Building streams of passive income, money that requires little maintenance is the key to gaining financial freedom.
5 min read · Jan 2, 2024
--
While $1,000-$2,000 per month is excellent, an ideal income for many is $2,000-$3,000 earned passively.
The good news is that with focus and some upfront effort, hitting this goal is absolutely possible. Here are 14 of the most proven ways you can realistically make $2,000-$3,000 or more every month in passive revenue:
- Top blogs make money through advertisem*nts, affiliate revenues, and digital products.
- A blog earning $5 RPM with 100,000 monthly visitors results in roughly $500 income per day or $15,000 per month.
- Big name personal finance blogs like BudgetsAreSexy.com and GoodFinancialCents.com earn over $200,000 per month.
- While blogging does take work upfront, income can remain mostly passive for years once content volume is built.
- 45%+ of all books sold on Amazon are self-published Kindle ebooks
- Popular genres like mysteries, sci-fi, romance can pay authors $1,500-$4,500+ per book
- Using Amazon’s paperback self-publishing services also unlocks higher royalties
- Consistently publishing 2–3 books annually that sell just 250–300 copies monthly would achieve over $2,000 in passive royalty income
- Real estate investors prefer the cash flow and appreciation potential of small multifamily homes over single family rentals
- Duplexes with proper management average 8–15% annual ROI from rental income minus expenses
- A $300,000 duplex at 12% ROI yields $3,000 monthly in cash flow after paying the property manager
- Refinancing the mortgage and increasing rents over time results in significantly higher cash flow