15 Passive Income Ideas to Build Wealth
14. Invest in a Business
Investing in someone else’s business is a great way to earn passive income. Unlike a business investment where one is an active participant, a popular option for some is to be a small, “angel investor” who provides capitol that the company needs for either daily operations or to grow. Instead of providing a loan that the business repays over time, one receives an equity position in the company that pays out over time as the company makes money. One downside to this technique is that one will typically not get a say in big changes or decisions within the company as part of the contract.
