as 4% per annum. Again, it pays to compare rates from different financial institutions to find the best deal. See if your bank of choice has an online application; so you can open an account without having to leave your home.

6. Open a time deposit account.

As with a savings account, time deposits compel you to keep your money in a bank--only this time, there's a set duration when your deposit is locked in. The duration can vary from 30 to days or from seven to 10 years, depending on your bank.

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Usually, the returns are much higher because of the interest accrued over the months or years, which sums up how to earn passive income in this asset.

The minimum required daily balance in most Philippine banks is PhP50, Invest in a time deposit if you have the required amount which you can afford not to spend.

7. Go into peer-to-peer lending.

Simply put, this type of investment is similar to a paluwagan, except that instead of earning from the lump sums of accumulated cash, you earn from the interest of the money you lent.

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Usually, peer-to-peer lending is mediated by online platforms; so it's important to compare sites and see which ones offer the best terms and excellent yield for a passive income.

It would also be good to start small, while you familiarize yourself with the system.

8. Create information materials.

If you have a compelling story or expert advice on a specific topic, write a book about it. Or, create a series of courses on it. Then, sell your book or course online. These types of e-learning materials have become in-demand, with more people motivated to learn new things amid the pandemic.

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Explore different platforms, and take note of the commissions each one takes for every successful purchase.

Start thinking about marketing strategies to promote your e-book or e-course. In a nutshell, earn passive income by drumming up interest, to gain a huge following and convince people to buy your info materials.

9. Become an affiliate marketer.

If you have a website or a social media page with hundreds of followers, this is one good way to earn passive income.

Through affiliate marketing, a business pays you (the affiliate marketer) a commission for the traffic or sales generated by your online assets. These assets, i.e. social media or blog posts, contain links to the affiliate business's products or services.

Affiliate marketing has become a popular strategy when brands started pouring more funds into online marketing amid the stay-at-home orders.

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Aside from a huge following, you also need to create appealing yet valuable content. When brainstorming for content, make sure to keep in mind the needs of your audience. Who do you want to talk to? What are their needs? These questions should guide you when thinking of content to post on your page.

Join affiliate programs, preferably the ones that match your channel’s niche or your followers’ preferences. Then seamlessly integrate your affiliate links to your posts.

Build an app.

It's no secret that app developers rake in tons of money by creating a platform loved by many.

How do you earn passive income from an app? By selling it directly at online stores. You may also introduce it for free, but leave some features restricted to those who avail of a monthly subscription or a one-time purchase.

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Aside from these, you may also show ads, charge transaction fees, or allow in-app purchases. As people unlock features of your app, you earn your much-deserved additional income.

Sell stock photos.

Those high-quality pictures you took while relieving your boredom during the lockdown don’t have to go to waste. Sell them as stock photos online at popular websites such as Flickr or Shutterstock or on your own platform. You can earn passive income each time someone buys your photos.

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To increase your photos' discovery, use relevant keywords. For this, some knowledge of search engine optimization will come in handy.

Sell your unused/ used items online.

If your inner Marie Kondo got triggered during the lockdown, yay! Not only did you clear out some space in your home, but you could also turn your clutter into some serious cash.

Make money from your used/unused things by selling them online. Virtual is the way to go. With no physical store to man, an online shop is a perfect vehicle to earn passive income from.

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Choose the best e-commerce platform for your online store. Publish high-quality photos of your products for your virtual store and marketing channels such as social media. Then wait for orders to come in to start making money.

Create aesthetically-pleasing digital files.

Other than pre-owned items, you can also sell digital assets such as printables that you yourself created. Bullet journals and planners are two current bestsellers, to help buyers keep track of their New Year’s resolutions.

Artwork is also always trendy for homeowners who like sprucing up their spaces. If you have the skill to create these visually pleasing documents, make them available online for a quick passive income.

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Build or buy websites.

In this venture, you earn money not just through affiliate marketing, but also through Google AdSense. Google pays you for posting ads on your website. Through your blogs, you can also become a brand ambassador, particularly if you've attained a large readership.

Companies usually collaborate with bloggers who have a strong niche, commanding loyal readership from their target audience. Again, the key to having a promising passive income in this venture is to focus on appealing yet valuable content.

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Embrace your vlogging potential.

It’s no secret that YouTube pays their content creators well, especially those who amass thousands or millions of views. If you have no qualms about being in front of the camera to document your life, why not take it one step further and publish what you record online?

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Once you reach 1, subscribers in your channel and hit at least 4, hours of watch time, you'll be able to apply for Google AdSense, to start monetizing your content and earn passive income.

“Make money while you sleep.” This is the promise of passive income ideas that compel people to explore opportunities outside of their day jobs and corporate careers.

The financial security that passive income offers translates into numerous benefits: no more stressing about your and your family's financial future; being able to pursue expensive hobbies; and working whenever, wherever you want. Wouldn’t you want all these and more this year.

Can you imagine yourself earning money without working for it? It sounds too good to be true, but it’s actually possible. In fact, there’s even a term used to call money that you get without investing any time or effort on it—passive income.

Passive income is money earned without an exchange of labor or time; for example, if you have a small sari-sari store and have a store clerk working for you or if you’re renting out a condo unit.

Earning passive income is the dream of those who seek ultimate financial freedom. With it, many business owners and entrepreneurs can use their free time exploring other financial opportunities. But how exactly do you get passive income? What are the ways that can help you earn it?

1. Open a Savings Account.
   If you want to start small, you can try opening a savings account where you can keep your money. Banks let you earn interest, which, though not big, is better than just keeping your savings in a piggy bank. If you have a bigger amount of money that you’re willing to keep away, you can also try opening a high-interest savings account.
2. Sell your used products.
   Wanting to free some space in your closet? Instead of throwing them away, sell them on the internet if they’re still in good condition. Besides taking nice photos of your items and putting them up on websites, you really don’t have to spend anything else.
3. Make a small business out of a hobby.
   Is there a skill you’re really good at? Why not try to earn from it? For example, creating a vlog can help you earn if you get enough views and advertisers. You can also make a website and leave it to grow on its own so that it gets ad placements that can help you earn small dividends.
4. Make use of cashbacks.
   Do you have any memberships or credit cards? These establishments offer cashback rewards or rebates every time you use them. While most of them can’t be used as money, you can collect and use them to pay off other products and services.
5. Real Estate
   Renting out a piece of land or property is a good source of passive income. Of course, it requires money to buy out property that you can lend out in the future, but it’s a very good option if you’re thinking long-term.

Earning passive income is not easy, but with a little bit of effort and dedication, everyone can have it too. You don’t need a large amount of money for it. If you’re creative enough, you can work on building opportunities for passive income whatever amount of cash flow you have.

Liked this story? We have more money stories for you to browse below.

Financial advisers have said this a million times: “Let your money work for you.” This can mean a lot of things—from as simple as opening a savings account to investing in pooled funds or VUL funds. Basically, what the phrase is saying is put that money somewhere it can grow. 

For busy individuals like full-time employees and businessmen, it's quite challenging to invest because it takes time and effort. But aside from having a fund manager, there are other ways to make money grow, even while you sleep.

According to financial expert, Fitz Gerard Villafuerte, there are several ways to make money that require little to no effort. As founder of Wealth Arki, a financial planning and wealth management company, he helps people manage finances and find the best investment practices for them.

There are various strategies where one can put that extra money to create a secondary source of income. Because these days, having one source of income is not enough to achieve total financial freedom.

PASSIVE INCOME 

Passive income is a type of income source that requires little to no effort to earn and maintain. This is a secondary income source for those who are looking to earn more while working or managing a business.

However, Villafuerte clarifies that passive income also requires work. It takes time to build a passive income and people need to do the work first in the beginning before reaping the rewards.

“It’s like planting a pear tree. You’ll need to tend to it for about three years before it bears fruit. But after that, you don’t have to do much because pear trees are low-maintenance, and you’ll have a steady supply of pear fruits for many years,” he says.

PAPER ASSETS

One of the ways is investing in paper assets like stocks and bonds. This needs a lot of research and studying but there's a lot of available materials online. There are even computer applications that help newbie investors. Getting advice from financial experts helps as well.

“You can try investing in paper assets. When you own shares of a company in the stock market, you can earn from price appreciation of the share price, and you can receive dividends,” Villafuerte explains.

While opening a savings account is a form of passive income, it's not the best option out there. Banks offer small interest rates and it takes a lot of time to earn from it. So aside from opening a savings account, try opening a high-interest time deposit to really earn that money. Or invest in managed VUL funds and be benefited with the skills of the professional fund managers.

“Of course, even a savings account is a source of passive income because you earn interests just by letting your money stay there. The only downside is that inflation will eventually eat the value of your money if it stays in the savings account too long,” he says.

“So it’s best to put your money in better investments such as stocks, bonds, and VUL funds, which often outpace inflation,” he adds.

PHYSICAL 

Then there's hard assets. These assets are the tangible things that people invest in like property or land, gold, diamonds, luxury items, etc.

People buy these valuable items because it usually increases in value over time. This means that these items “earn” when their values increase and exceed whatever the amount was spent in the initial purchase. These items are also desirable to a lot of people making their market value very high.

One good example of hard asset is property. Acquiring a property is one of the best investments anyone could get. Land or property value increase as time passes and depending on the location. Owners can also lease or rent out these properties creating passive income. Listing down the property in popular homestay online marketplace Airbnb almost always guarantees extra income to owners.

These days, having an extra vehicle can also be a source of passive income. Car owners can register their cars on ride-hailing apps like Grab, then hire a driver who can do the work and earn some extra cash.

INTERNET MONEY 

A lot of people earn from online work nowadays and some of the richest individuals on the planet source their money from the internet. YouTube has become a good source of income but this takes a bit of effort than most passive income methods.

YouTube channels need video content so this needs to be created. But once the channel gets monetized, the “creators” earn money from advertisements played on their videos. Even if the creators only upload once in a while, previous videos still earn in the background. Essentially, these videos make money for creators who usually still have day jobs.

On the other hand, online selling needs more effort as well but it is still considered a passive income. It's not as stable as other sources but it is extra income nonetheless.

Ultimately, choosing the best passive income is a choice. Some works for others while some don't. It depends on how proactive of an investor someone is. Let your broker or fund manager do all the work or make an effort to be part of the investment strategy.

Passive incomes are a must-have, especially with the Philippine’s economy struggling with the coronavirus pandemic. These days, everyone needs extra income to financially support themselves and fulfill the needs of not just themselves, but their entire family. 

Well, what’s a better solution than to get yourself a passive income? It’s the best way out of this situation. Here are the best passive incomes in the Philippines that anyone can do. 

What are passive incomes?

Passive income is money that you earn without active involvement. In other words, it is income that isn’t attached to an hourly wage or annual salary.

Even while you work your main job, you can have extra income flowing in, so that if ever you are in a tight situation where you run into problems with your primary job, you can have financial security.

Passive incomes are a strategy that you can use to your advantage in ways such as accumulating savings, generating investment funds or building wealth in general.

But, what exactly does passive income mean? Well if passive means &#;not active&#;, then passive income means to earn money without being actively involved in it. These are low effort, but profitable sources of income.

Why should I get a passive income?

Through passive incomes, you can have multiple sources of income. That means you can have extra streams of cash flowing in even while you work in your main job. In short, you get more money than if you only had one source of income. 

Why is it important to have multiple sources of income?

Having multiple sources of income is the best way to get rich. You can earn millions if you compiled all the money from your passive incomes and main job. 

Multiple sources of income also provide financial security. If one of your businesses fail or if you get fired from your job, you can still have an extra source of income to financially provide for your needs. This is backup money to help build up your financial status in case you’re in a tight situation.

With financial security, you can have financial freedom and that’s something everybody wants.

Passive Incomes in the Philippines

Here are passive incomes in the Philippines that anyone can do:

Online Business

This is the most popular form of passive income in the Philippines. You’ve probably already bought from an online business before or you have a relative who owns one. Even children can make their own online business (under parental supervision, of course) These businesses are everywhere and you can have one too.

What can I sell?

Through online businesses, you can sell absolutely anything from food and clothing to machines and vehicles. When I say anything, I mean anything and everything.

If you have machines that you can put out for rent, then that’s also a spectacular way of offering products through your online business. There are a number of people who offer machines like stand mixers for bakers or espresso machines for coffee enthusiasts. They even let people rent their heavy equipment like welding machines or concrete cutters.

The most common product that people sell these days is food because who can’t get enough of food? There are a lot of talented chefs and bakers out there and if you have the talent too then go for it!

If you like to do retail, you can resell products on online platforms. This is a very common, but profitable practice even in real-life physical businesses.

If you have the skill, you can sell handcrafted items like paintings, wooden carvings, furniture, clothing, home decorations and more. These days, Nordic and Scandinavian furniture and decor are super popular.

Where can I sell?

Most online businesses in the Philippines operate mainly through social media platforms, especially on Facebook and Instagram.

Ever since the beginning of the pandemic, online shopping platforms like Shopee and Lazada have gained a lot of popularity. These are popular platforms for both buyers and sellers because it’s fast, convenient and a cheaper option.

Some online businesses even become successful enough to open a physical store.

Why make an online business?

Online businesses never die. Because of its convenience, people will always buy from them. This sector of the market is growing and will keep on growing. As long as your products or services appeal to your customers, making an online business is one of the best sources of income.

Real State

Many people in the Philippines are starting to invest in real estate. There are many ways to use real estate to your advantage. This is one of the proven and trusted through time the best passive income in the Philippines.

Investing in Land/Condominium

Buy land while the price is still low then sell when it’s at a higher price. The value of land is always growing, which is why it is an ideal investment for many. With the growing population in the metro, you can keep track of big real estate developer building and constructing new properties.

Its advisable to do a background check, check online reviews and community feedback before diving into real estate investment since this is a long-term commitment and require more planning and budget.

Some of the well known and popular property developers:

• DMCI
• AyalaLand
• SMDC
• Filinvest
• Megaworld
• Robinson&#;s Land Corporation
• ALVEO
• Avida
• Camella
• Vista Land

AirBnB

You can build a house on one of your lands, furnish it and you’re good to go. You can earn big money from letting people rent out the house per night.

Of course, it doesn’t necessarily have to be a house. Just decorate a space that you can sleep in and let people rent it out. It can be an apartment, a small studio or even a room in your house.

Rent Out a Space

If you have spare space in your house or apartment, you can let people rent a room. A lot of people are looking for homes, especially in big cities. Who knows? Maybe you can provide them a roof to sleep under and profit at the same time.

It doesn’t have to be in a house or apartment. It can be your garage, your backyard, your storage, anything! As long as it’s a space that people want or need, you’ll be profiting in no time.

Commercial Lots

If you have a commercial lot that is not in use, you can rent it out to other people. Renting out is a cash cow and people are always scouting for lots to put up their businesses, so if you have a commercial lot on hand, consider renting it out.

YouTube

As long as you have content and good editing skills, YouTube is worth your time. With YouTube, you can earn money by posting entertainment for people to watch. You can post anything you want and when people watch your videos, you get paid. If you’re popular enough, you might even get sponsored!

Through new technology and new social media platform, the new conten in the form of vlogging becomes a new trendy source of passive income in the Philippines. The entertainment industry was hit hard by COVID19 virus and pandemic that limited the acitivity in doing TV shows and movies.

Local Artist, have started to do more content in YouTube to earn extra income or become the main source of income which literally becomes your passive income if your regularly uploading new videos every week.

Why should I create a YouTube channel?

Well first of all, it’s an easy way to earn cash. You can post pet videos on YouTube and thousands of people will watch them.

Not only is it easier to do, you can advertise your own business through your channel. Maybe you’re selling a product, you can show everyone how it works, its advantages and why you should buy it. The best part is while you’re advertising your product, you’re earning money because people are watching your videos.

On YouTube, you can also put ads on your videos, so you can get ad revenue. You don’t even have to put in effort to advertise someone else’s products because YouTube will do it for you. 

Another big benefit of creating a YouTube channel is you can get sponsored. Basically, you’re advertising someone else’s product and they&#;ll give you free stuff.

• You’re getting paid because people are watching your videos.
• You’re getting ad revenue.
• You’re entertaining your viewers.
• You’re advertising a business and you get free stuff at the same time.

It’s a win-win situation! Clearly, there’s a lot you can profit from YouTube. But, takke to be creative and be original on your video platform to show your authenticity and branding.

Make a Blog or Website

With a blog or website, you can basically just write whatever you want. You’ve probably been wondering how people earn money from blogs (I know I have). There are actually a few ways to do this.

• Advertisements
• Business Websites
• Building Websites

In the digital space, this is the equivalent of real estate, if your building your website or blog to provide helpful tips, how-to and general information of your expertise or topics your knowledgeable about. This is considered one of the best passive income in the Philippines, since you can sold it at later time if you plan to exit and move on to another new project.

How do people earn from advertisements?

Have you noticed that almost every single website you click on has an ad? That’s because people get paid to post ads on their website. This is the reason why people can post recipes or information on the internet for free. Most websites thrive on ad revenue and every time someone views an ad on your site, you get paid.

How do people earn from business websites?

Business websites are basically online stores. You can create a website that sells your products. On this site, you can also put advertisements, so you earn ad revenue while you get extra cash from your online business.

How do people earn from building websites?

If you know how to build websites, then you can sell them to other people. Majority of people don’t know how to build websites, so you can do it for them and earn cash. This is a skill-based job, which leads us to our fifth passive income.

Photo, Art and Music Royalties

If you have the talent, skill and passion for photography, art or music, then you can use this to your advantage. Many people sell their works to sites like Shutterstock, Spotify or Pond5.

Photography and Art

Ever wonder where stock photos come from? People all over the world sell their photography and art to stock photo sites like Shutterstock. Each time a person downloads your work, you get paid through royalties. The work you uploaded is still yours, but you get paid when people use it.

If you want to upload videos, you can do that on Pond5 and whenever someone downloads it, you also get paid in royalties.

Music

You can upload your music onto platforms like Spotify and Pond5. On Spotify, you get paid every time someone listens to or downloads your music. Pond5 on the other hand is most famous for its sound effects. You can upload random sounds on Pond5 and you get paid through royalties whenever someone downloads it.

Peer-to-Peer Lending

Peer-to-peer lending is basically just lending money to other people, but you earn interest when they pay you back. It’s a bit riskier than other types of passive incomes or investments, but if you’re lucky, you can get loads more money than in other types of investments.

There are multiple platforms on the internet where you can do peer-to-peer lending. Many people engage in this investment because it’s a cheaper option than banks or other lending companies. The people who engage in peer-to-peer lending are usually business owners who need funds for their business.

With peer-to-peer lending, you’re letting your money grow while it is in someone else’s hands. Not only is your money growing, you’re helping someone in need of financial aid.

Stocks, Dividends and UITF

This is a popular type of passive income that many Filipinos engage in. Though some people lose more than they earn, you should not be afraid of investing in the stock market.

This is the trick to not losing money. Don’t put all of your savings into the stock market. Start small, so it can grow big. If you start small, you lose less money, but if you start big, you might lose all of your savings.

Another trick is to familiarize yourself with the stock market first because how can you do things properly if you don&#;t know what you&#;re doing? A lot of people who go into the stock market don’t know what they’re doing, so they end up losing money. It is important to research first before jumping into investments.

The final trick is to have a strategy. Don’t blindly buy and sell stocks. You need to have a plan, so you earn more than you lose. Think first and see if the value of the stocks benefit you before buying or selling them. Having a strategy lowers your risk rate.

If you want, you can put your money into UITFs or mutual funds. These are investments, but instead of you handling them, you pay a fund manager to buy, sell and manage stocks for you.

In stocks, you can also earn from dividends. The company you invested in will pay all of their shareholders, so that you earn from interest.

Cryptocurrency

Cryptocurrency is very similar to stocks. You invest in digital currency, then buy and sell according to its value. It also has the same principles as stocks, start small at first, familiarize yourself with cryptocurrency and have a strategy.

Don’t worry, eventually you will learn from your mistakes and see which strategy appeals to you the most. Everybody starts as a beginner and you’ll get a hang of it soon.

Nonetheless, cryptocurrency has been extremely popular these days all over the world. Many youngsters are starting to invest in cryptocurrency. It’s actually better to start as early as possible because with time, the value of your cryptocurrency will grow. Just make sure that you think before buying and selling and you’re good to go.

Time Deposit Account

Time deposit accounts are especially beneficial for children. You can put savings into this account and as long as you don’t touch the money, it will grow because of interest.

Related: Open a Time Deposit with 6% Interest for 6 Months with Tonik Bank

Pick a bank that offers big interest. With time, your money will grow. It won’t be fast, but at least your savings are slowly increasing. This money can be used for your children’s education or an investment in the future.

Time deposit accounts are ideal if you need a form of financial security. The money in your account can be used in case you need to pay for a medical emergency or if you need retirement funds. The longer you leave it in there, the more you’ll earn in the long run.

This type of investment is super low-risk and takes earning money while you sleep quite literally.

However, the downside nowadays is that the interest earned on traditional time deposit account is low, around to 1% per annum, that the inflation rate eclipse the interest earned plus withholding tax fee. Your money is losing value instead of preserving and having capital appreciation.

Its advisable to only keep emergency fund on your bank account and divert your other resources to higher earning interest product available like Tonik bank, the first ever digital bank available in the Philippines available in iOS and Android app store.

Buy a Business

When you buy a business, you’re letting someone think of a business idea for you, so you can make it work. You don’t have to start a business from rock bottom because you’re buying someone else’s already established business. This is a lot easier don’t you think? All you have to do is manage the business.

You can hire employees to manage the business for you while you work your main job. Now you can have two high profit jobs!

You don’t have to completely own and handle a business. You can be a co-owner and still have a share of the profits. Just make sure that you have a trustworthy business partner, so you don’t run into any problems in the future.

The Takeaway

When it comes to passive incomes, get creative. Think of a way &#;absolutely, any way&#; that can help you profit. Passive incomes are built to be more flexible than your main job.

If you don’t have the required skills to do something, don’t worry! Did you know that you can learn everything on the internet? There are millions of videos on YouTube that can teach you anything skill-based. Cooking, drawing, crafting, building, engineering, vlogging, everything is there. If you’re good at a skill, you can teach people how to do it on YouTube and you’ll profit. Creative, right?

With multiple streams of income you’ll earn big time in no time. Don’t stress it, with every failure, you’ll earn both money and knowledge through experience.

If you have any questions, feedback or suggestions about this topic, you can leave us a comment below.

Tags:passive income

Real estate in the Philippines:
A powerful source of passive income

Real estate in the Philippines can earn passive income for OFWs and Filipino immigrants. You can do this even without shelling out money or breaking your back. There is always demand because people buy good Philippine real estate for sale.

That's what Eden Alemania Dayrit does. She finds houses for sale in Manila or nearby areas and buys those with good profit margins.

Good deals never run out because foreclosed properties glut the real estate market.

Eden sells at profit or puts those properties into rent to own. Selling houses provides one-time quick cash at almost no risk.

Rent to own houses gives her monthly passive income for years to come. The process earned her first million in less than a year, at age 25! She's now

Keep on reading to find out how she is doing it. And use the form below later to ask a question or share your comment.

Eden spoke at the Think Rich Quick Seminar on 27 March in Manila. The event was organized by Trace Trajano, a US-based Filipino real estate investor and author of “Think Rich – Quick!”.

Eden’s first deal on real estate in the Philippines

A townhouse worth PHP4 Million, she bought it in a bank auction at 50% off the price. That was PHP2 Million in outright savings! The bank required 20% down only and she got hold of the Manila property for just PHP,

Not only that. Finding real estate investors to fund the deal, Eden got PHP, from an investor. She only shelled out PHP24, plus minor expenses.

In 7 weeks the house sold with PHP, down from the buyer. Eden recouped their money and earned from the down payment alone.

The house now earns a passive income through rent to own. Less payment to the bank, Eden and her investor split the profit 50/

What did she do out of the box? She marketed this property two weeks before she acquired it.

How Eden acquired this piece of real estate in the Philippines

It was not a walk in the park, but persistence paid off.

Browsing the free foreclosed homes listings in the Sunday papers, she stumbled into a gold mine. This townhouse in Quezon City showed potential because of its price and location – near UP Diliman and Ateneo. But the title was not yet consolidated.

She kept following up the consolidation of the title while looking for other houses for sale in Manila. She kept track of the status of the townhouse for auction through the Sunday papers.

She was thrilled upon learning from the bank that the title was consolidated. It would take a week to get a copy of the title from the bank. She got a copy of the title from the Registry of Deeds instead, in three days. The next Sunday she went to the auction, bid for the property and won!

Eden’s other deals on real estate in the Philippines

Eden went on to acquire other houses mostly in Manila. She bought a condo unit 32% off the price at PHP, cash.

A real estate investor gave PHP1,, for this diamond in the rough and she used the PHP, to fix the property.

The unit sold at rent to own with PHP1,, down and split the PHP22, monthly pay with her investor.

Eden also sold a house without buying and seeing it and made PHP, from it! The house was worth PHP Million and did not sell for over a year because a buyer offered PHP, only.

She got the house from a real estate seminar and sold it for PHP1,, through online marketing.

Eden has acquired some 15 properties since learning how to invest in real estate and taking action afterwards. About half of those real estate properties are on rent to own. These give her some six-figure passive monthly income for years to come.

Real estate is a good way of building a passive income for Overseas Filipino Workers or immigrants abroad. As Rich Dad, Poor Dad said, “Real estate is a powerful investment tool for anyone seeking financial xxx freedom.”

Attend a seminar on investing on real estate in the Philippines as a good start.

Return from Real Estate in the Philippines: A Powerful Source of Passive Income to How To Invest In Real Estate

Return from Real Estate in the Philippines: A Powerful Source of Passive Income to Overseas Filipinos home

Real estate in the Philippines:
A powerful source of passive income

Real estate in the Philippines can earn passive income for OFWs and Filipino immigrants. You can do this even without shelling out money or breaking your back. There is always demand because people buy good Philippine real estate for sale.

That's what Eden Alemania Dayrit does. She finds houses for sale in Manila or nearby areas and buys those with good profit margins.

Good deals never run out because foreclosed properties glut the real estate market.

Eden sells at profit or puts those properties into rent to own. Selling houses provides one-time quick cash at almost no risk.

Rent to own houses gives her monthly passive income for years to come. The process earned her first million in less than a year, at age 25! She's now

Keep on reading to find out how she is doing it. And use the form below later to ask a question or share your comment.

Eden spoke at the Think Rich Quick Seminar on 27 March in Manila. The event was organized by Trace Trajano, a US-based Filipino real estate investor and author of “Think Rich – Quick!”.

Eden’s first deal on real estate in the Philippines

A townhouse worth PHP4 Million, she bought it in a bank auction at 50% off the price. That was PHP2 Million in outright savings! The bank required 20% down only and she got hold of the Manila property for just PHP,

Not only that. Finding real estate investors to fund the deal, best passive income in the philippines, Eden got PHP, from an investor. She only shelled out PHP24, plus minor expenses.

In 7 weeks the house sold with PHP, down from the buyer. Eden recouped their money and earned from the down payment alone.

The house now earns a passive income through rent to own. Less payment to the bank, best passive income in the philippines, Eden and her investor split the profit 50/

What did she do out of the box? She marketed this property two weeks before she acquired it.

How Eden acquired this piece of real estate in the Philippines

It was not a walk in the park, but persistence paid off.

Browsing the free foreclosed homes listings in the Sunday papers, she stumbled into a gold mine. This townhouse in Quezon City showed potential because of its price and location – near UP Diliman and Ateneo. But the title was not yet consolidated.

She kept following up the consolidation of the title while looking for other houses for invest money in stocks uk in Manila. She kept track of best passive income in the philippines status of the townhouse for auction through the Sunday papers.

She was thrilled upon learning from the bank that the title was consolidated. It would take a week to get a copy of the title from the bank. She got a copy of the title best passive income in the philippines the Registry of Deeds instead, in three days. The next Sunday she went to the auction, bid for the property and won!

Eden’s other deals on real estate in the Philippines

Eden went on to acquire other houses mostly in Manila. She bought a condo unit 32% off the price at PHP, cash.

A real estate investor gave PHP1, for this diamond in the rough and she used the PHP, to fix the property.

The unit sold at rent to own with PHP1, down and split the PHP22, monthly pay with best passive income in the philippines investor.

Eden also sold a house without buying and seeing it and made PHP, from it! The house was worth PHP Million and did not sell for over a year because a buyer offered PHP, only.

She got the house from a real estate seminar and sold it for PHP1, through online marketing.

Eden has acquired some 15 properties since learning how to invest in real estate and taking action afterwards. About half of those real estate properties are on rent to own. These give her some six-figure passive monthly income for years to come.

Real estate is a good way of building a passive income for Overseas Filipino Workers or immigrants abroad. As Rich Dad, Poor Dad said, “Real estate is a powerful investment tool for anyone seeking financial xxx freedom.”

Attend a seminar on investing on real estate in the Philippines as a good start.

Return from Real Estate in the Philippines: A Powerful Source of Passive Income to How To Invest In Real Estate

Return from Real Estate in the Philippines: A Powerful Source of Passive Income to Overseas Filipinos home

At some point in our lives, we’ve probably dreamed of earning money without doing anything, right?

After all, who doesn’t want to live like that? We all know people who seem to earn a lot of money even while sleeping. They’re earning passive income in the Philippines and living the good life.

But what exactly is the meaning of passive income? As from the word passive, it’s the income you get from doing things that require little to no effort at all. It’s different from active income where you get paid as you work.   

If you want to earn passively too but don’t know how to start, it’s a great thing that you’re in this blog post! This is because I’ve listed down 38 passive income ideas in the Philippines.

Without further ado, let’s dive right into it!

Online Business Ideas for Passive Income Philippines

Nowadays, a lot people earn money online. Most of them don’t even require a lot of effort to maintain unlike a traditional business. Because of this, I’ve listed down the best online business ideas for best passive income in the philippines income in the Philippines.

1. Blog/Vlog

Money Needed to Start: Blog (Min. ₱), Vlog (₱0)
Time it best passive income in the philippines to Start Earning: Blog ( months), Vlog (When the criteria have been met)
Things You Need to Start: Laptop/Computer and Internet Connection
Potential Passive Income: YouTube (Around $18/1, ad views), Blog (₱5,+/monthly)

These days, who doesn’t have a YouTube channel right? One of the best ways to earn online today is through YouTube. But here’s the problem – it’s not easy.

You’ll need a lot of motivation, unique content and consistency, and this is just the minimum! But if you think you can handle these, then by all means start one now!

When you look at Jamill, it seemed like they took the world by storm. Now earning millions, a month, it’s surprising that they actually started since They just started to get traction in and since then, their videos always get a minimum million views nowadays.

Creating videos might sound like the perfect way to earn passive income in the Philippines for extroverts. But for introverts like me, this isn’t an option.

Thankfully, there are still many people who read blogs! I’ve created the Pesohacks blog in and it has just recently given me passive income every month. Though it’s still small, it will only get bigger as time goes on.

If you also want to earn money through blogging, I suggest you start right away because this is a long game.

2. Sell information products

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection, camera, website/platform/social media accounts
Potential Passive Income: Upwards of ₱1,/month

If you have a valuable skill or knowledge, why not teach people and earn at the same time? Nowadays, you can sell a lot of information products on the internet alone.

You just need to have some skills, experience and the ability to teach people. The more in-demand your knowledge/skill is, the more people will pay for you to teach them.

If you don’t know what information product to sell, here are some ideas:

• Online courses
• eBooks
• Software
• Apps
• Audio
• Podcast

3. Buy and sell websites

Money Needed to Start: Minimum ₱1,
Time it best passive income in the philippines to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection, debit/credit card
Potential Passive Income: $0 – $+/month

You’ve probably heard of buying and selling cars, clothes and various items. But did you know that you can also make passive income in the Philippines by flipping websites?

If you know how to spot a good website to buy and sell, then you can potentially earn a lot of money monthly! There are a lot of people willing to pay good money for good websites.

Here are the best websites for website flipping:

4. Affiliate Marketing

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection, website/social media accounts, YouTube channel
Potential Passive Income: Average 30% of the product/service you’re promoting

Have you ever promoted or shared your friend/family’s best passive income in the philippines on social media? If so, you’ve already done affiliate marketing!

Well, at least you have the general idea of what this is now if you do. In the business world, affiliate marketing is a way for people to earn money by promoting products/services to their audience.

Basically, you get a commission for every referral/sale that you can make. Personally, I’ve earned thousands from affiliate commissions from this blog through Canva among others. Because of this, I know that you can earn a lot here especially if you have an engaged audience.

5. Create apps

Money Needed to Start: Google Play Store ($25 fee), Apple Play Store ($99/annual), Minimum $25 subscription to app creation site
Time it takes to Start Earning: 1+ month
Things You Need to Start: Laptop/computer, best passive income in the philippines, internet connection, subscription to an app creation website/an app programmer
Potential Passive Income: Thousands of dollars per month

As an online freelancer, I once had a client where I wrote articles mainly for his apps in the Google Play Store. What shocked me the most was that he didn’t even know how to create apps. He just utilized some cheap app building websites such as GoodBarber and AppsZero and he’s making thousands of dollars per month!

If you thought that he must have some hit games or unique to earn this much – he doesn’t. His apps mainly consist just of information ones that you can easily find everywhere on the internet. He just hires writers like me to help him write these and compile it.

You see, you don’t need to wait for the best passive income in the philippines best idea to start making passive income here. Best passive income in the philippines told me that you just need to make what people are searching. Search for keywords that people are typing into the app store/Play Store and create an app that can satisfy their needs.

If you’re curious as to what apps he’s made, here are they.

6. Sell photos online

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection, digital camera, image-editing software
Potential Passive Income: $$ per image

If you have a passion for photography, why not use it to earn passive income in the Philippines? There’s a lot of demand for stock photos nowadays especially since more and more businesses are going online.

Of course, the more unique and high quality your photos are, the more you can earn in here!

Here are the best sites where you can sell your photos:

• Adobe Stock
• Shutterstock
• Etsy
• px
• Alamy

7. Sell your videos

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection, digital camera, video editing software
Potential Passive Income: Hundreds of dollars per month or more

Similar to selling photos online, you can also sell stock videos to various websites. The income you can generate here depends on the type and best passive income in the philippines of videos you sell as well as the niche.

However, you can certainly earn money here without doing a lot! Most importantly, you can also sell online courses, tutorials or other videos other than stock if you like.

Here are the best websites where you can sell your videos:

• Uscreen
• Udemy
• Teachable
• Amazon Video Direct
• Skillshare

8. Outsourcing

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection,
Potential Passive Income: ₱1,+/month

If you’re an online freelancer like me, you can maximize your time to make more money! If you want to earn some passive income online, you just best passive income in the philippines to learn to outsource.

The way this works is that you delegate some tasks to other freelancers. I’ve tried outsourcing before when I couldn’t handle all the articles assigned to me. But take note that I still paid the freelancers I hired an acceptable rate per article.

With this, I’ve earned some extra thousands per month on top of my freelance work. Just make sure that you screen the freelancers you hire so you won’t have any problems.

9. Online Selling/Dropshipping

Money Needed to Start: Around ₱5,
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection,
Potential Passive Income: ₱10,+/month

During the pandemic, we’ve been forced to stay at our homes and best passive income in the philippines for new ways to earn money. A great way to make extra income online in the Philippines is by online selling. Plenty of Pinoys have been doing this before but their numbers ballooned when the pandemic started.

Depending on your products and how many you can sell, you can potentially earn thousands per month just by selling online. But did you know that there’s another way to sell online without making or having the product yourself?

It’s called dropshipping. You’re basically just a middle man in here. The way this works is that you’ll find products that you’re going to promote on your website and socials. Then, when a customer orders from you, you’ll order from your supplier and they’ll ship them directly to the customer.

This way, you don’t have to touch any product at all! You’re just in charge of marketing your products. If you didn’t know, plenty of Pinoys have already made millions just doing this.

Join these helpful Facebook groups to help you start dropshipping:

Dropservicing

Money Needed to Start: Less than ₱1,
Time it takes to Start Earning: Immediately
Things You Need to Start: Laptop/computer, internet connection, a website
Potential Passive Income: ₱5,+/month

If you don’t want to sell products, why not try selling services instead? So, instead of dropshipping, dropservicing is a way to sell services without doing them yourself.

The way this works is similar to dropshipping – the only difference is that you’ll sell services this time, best passive income in the philippines. Typically, you’ll sell freelancing services such as the following:

• Web design
• Content writing
• Digital marketing
• FB Ads
• SEO
• Lead generation
• And more!

You just need to promote these services on your website and social media accounts. But to take it to the next level, you can use Google and Facebook ads to reach more potential clients.

Then, you’ll just need to find reliable freelancers to do the job for you on top sites such as UpWork, Fiverr, www.oldyorkcellars.com, and Freeeup. Of course, you’ll need to charge a bit higher to profit in here. But generally, best passive income in the philippines, you’ll need to find affordable freelancers that provide high-quality services.

Use Shopback

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Smartphone, internet connection, Shopback app
Potential Passive Income: Up to 30% cashback/purchase, ₱ per invite

If you want to make extra income in the Philippines with just your smartphone, then this app is perfect for you! Shopback is a rewards app that gives you cash back every time you shop online using the app!

The higher the price of the item you buy, the more you can earn! This is perfect for you if you’re always shopping online as is the case with millions of Pinoys.

Aside from that, you can earn from inviting your friends and family to register in the app! Each successful invite gives you and your friend P!

Get your P bonus now when you create an account in Shopback using my link!

Live Streaming

Money Needed to Start: ₱0
Time it takes to Start Earning: After several months
Things You Need to Start: Smartphone, internet connection, Computer/laptop, microphone/headset with mic
Potential Passive Income: More than ₱5,/month

If you have a passion for making people laugh or for making enjoyable content, why not try live streaming?

Millions of people worldwide make money here by just sitting on their computer doing things they love such as gaming, selling, webinars and more.

Popular Filipino gaming streamer Edgar Dumali (Choox) is now earning hundreds of thousands per month. He is known for his funny commentaries playing Mobile Legends. Now, he has earned enough to put up a huge house.

If you have a talent for gaming or entertaining why not share it online?

Facebook Pages

Money Needed to Start: ₱0
Time it takes to Start Earning: After a month or two
Things You Need to Start: Computer/laptop/smartphone, internet connection, Facebook page/s
Potential Passive Income: Unlimited

Filipinos are at the top 10 list of the most number of users who use Facebook with over 71 million. But did you know that there are a lot of passive income opportunities through Facebook?

Since a lot of us are already familiar with Facebook, this topic will be easy to discuss, best passive income in the philippines. You just need a Facebook page to start earning! Here are the different monetization tools that Facebook currently offers:

• Instant Articles
• In-stream Ads
• Fan Subscriptions
• Stars
• Paid Online Events
• Brand Collaborations

If you’re focused and determined, it’s not impossible to make best passive income in the philippines and even millions per month here like the one I saw. Join this group if you want to have free support: Facebook Ad Breaks Monetization (Philippines Group)

Print on Demand

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: Best passive income in the philippines, internet connection, Account on print on demand websites
Potential Passive Income: 10%% profit margin average per product sold

The trend of not needing products on hand continues in print on demand! Here, you just need to create your own designs that you can put in various products such as shirts, mugs, bags, and more.

You don’t need any products on hand as the website will automatically ship the products that the customer ordered to them. You’re just in charge of design and marketing your products.

As this is a popular way to earn passive income online, you can cater to international as well as local customers, best passive income in the philippines. A lot of Pinoys are earning passive income in the Philippines without all the hassle through this method.

With that said, here are the most popular and reliable websites you can apply to start your print on demand business:

International

• Redbubble
• Teespring
• Zazzle
• TeePublic
• Bonfire

Local

• www.oldyorkcellars.com
• Merchiful
• Transferit

Become a social media influencer

Money Needed to Start: ₱0
Time it takes to Start Earning: After several months or years
Things You Need to Start: Computer/laptop/smartphone, internet connection, social media accounts
Potential Passive Income: Unlimited

Nowadays, the term social media influencer is being used a lot. But what does this really mean? In simple terms, best passive income in the philippines, these are people who have built a following and reputation because of their knowledge and expertise on a topic.

Contrary to popular belief, you don’t need a certain number of followers to be considered an influencer. Rather, it’s your impact on your audience and people.

Because of your “influence”, you can make passive income in the Philippines without doing a lot. Here are some of the most popular ways you can make money as an influencer:

1. Produce content (Videos, blogs)

2. Sponsored posts

3. Becoming a brand ambassador

4. Affiliate Marketing

5. Create your own products/services

Resell items on eBay

Money Needed to Start: ₱1,
Time it takes to Start Earning: In weeks
Things You Need best passive income in the philippines Start: Computer/laptop/smartphone, internet connection, eBay account
Potential Passive Income: ₱1,

There are a lot of items that you can find or cheap on eBay. You can then try to buy and sell these for a profit!

But to be successful here, you’ll need to see which items are trending and verify the items first.

Email marketing

Money Needed to Start: ₱0
Time it takes to Start Earning: Around several months
Things You Need to Start: Computer/laptop/smartphone, internet connection, email subscription service
Potential Passive Income: Depends on the products/services you offer

If you have a business whether online or offline, you can generate a lot of income from email marketing.

If you didn’t know, email marketing is just what it is – sending emails to promote your products/services. But this is just the basic definition. If you know what you’re doing, you can generate a lot of sales by sending out emails!

Investments that Generate Passive Income Philippines

If you don’t have a lot of time but you have some extra money to spare, these investments are the perfect passive income ideas for you! Here, you just need to know what you’re getting into before investing. I’ve compiled all the best investments for Pinoys here.

Pag-IBIG MP2

Money Needed to Start: Minimum of ₱/remittance
Time it takes to Start Earning: In a year
Things You Need to Start: Pag-IBIG Fund membership, money
Potential Passive Income: Average MP2 dividend rate is at %

The Pag-IBIG MP2 savings program is a voluntary platform for members to save. This is one of the most secure and of the highest yielding savings program in any government agency. This is why in the past years, there are more and more people investing in here.

The average interest rate for MP2 is at % for the past 3 years (). But your savings will only have a 5-year maturity. After that, you can re-invest your earnings.

But the best thing about this savings program is that it’s government-guaranteed and there’s no limit to how much you can save!

Stocks

Money Needed to Start: Minimum of ₱1, (Col Financial)
Time it takes to Start Earning: Depends on when you want to sell your stocks
Things You Need to Start: Stock broker/platform, money
Potential Passive Income: Average of 12% per year

Investing in the stock market remains one of the best ways to earn passive income in the Philippines. Although there’s a higher risk in here than just parking your money in banks, it can also give great rewards.

Whether you decide to become a trader or a long-time investor, you’ll need to do your research. It’s always safe to just invest for a long time for your retirement. But you should only invest in blue-chip stocks to minimize the risks if you’re going this route.

To help you, here are the best websites where you can start investing in the Philippines stock market:

• First Metro Securities
• COL Financial
• BDO Nomura
• BPI Trade
• Philstocks

Bonds

Money Needed to Start: Minimum of ₱5, (www.oldyorkcellars.com)
Time it takes to Start Earning: Usually lasts 2 years
Things You Safest place to purchase bitcoin to Start: money, broker/platform
Potential Passive Income: Average of 3% – 8% interest rates

If you have extra cash lying around, it might be a wise idea to invest it in bonds. Bonds are a type of investment that represents a loan by an institution/government to an investor.

Bonds are one of the best ways to earn passive income in the Philippines since they are best passive income in the philippines risky than stocks. The way you earn here is through interest rates. Obviously, the longer the term and the more money you lend, the more you best passive income in the philippines earn.

You can invest in bonds through private institutions such as banks in the Philippines. Or you can invest in government bonds. Thankfully, you can now invest through an app called www.oldyorkcellars.com which makes the process as simple as possible.  

UITF (Unit Investment Trust Funds)

Money Needed to Start: Minimum of ₱1,
Time it takes to Start Earning: Minimum1 year
Things You Need to Start: money, broker/platform
Potential Passive Income: 4% up

Unit Investment Trust Funds or UITFs basically consists of different investments such as Money Market Funds, Bonds, Balanced Funds and Stocks. Unit Fund managers are the ones who will manage your investments so you don’t have to.

Because of this, many investors choose this type of investment especially those that don’t have the time to manage their investments. However, it’s worth noting that the potential income here varies widely across different institutions.

Cooperatives

Money Needed to Start: As low as ₱1,
Time it takes to Start Earning: In 1 year
Things You Need to Start: best passive income in the philippines, a cooperative to invest in
Potential Passive Income: Average of 7% (SEDPI)

Cooperatives are enterprises that are created for the people of a community to create a livelihood. Because of this, coop members make contributions to establish the enterprise.

Back then, you can only invest in cooperatives in your area and you need to do it in person. But nowadays, best passive income in the philippines, you can invest in cooperatives online! Thanks to Social Enterprise Development Partnerships, Inc. (SEDPI), you can now do so. For as low as ₱10, you can potentially earn 7% interest rates annually. Just message him here.

Investment Crowdfunding

Money Needed to Start: As low as ₱1,
Time it takes to Start Earning: In less than a year (depends on the terms)
Things You Need to Start: money, a platform to invest in online
Potential Passive Income: 5% up

Investment crowdfunding is a way for businesses to raise capital best passive income in the philippines start or expand their operations. If you’re looking for another way to invest in companies aside from stocks and bonds, best passive income in the philippines, this is the next best thing!

There are already plenty of platforms that connect investors and businesses in the Philippines online. You’ll just need to select which ones you want to invest in and take things from there. This is a great way to earn passive income in the Philippines since you don’t have to do anything else!

To save you time, I’ve researched the most popular crowdfunding platforms here in the Philippines.

High-interest Digital banks

Money Needed to Start: As low as ₱
Time it takes to Start Earning: After a month
Things You Need to Start: money, a digital bank app
Potential Passive Income: 3% up

Tired of storing thousands of pesos on your bank account only for it to earn 1% interest or less? This is a sad reality for most Pinoys. But the banks aren’t to blame as well since they’re not primarily an investment firm.

But if you want your money to earn more than what banks are giving, then consider storing them in digital banks. Most digital banks in the Philippines today give an average of 3% interest rates per annum. Some even go as high as 4%!

Also, your interest earnings are credited monthly directly to your account which is accessible through an app. If you’re best passive income in the philippines to earn more from your savings, here are the best digital banks in the Philippines:

• CIMB
• ING
• GCash Save via CIMB
• Komo
• Diskartech(Input this code to receive ₱30 when you sign up: AASN)

Cryptocurrencies

Money Needed to Start: As low as ₱
Time it takes to Start Earning: In days
Things You Need to Start: money, a cryptocurrency exchange platform
Potential Passive Income: Depends on a lot of factors but usually around 10% interest

In this day and age, we no longer use cash as much as decades ago due to the presence of credit cards and other money wallet apps. But if you haven’t heard of cryptocurrencies already, you might be living under a cave.

They made huge headlines over the past years as their values rose best passive income in the philippines incredible heights. Countless people have become millionaires overnight as a result. Today, they are still a great way to earn passive income in the Philippines since they’re similar to stocks.

But do note that there are a lot of scams out there right now involving cryptocurrencies. You should only conduct business in verified platforms and avoid conversing with individuals you don’t know regarding this.

If you’re looking for an easy and simple way to invest in cryptocurrencies, why not try www.oldyorkcellars.com?

VUL

Money Needed to Start: As low as ₱1, monthly investment
Time it takes to Start Earning: In 5 – 20 years
Things You Need to Start: money, a VUL policy from an insurance company
Potential Passive Income: Average returns on Equity and Bond: % and %

Nowadays, there are so many types of insurance that you’re probably confused about now. But in this one, we’re going to focus on the type of insurance that also has an investment feature called Variable Universal Life insurance or VUL.

Simply put, this is a life insurance policy that also invests your money through different vehicles such as equity funds, fixed income funds, and balanced funds.

What’s great about this is that your money is earning as you continue paying your premiums all while you’re insured! But since this is a long-term investment, this should just serve as a secondary investment option for you.

Peer to peer lending

Money Needed to Start: As low as ₱5,
Time it takes to Start Earning: Depends on the term (months, years)
Things You Need to Start: money, a P2P platform
Potential Passive Income: Average returns of 10%%

We’ve all heard of the term paluwagan and by now. These are the informal ways to invest your money by lending it to people.

But now there are a lot of Peer to peer lending platforms in the Philippines in which you can earn passive income. These P2P platforms allow you or a group of people to lend money for a loan best passive income in the philippines will earn interest. This is a more secure way of lending funds since there’s a platform that governs every transaction.

Here are the top P2P lending platforms in the Philippines right now:

• FundKo
• Blend PH
• UpLoan
• Vidalia

Business Ideas for Passive Income Philippines

best passive income in the philippines src="www.oldyorkcellars.com" alt="Business ideas philippines for passive income">

If you want to earn passive income in the Philippines the traditional way, here are the best business ideas for you. Most of these require little to no effort at all but they take more time and money than the ideas above. But among all ideas here, these have the highest income potential!

Rental Income

Money Needed to Start: Minimum of ₱,
Time it takes to Start Earning: After construction
Things You Need to Start: money, land, barangay clearance, building permit and occupation permit as well as other permits.
Potential Passive Income: Depends on a lot of factors. Ex. 3 doors for ₱6, = ₱18, gross monthly income

When we think of passive income, one of the first things that may come to mind is apartments and dorms. Unlike other businesses, you don’t need to spend much here after the construction of the building.

You just need someone to look after the apartment from time to time while you are earning passively.

But if you want to venture into this business, you must be prepared to shell out large amounts of money at first. You will only get your ROI or return on income after a year or years of operation.

Royalties

Money Needed to Start: ₱0
Time it takes to Best passive income in the philippines Earning: Immediately
Things You Need to Start: money, digital assets, digital platforms
Potential Passive Income: $$ per image, hundreds of dollars per month for videos, and $ to $ per stream on Spotify

If you have a talent for taking great photos, best passive income in the philippines, audio and songs as well as videos, you can earn passive income in the Philippines from it!

The way this works is you just need to upload them to platforms. Then as people use them, you can earn money even while you’re sleeping. You can use sites such as Shutterstock, Spotify, Pond5, and more!

Ukay ukay – Don’t need to have a shop. You can sell online.

Money Needed to Start: As low as ₱5,
Time it takes to Start Earning: Immediately
Things You Need to Start: money, supplier, a place or a platform to sell
Potential Passive Income: Minimum ₱50/item

The Ukay Ukay business is unique and popular in the Philippines. This can be a great source of passive income in the Philippines as you don’t even need to have a physical location to start one.

Although you can have your physical shop set up, nowadays sellers just use Facebook as a marketing tool. If you’ve come across plenty of sellers doing live videos on Facebook recently, chances are you already know how this works. You just need a page or your personal Facebook account to start. Not to mention, a reliable supplier where you can get your goods from.

From there, you’ll just need to do sort of a bidding live video for all your items. If everything goes smoothly, you can earn a lot here! If you want to find a supplier online, just join this FB group, best passive income in the philippines. Take note that you need to be careful when you deal with best passive income in the philippines suppliers online as not all of them are trustworthy.

Buy an established business

Money Needed to Start: As low as ₱10,
Time it takes to Start Earning: In months or years
Things You Need to Start: money, an established business
Potential Passive Income: Depends on the business you’re going to buy

Nowadays, it’s easy to start a business here in the Philippines. What’s hard is surviving through the first few years and establishing a name. If you don’t want the hassle of going through all of this, best passive income in the philippines, there’s always an option of buying an established business!

What’s great about this is that you can potentially grow the business into a much larger and profitable one – if everything goes well. But as in business, there’s still a lot of risks.

This is why you need to choose carefully what business you’ll buy and have appropriate people look into every aspect of the business especially their financial statements if they have one. But if done right, you can potentially earn thousands or even millions of passive incomes in the Philippines by doing so.

Airbnb

Money Needed to Start: As low as ₱10,
Time it takes to Start Earning: In months or years
Things You Need to Start: money, an established business
Potential Passive Income: Potentially ₱14, for 10 guests (Calculated using Airbnb Calculator)

Do you have an extra bedroom? Or you have an entire house or apartment that you want to turn into a business? If you want to reach more people, put out your listing at Airbnb.

This is especially great for people who are already in the renting business but are having a hard time getting people to notice your business, best passive income in the philippines. Take advantage of Airbnb’s search feature that would allow visitors to search for the perfect room or house best passive income in the philippines rent when they’re in the area.

You can potentially earn thousands of pesos of passive income in the Philippines just by doing this.  

Invest in a Business

Money Needed to Start: As low as ₱10,
Time it takes to Start Earning: In months or years
Things You Need to Start: money, a startup business
Potential Passive Income: Depends on the business

One of the best passive income ideas in the Philippines is to invest in a business. If your friend is planning to start a business soon or is in the startup phase (Within 12 months), it would be a good idea to invest in it.

You just need to talk about the specifics of what your responsibilities are and your share of the profits and put it into writing. This way, best passive income in the philippines, you’ll earn passively as the business grows.

Rent your vehicle

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: a vehicle
Potential Passive Income: ₱1,+ per day

If you have a car that you don’t use often, you can consider renting it out to people for a price. There are a lot of people who need cars for various purposes here in the Philippines.

The most popular reason for renting a car here is for travel purposes. But they can use it for moving and other things. Aside from the car, you won’t have a lot of expenses in running best passive income in the philippines kind of business which is why it’s one of the best ways to earn passive income in the Philippines.

Vending Machines

Money Needed to Start: Minimum of ₱10,
Time it takes to Start Earning: Immediately
Things You Need to Start: vending machines, products, best passive income in the philippines, money, a good location (ex. hospital, school, offices)
Potential Passive Income: 5% + margin per product

A vending machine business is among the top businesses that best passive income in the philippines come to mind when you ask people about passive income. While it’s true that you don’t need to do a lot in here to earn money, there’s a lot of factors to consider first.

First, you need to know what products you’re going to sell. There are so many types of vending machines nowadays that it’s hard to choose. For instance, you can have a coffee vending machine, tissue, loading, or the typical snack vending machine.

Then you’d also need to choose a good location preferably in places where a lot of people naturally walk by. Think of hospitals, schools, business establishments and offices. Of course, you’d need to have a permit when you want to conduct business in any place other than your own.

Lastly, the issue of finding a reliable supplier comes into play. If you’re interested in this kind of business, here are some great places to start:

Laundromat Business

Money Needed to Start: Starts from ₱,
Time it takes to Start Earning: Immediately
Things You Need to Start: a physical store, coin-operated laundry machines, best passive income in the philippines helper
Potential Passive Income: Depends on a lot of factors (For a small one – close to a thousand per day)

There are plenty of laundry businesses popping up left and right even just here in our city in Tuguegarao. But since our topic for this article is passive income ideas in the Philippines, it wouldn’t make sense to include this as this business is laborious.

Instead, what we’re focusing on here is a type of laundry business called a coin-operated laundry business. This type of business is popular in the States but it’s slowly becoming recognized in the country.

What’s great about this is that you don’t have to hire a lot of people to do the laundry as the customers will do it themselves. This is perfect for customers who don’t have washing machines or don’t have the money to go to a laundry.

As there aren’t a lot of suppliers of laundromats in the Philippines, you can start by scouting in your area for one. Or you can visit this FB page of a supplier I found.

Be a Real Estate Broker

Money Needed to Start: ₱0
Time it takes to Start Earning: When you make a sale
Things You Need to Start: connections, a place where you can see all the assets being sold, real estate broker permit (optional)
Potential Passive Income: 5% up per sale

There are so many Pinoys who’ve made millions just by being in the real estate business. You don’t even need to have a company to be in this business nowadays. You just need connections, good convincing power and some assets to sell.

My auntie is a real estate broker who primarily deals with lands. Although income isn’t best passive income in the philippines, she earns hundreds and thousands of pesos each successful sale as commission. The best thing is, she doesn’t do anything other than just connecting the seller to a buyer.

If you have a lot of connections like she does, you can be in this business too! You don’t even have to sell land; it could be a house or a condo. But even if you don’t have a lot of connections, you can start by joining local Facebook buy and sell groups for real estate.

Consultancy

Money Needed to Start: ₱0
Time it takes to Start Earning: Immediately
Things You Need to Start: a professional background, knowledge and experience
Potential Passive Income: Thousands per month

If you are an accountant, lawyer or someone who has a lot of knowledge and experience on a particular subject, you can earn extra income in the Philippines through consultancy.

Basically, you could teach or help people with their personal or business needs. My mother who is an ex-OFW is now an online freelancer but she also does consultancy on the side. She offers accounting consultancy to clients as well as files their best passive income in the philippines not much work but she earns thousands per month just doing this. You can even turn this into full-time work or a company if it blows up!   

Passive Income Philippines – Final Thoughts

If you’re reading this, hopefully, you now have an idea as to what you’re going to do to earn passive income in the Philippines.

You can go for a lot best passive income in the philippines ideas here but I suggest you focus on first. Pick whatever resonates with you the most and I’m sure that you’re on your way to financial freedom!

Do you have additional passive income ideas to add? I’d love to hear them, comment them below!

If you love this post, read these next:

Dollar Sovereign Bonds are medium to long-term investments issued by governments denominated in US Best passive income in the philippines. Dollar Corporate Bonds

Dollar Corporate Bonds are medium to long-term investments issued by corporations denominated in US Dollars.

8. Certificate of Deposit

A certificate of deposit (CD) is a fixed income investment that are offered by financial institutions like banks. These typically have maturities of less than five years.

9. LTNCD

LTNCD stands for long term negotiable certificate of deposit. The typical minimum investment term is 5 years.

It&#;s liquid and tradeable in a secondary market prior to maturity, best passive income in the philippines. You&#;ll be paid with a certain interest rate at a schedule in exchange for holding it until it matures.

Pros & Cons of Fixed Income Securities

Pros:

• Can provide a steady stream of income
• Provides more stability than stocks
• In the event of a bankruptcy, they offer higher claim for assets
• Are mainly backed/guaranteed by the government

Cons:

• Due to its relatively safer risk value, the returns tend to be lower than other types of investments
• Money is locked in for a certain amount of time
• Can be susceptible to interest rate risk

3. Build or Buy Websites

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There are several ways how a website can earn money. Here are the top 3.

• Advertising &#; Earn money through payments from Google and advertisers by posting their ads on your best passive income in the philippines (via Google Adsense).
• E-Commerce &#; Earn money by selling products or services (or through dropshipping &#; selling products without the need of having inventory).
• Affiliate Marketing &#; Earn commissions and referral money by putting product links (example, link of a product page on www.oldyorkcellars.com) on your website.

Now that you know how a website generates revenue, it’s time to ask, “Build or Buy?”

Should you wish to build it yourself, I highly recommend checking out this guide for a primer.

But what about those who don’t have the chops or time to start from scratch?

Online services like www.oldyorkcellars.com and www.oldyorkcellars.com serve as marketplaces for those looking to buy or sell a website.

Why do it?

Like buying and selling physical businesses, there are several ways to make profit from applying the same concept for websites.

Let’s start with a simple analogy, a fishball stand. Let’s say the proprietor no longer wants to sell fish balls due to personal reasons. He offers to sell it to you.

You ask him about the details: how much is spent on raw fish balls, where he gets them, how much is the markup for each one sold, how much is the net earnings app para investir em bitcoin a day, what time of the day it sells fastest, and more.

After carefully analyzing all best passive income in the philippines, you decide it was a feasible venture. You buy the business from him, hire someone to man the stall and voila, you now have cash flow. After a few months, you realize that while the earnings are decent, managing the whole thing takes more time and effort than you’re willing to give. So you decide to sell it.

In the same vein, buying a website either for the purpose of running it or making income then later selling it are both possible online.

Building, buying or selling a website are legit ways to earn money.

No matter which route you take, do your due diligence, best passive income in the philippines. Be extra careful when buying websites as there are plenty of scams out there.

Take the time to know more about the whole process. Check out forums, read guides and real-world examples, review rating and feedback, and know how to properly scrutinize a website being sold.

There’s a learning curve to these things and if you put in the time and effort you might just score a nice passive income source.

Learn More: 6 Proven Ways to Make Money Online in the Philippines

4. P2P Lending or Microlending

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What’s P2P Lending?

Wikipedia offers an excellent explanation:

“Peer to Peer or P2P Lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers.”

Why lend money via P2P? Simple&#;P2P lending services that operate online, best passive income in the philippines, like Blend PH, FundKo, and www.oldyorkcellars.com, run at lower overhead costs versus traditional sources, like banks.

This allows them to offer higher returns to their lenders and lower interest rates for their borrowers. They serve as the middle man for pooling money from different lenders and connects them with borrowers. As an investor, there are several reasons why this looks promising:

• Potential higher ROI on your money versus keeping it in banks
• Simple process
• You can automate it then treat is as passive investment
• You get to help people in need

As with most ideas on our list, there is risk involved.

Mainly, the borrowers not being able to pay the money they borrowed. Make use of the tools and advice that these services offer to develop your strategy through risk assessment.

You can choose to lend all your money to one person or spread it among several borrowers, similar to picking stocks. This provides some flexibility on how your money gets managed.

What is Microlending?

Microlending or Microfinancing was originally designed as a financing system geared towards offering loans to small businesses and financially challenged individuals.

In this set up, loans are usually distributed among borrowers, vouching for each other through a co-signer system which lessens the risk of a default.

Unlike P2P, best passive income in the philippines, you won’t be pooling your resources with other investors in Microlending. Also, loans in Microlending in general are taken for kickstarting small businesses versus personal needs.

As the owner of a Microlending business, you’ll assume the full risk versus P2P’s structure where the risk is distributed among the lenders.

Still, it’s a viable passive income option through interest gain if you have enough resources and a strong community or group system supporting your endeavor.

Read Next:Top Online Lending Platforms and Banks to Get Online Cash Loans

5. Dividend investing: Buy dividend stocks

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With this strategy, your goal is to pick and invest in stocks that yield dividends. Dividends are money that shareholders (you) receive from the company for investing in them.

Think of it like a little cash reward.

There are potential gains involved if you choose to reinvest dividends over the years. Compound interest works wonders which can result to you ending up with more shares.

More shares = more money, best passive income in the philippines.

Through reinvesting, you&#;ll have a larger pool of capital in the future which can be a whole lot profitable than to simply cash in the money when dividends are released.

One thing to note though is that you may require a considerable amount (read: a lot) of funds to get worthwhile results from dividend investing.

If a dividend yields only % then you should not expect it to provide you with meaningful recurring income if your capital is relatively small, best passive income in the philippines. Best to look at it as another tool for building up your money for the future.

Useful resources:

6. Crowdfunded Real Estate & REIT

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What is Crowdfunded Real Estate?

Similar to P2P&#;s concept, Crowdfunded Real Estate allows for the pooling of money from different investors and then using that money either to buy or improve real estate properties. Like P2P, your gains will come from the interest on the money that you have lent.

We all know that real estate investing requires a ton of capital. Through Crowdfunded Real Estate, however, you can get good returns on your capital than to simply have it sit at the bank.

Not all investments are guaranteed winners though, so your due diligence is required here before you put in any money.

What is Real Estate Investment Trusts (REIT)?

Real Estate Investment Trusts or REIT, on the other hand, is a company that invests in real estate. They finance and operate real estate properties and even own them.

The idea is to open the gates to real estate investing to common folks by allowing them to invest in its portfolios. It’s similar to how Mutual Funds work. If you’re a REIT shareholder, you can earn the share of the earnings produced of these real estate investments.

This means you get to invest in real estate without the hassles of owning a physical property. Everything will be managed through the REIT.

7. High Yield Savings Accounts

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Putting money in the bank is perhaps the easiest way of saving and growing it.

Note though that “grow” might not be the best word to use if we’re discussing actual performance. Let’s face it, banks in general yield less-than-satisfying output for you money.

What to do?

Answer: Research.

Before putting your hard-earned money in the bank, it’s a good idea to exert effort in finding which one suits you best not only in terms of convenience but also based on interest rates.

Sure, the difference among their interest rates might be small. I would argue though that these “small” differences matter when your money starts to grow. It could mean the difference of netting several thousands of pesos more on your money after one year.

And since we’re talking about banks, this is quite a considerable sum.

Check out their websites, best passive income in the philippines, ask for brochures, talk to reps, and compare their packages. It’s an easy way to ensure better returns for your money.

Here’s a great rundown of the best savings account options in the Philippines.

8. Cryptocurrency Mining

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We first discussed about Cryptocurrencies in this article and discussed some of our picks for here. If you&#;re not familiar with Cryptocurrency, Bitcoins and Altcoins, we suggest reading these articles first to acquaint yourself with the whole thing and how it works.

What is Cryptocurrency Mining?

To earn these cryptocurrencies like Bitcoin and Altcoins, you lend your computer&#;s processing power. This process is known as &#;mining&#. You essentially get paid with cryptocurrency for doing this which you then store in a digital wallet for sending and receiving it.

While Bitcoin today is almost impossible to mine using regular computers, you can still mine Altcoins using services such as NiceHash. Then convert (or exchange) them to Bitcoin through popular and highly-secured cryptocurrency exchange platforms (ie: Poloniex and Binance).

But we&#;re getting ahead of ourselves.

Before anything else, it&#;s important to set proper expectations regarding what you can get from Cryptomining.

With countries like China operating dedicated centers with ultra-powerful mining computers, a novice miner simply can&#;t compete using consumer-grade equipment. It&#;s probably best to look at mining as &#;trickle income&#; rather than a steady cash flow stream.

Nowadays, it seems to make more sense to look at it from a hobbyist standpoint versus that of a serious enthusiast. This is because of the significant financial investment required to do some hardcore mining.

Aside from due diligence to researching and deciding best passive income in the philippines coin to mine, you may need to shell out some cash to buy the gear (rig) to get you started. Here’s what you’ll need.

• Custom Desktop PC (specced for mining)
• Good internet connection
• Mining Software (free or paid)
• Coin Wallet
• Membership in a &#;Mining pool&#; (community of miners) and online currency exchange (for exchanging your crytocoins for real cash or vice versa)

Electricity also plays a big role in this as mining consumes a lot of power.

Essentially, the more hashing power you can lend to the network, the more money you can earn. But building a powerful mining rig (or farm) could also be an expensive endeavor (cheapest one can cost around P80,).

Keys to succeed in this form of investment:

• Invest in cryptocurrencies and technologies you truly believe in (or you would personally use).
• Don’t just believe what we’re saying here. Do your own research!
• You can use mining profitability calculators from CryptoCompare and What to Mine to assess your potential investment’s feasibility &#; and to also determine the type of rig you’ll need to build to achieve your target profit.

9. Masternodes

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Not keen on mining? No problem, if you’re a Cryptocurrency veteran and owns a significant stash of coins, perhaps Masternodes are more suitable for your taste.

What are Masternodes?

A Masternode is essentially a server within a decentralized network. It can perform more advanced functions compared to regular nodes (Node = a computer connected to a cryptocurrency network).

If you think about it, this concept is similar to a regular network of computers, where the Masternode is the server and the nodes are clients.

Masternodes are needed in order to perform specific tasks that utilize the blockchain process. And since they require more resources to set up, owners are paid for “leasing” their Masternodes.

As we&#;ve discussed in this article, there are more than a thousand altcoins available. Masternode operators get rewarded depending on how a coin’s network operates. Some get paid once a day while some receive multiple payouts.

Here are the basic steps to become a Masternode operator:

1. Lock a significant amount of coins in a crypto wallet. The minimum varies depending on the cryptocurrency.
2. Set a storage space to best passive income in the philippines the blockchain.
3. Setup a server and dedicated IP to host the wallet 24/7

By keeping a certain amount (and locking it in within the network), you get rewarded and paid by the best passive income in the philippines (on a daily, weekly, or monthly basis).

For instance, DASH &#; one of the most popular cryptocurrencies today, pays their holders $2, (or P,) every month, for keeping 1, DASH in their wallets (that you can withdraw or use any time).

Where to find Masternode Coins:

Note:There are a lot of cheaper how to invest index funds canada coins that you can buy in bulk and earn a ton from every month (ie: Solarium &#; which is currently priced at $ per coin, and pays out holders &#; with at least 5, SLRC &#; $7,/month).

Stake Cryptocurrencies

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If you’re interested in earning money through cryptocurrency, you’ve probably heard about staking. For millions of investors and traders, staking allows them to earn a significant amount of money by holding cryptocurrencies.

As of the 2nd quarter ofthere is a staggering $ billion worth of assets that are locked for staking purposes. 

Before you try it, it’s important to understand how it works. 

What is Staking? 

Blockchains are databases where transactions are stored with no central authority that maintains them. Proof of Stake is a way to validate transactions by committing cryptocurrency assets in a blockchain network.

How it works

If you’re familiar with Bitcoin, you probably know about Proof of Work. Blockchains that use this strategy rely on powerful computers that compete to solve complex puzzles.

However, this is best passive income in the philippines expensive because it requires hardware. Aside from not being accessible to everyone, one criticism of Proof of Work is the environmental impact it poses.

Enter staking – a new model that does not need much energy.  

Cryptocurrencies use staking to add transactions to blockchains. The idea behind Proof of Stake is participants can lock their stake or coins at certain intervals.

Then, the protocol randomly assigns the right to validate the next block on one of the coins. The more coins you have locked up, best passive income in the philippines, the more chances you have to get chosen.

When a block is added to the blockchain, new coins are minted and distributed as rewards to the validator.

These rewards are usually the same cryptocurrency staked by the participants, but they can also be a different cryptocurrency. 

What Cryptocurrencies can you stake?

Here are the top cryptocurrencies you can stake.

Cardano

Ouroboros is the proof of stake algorithm used best passive income in the philippines Cardano. It divides time into epochs that have 21, slots, which are short periods that usually last 20 seconds. During this time, a block is created.

The epochs are led by slot leaders that create and confirm the blocks. The transactions created by slot leaders are approved by input endorsers who are chosen based on stakes. The reward in participating in the blockchain is split between the input endorsers, slot leaders, and multiparty computation stakeholders.

Algorand

Although this cryptocurrency was founded inits blockchain did not go live until It functions through proof of stake and supports up to a thousand transactions per second.

Its blockchain employs participant nodes, and relay nodes. To create a block, 1, participant nodes are chosen and one will be selected to add its block to the blockchain.

Polkadot

The network of Polkadot blockchain involves a Relay chain that has several parts called bridges and parachains.

For its governance system, it follows a method called Referenda, and the voting system engages the community by granting DOT holders voting rights.

To become a voter, you must lock your coins for the enactment delay period beyond the referendum’s end. You can also vote without locking, but the value will be reduced.

Tezos

Here, staking is called baking. For a block to be created, 32 endorsers and one baker are needed and they will receive 16 XTZ for completing the task.

Then, endorsers are chosen to verify if a block was baked correctly, and each one gets 2 XTZ.

Mina

Mina follows a system that takes snapshots of transactions in the blockchain to track its evolution, so it contains a set of photos.

It works through the help of verifiers who act similar to the nodes on bitcoin, the block producers whose function is similar to miners that earn block rewards, and snarkers who take best passive income in the philippines of transactions.

Snarkers are paid by block producers.

Ethereum

To stake on Ethereumyou need to lock up a set amount of ETH for a certain period.

People who stake are tasked to process transactions, store information, best passive income in the philippines, and add new blocks to the Beacon chain.

As a reward, they earn interest in the coins they have staked.  

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This Korean blockchain project offers staking on its native cryptocurrency. However, it uses a delegated proof of state consensus algorithm, which makes it different from Tezos, Algorand, and other cryptocurrencies.

This model means selected users find new blocks and verify the transactions, while others delegate coins to these entities.

Where can you stake cryptocurrencies? 

There are many platforms that allow their users to stake. These include:

The difference in staking in the platforms mentioned above are the fees, cryptocurrencies that are available for staking, and the locking period.

For example, staking is easy to best passive income in the philippines on platforms like Kraken since it’s already on the main menu, best passive income in the philippines. On Binance, it’s listed under “Earn,” together with lending, and other ways to earn passive income in crypto.

Another way to stake cryptocurrency is to delegate your coins to a validator that already has the appropriate setup. These people will do the hard work to maintain the node for you in exchange for a commission.

The different Staking as a Service or SaaS platforms best passive income in the philippines much can you earn from staking cryptocurrencies?

The earning potential in staking can be generous. For example, the current annual yield in Algorand is 5% to 6%. For Tezos, best passive income in the philippines, the annual yield of 6%, and for Mina, it is 12% of your locked coins. Polkadot offers one of the highest staking reward rates at 10%.

How much do you need to stake cryptocurrencies? 

Most PoS networks require a minimum number of coins to stake. For example, Tezos requires 10, XTZ. For Ethereumyou need at least 32 ETH.

However, there are coins such as ADA and ATOM that have no required minimum.

Royalties

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Artwork & Photographs

Got good eye in taking photos? Instead of locking them up in your hard drive, why not earn from it?

You don’t have to be a professional photographer to sell your photos. Online services like Shutterstock and iStock allows you to upload your photos and get paid in royalties for each download.

Audio & Sound Effects

The same can be done with audio. By licensing your music, you can upload it to online services (like Spotify) and get paid whenever it gets listened to or downloaded.

As for sound effects, you can sell your premium copies to sites like Pond5.

Pond5 also allows video content creators to earn money from their works by making it available to filmmakers, as well as digital & traditional advertising agencies looking for footages they can use.

You can also sign up at Patreon to sell your work to monthly paid subscribers, whether you&#;re creating music, videos, games, written stories, podcasts, animation, paintings, and even comics.

Sell Digital Products

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An online product or service that others find valuable can be a source of income for its creator. If you have some background in programming, best passive income in the philippines, you can make an app for addressing something that have always best passive income in the philippines you or find inconvenient.

Chances are, you’re not the only one and creating an app that solves this problem can be a great way to earn and help at the same time, best passive income in the philippines.  

If you want to discuss or share your knowledge about something you are passionate about, why not create an eBook or Audiobook about it? You can sell it on your website (or on Amazon) and earn from each download.

Online courses offered by Udemy is a framework for selling services. You can sign up for sites that serve as a platform for teaching then create video tutorials discussing topics you know a lot about. If you have background in website design, you can create WordPress templates and sell it to newbie site owners.

There’s a lot of options here. The key is to find your niche and create a valuable product or service that people will actually use.

Become a Silent Business Partner or Buy an Existing Business

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Simply put, you’ll invest money into a business venture but will not be participating in its day-to-day operations. This reduced responsibility provides a passive income avenue since you generally just need to help in funding the business.

This does not mean that you are safe from any financial risks, however. It’s advisable to have an official agreement or contract with your business partner to set clear terms and agreement on the partnership.

Buying an Existing Business

You can also choose the other route wherein you can buy an already established business that has its own process in place and has a proven history of making profits.

Places where you can find businesses for sale:

However, it’s crucial to understand how the business works, because you always have to expect for the worse to happen when you have your own business.   

Low Maintenance Business Ideas & Outsourcing

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OK, this one’s not entirely passive and may require a lot of work at the start. But when set up correctly, it can provide a good source of income with minimal activity on your end.

Vending machines is one example.

Types may range from coffee dispensers to charging stations. Once up and running, you just need to schedule its best passive income in the philippines and restocking depending on the machine.

If you think about it, you can apply this same low-maintenance framework even to regular business ideas. How?

Through Outsourcing.

By hiring contractors to do the bulk of the operations, you free yourself from the time and energy required from running your own business on a daily basis.

Yes, it can still be a hassle hiring and managing contractors. But if you figure this part out and build a solid team, they can run on autopilot and you&#;ll only need to check the reports and conduct regular meetings to set goals and review performance.

And by “contractors” I do not necessarily mean groups of people to run the business, best passive income in the philippines. It can be as simple as hiring a building manager for rent collection and other tasks.

Hiring your neighbor to make sure your three vending machines are working properly and well maintained. These are simple examples but I know you get my point.

Read Next: Complete Guide to Business Process Outsourcing to the Philippines

Business Franchising 

Putting your money into an established franchise business could also be a great source of passive income. Seeing that this type of investment offers a built-in process, wherein and they will mostly help you out in getting started and in its inner workings &#; even in finding a good location for your business. This allows you to have more free time as an owner.

Referral Source or Lead Generation

A lead is information on an individual. How can you earn from it? Through referrals.

Ever recommended someone to your company&#;s HR for a job position? That&#;s basically how this works. Most companies give out incentives to the employee who referred someone successfully.

You get to earn just by simply referring someone.

Online, the same core principle applies. Let&#;s say you have a website about dogs that have a strong local following. As a dog owner yourself, you know of a great pet grooming store and visit their shop regularly.

You can pitch to the best passive income in the philippines to exclusively promote their best passive income in the philippines in your electrician or plumber make more money. Or you can ask your website visitors to sign up to your newsletter (where you can send out recommendations on good pet products or stores) so you can gather their contact info upon signing up.

Using this info, best passive income in the philippines, you can generate leads on people who are pet owners that the store you tied up with can easy ways to make money business for targeted marketing.

Parting Words

We hope you found this guide useful, best passive income in the philippines.

Passive income can be major game changer for everyone. From funding your dream vacation to preparing for your kid’s college, saving for retirement to saving up capital for that business you’ve been planning for years.

As always, do your due diligence before venturing on any business idea.

The key is to be well-informed and minimize risks whenever you can. Goodluck!

Other Useful Resources: 

Can you imagine yourself earning money without working for it? It sounds too good to be true, but it’s actually possible. In fact, there’s even a term used to call money that you get without investing any time or effort on it—passive income.

Passive income is money earned without an exchange of labor or time; for example, if you have a small sari-sari store and have a store clerk working for you or if you’re renting out a condo unit.

Earning passive income is the dream of those who seek ultimate financial freedom, best passive income in the philippines. With it, many business owners and entrepreneurs can use their free time exploring other financial opportunities. But how exactly do you get passive income? What are the ways that best passive income in the philippines help you earn it?

1. Open a Savings Account.
   If you want to start small, you can try opening a savings account where you can keep your money. Banks let you earn interest, which, though not big, is better than just keeping your savings in a piggy bank. If you have a bigger amount of money that you’re willing to keep away, best passive income in the philippines, you can also try opening a high-interest savings best passive income in the philippines your used products.
   Wanting to free some space in your closet? Instead of throwing them away, sell them on the internet if they’re still in good condition. Besides taking nice photos of your items and putting them up on websites, you really don’t have to spend anything else.
2. Make a small business out of a hobby.
   Is there a skill you’re really good at? Why not try to earn from it? For example, creating a vlog can help you earn if you get enough views and advertisers. You can best passive income in the philippines make a website and leave it to grow on its own so that it gets best passive income in the philippines placements that can help you earn small dividends.
3. Make use of cashbacks.
   Do you have any memberships or credit cards? These establishments offer cashback rewards or rebates every time you use them. While most of them can’t be used as money, you can collect and use them to pay off other products and services.
4. Real Estate
   Renting out a piece of land or property is a good source of passive income. Of course, best passive income in the philippines, it requires money to buy out property that you can lend out in the future, but it’s a very good option if you’re thinking long-term.

Earning passive income is not easy, but with a little bit of effort and dedication, everyone can have it too. You don’t need a large amount of money for it, best passive income in the philippines. If you’re creative enough, you can work on building opportunities for passive income whatever amount of cash flow you have.

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