The 7 ½ Investments to Generate Passive Income - SevenCapital Ideas

That's prior to you have actually even released it, or try to market it and encourage individuals to buy it. It's difficult to state for how long the production process could take as it depends on the length of the book among other things. It's likewise difficult to state when the book will start generating income, but once it's out there, you can begin promoting it.

However, if you can afford to buy a flat or house, renting it out will bring it additional money as your renter will pay a weekly or month-to-month rent to live in the area. This seems to be among the most 'passive' forms of earnings you can have especially if you contract out upkeep and dealing with renters to a letting company.

Moving promptly on Rent out your parking area Can you spare your parking area? ( Learn More Here : Getty)We know that renting houses, flats and even extra spaces can be financially rewarding however what about parking spaces? If you reside in a location with a big demand for parking, and you own a space or garage that you don't use, it's possible to make cash from it.

And judging by what's on offer in London, you could charge anywhere from 120 to 510 per month for your parking spot depending on how desirable your area is. Lease out equipment/your bike Would you rent a bike? (Image: Getty)Similarly, if you own a bike, or costly home equipment that you're not utilizing why not see if you can rent it out? Spinlister enables individuals to rent bikes from anywhere in the world.

Discover cryptocurrency Wondering about Bitcoin and if it could make you cash? (Picture: Getty)Eep. This is a hard one. Cryptocurrencies are basically digital money kept in virtual 'wallets' such as Blockchain. If you truly know how they work, and can follow the trends, then you might think about investing in them to see if you can video game the marketplace and make some additional cash.