15 Passive Income Ideas to Build Wealth

12. Purchase Dividend Paying Stocks.

A great way to earn a higher passive income than with a traditional savings account is to purchase stocks that pay quarterly dividends. There are number of stocks out there that pay high dividends (albeit with higher risk) that can serve as a great passive income source for investors. Most stocks will also increase in value over time which gives two streams for the investor to make money when the capital gains is taken into account with the investment. If new to making stock purchases, there are a number of services available online today that will all charge a fee to make a purchase or sale of stock. Many times the investor will be able to automatically reinvest the dividend when paid, cash in when paid, or a combination of the two options depending on what brokerage service is being used.