17 ways to generate passive income you’ll never believe!

We all know that it takes money to make money — that’s why it’s called passive income instead of a job, of course! No one in real life has ever literally rubbed two pennies together to create a quarter. But how to actually get to the point where our cash is generating enough of its own cash so that we don’t have to work anymore?

That is literally the million-dollar question, now isn’t it?

Luckily, you’ve come to the right place: A personal finance blog dedicated making sure you’ve got a million-dollar nest egg awaiting you in retirement. Hooray for you!

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No matter what shape your bank account is in at the moment, go ahead give yourself a pat on the back. Just doing the research into building wealth is putting you ahead of the game. After all, the stats about how roughly half of all Americans couldn’t even cover a $400 emergency without having to sell something don’t seem to be going away anytime soon.

An emergency fund is nice and all, but we’re trying to do more than that. We’re trying to do even more than get rich.

What we are here to do is generate truly passive income. Maybe real estate is the answer? What about generating a living wage through your blog (about that …..)?

We want our money to make enough money so that we’ll never have to work again.

Since we absolutely love gimmicks here at Nest Egg Ninjas, check out 17 ways to generate passive income … that you’ll never believe!

  1. Set a budget, save, invest in low-cost index funds, and wait.

  2. Set a budget, save, invest in low-cost index funds, and wait.

  3. Set a budget, save, invest in low-cost index funds, and wait.

  4. Set a budget, save, invest in low-cost index funds, and wait.

  5. Set a budget, save, invest in low-cost index funds, and wait.

  6. Set a budget, save, invest in low-cost index funds, and wait.

  7. Set a budget, save, invest in low-cost index funds, and wait.

  8. Set a budget, save, invest in low-cost index funds, and wait.

  9. Set a budget, save, invest in low-cost index funds, and wait.

  10. Set a budget, save, invest in low-cost index funds, and wait.

  11. Set a budget, save, invest in low-cost index funds, and wait.

  12. Set a budget, save, invest in low-cost index funds, and wait.

  13. Set a budget, save, invest in low-cost index funds, and wait.

  14. Set a budget, save, invest in low-cost index funds, and wait.

  15. Set a budget, save, invest in low-cost index funds, and wait.

  16. Set a budget, save, invest in low-cost index funds, and wait.

  17. Set a budget, save, invest in low-cost index funds, and wait.

Ummmmm, not exactly what you were expecting?

Unfortunately this isn’t what most folks are expecting when it comes to the challenge of getting rich. Americans are at countless disadvantages in terms of wealth-creation, including student loans, stagnant incomes, and a thousand things in between.

The one major advantage we all have is time. There will always be a “Yolo” worry here. Asking people to set aside a chunk of their income to use 40 years down the road is not always the easiest thing to do.

However, as we can see from our list of 17 ways to generate truly passive income, it is the only way to actually create long-term wealth.

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Check out the ongoing, full retirement ladder here:

Step 0: Create a budget that helps you get wealthy

Step 1: Why building an emergency fund is so important for your nest egg

Step 1.5: What type of account is best for your emergency fund?

Step 2: Contribute to your 401(k) up to the company match

Step 2.5: How should I pick the best 401(k) investments for me?

Step 3: Pay off all high-interest debt as aggressively as possible

2 Comments

  1. Well, index funds definitely work; the stock market’s long-term trend is always up, as history shows!

    November 8, 2017
    Reply
    • NestEggNinja said:

      It’s all about the timeline! Do you only have a few years? Then some bonds or even a checking account are probably the way to go. But with 20-plus or more years? Index funds for life!

      November 11, 2017
      Reply

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