11 Passive Income Ideas and Strategies for Massive Wealth

Updated: April 3, 2024

Last April 2019, I went on a 3-week vacation, where I visited 5 cities in 4 countries. I did it before Holy Week so that when most people take their well-deserved out-of-town vacation, I’ll just be at home to rest and enjoy the peace and quiet of the city.

I’m grateful that I can afford such a lifestyle. And this was possible for me because I have multiple sources of passive income.

Today, I would like to share 11 passive income ideas and strategies to grow your cash flow. I hope that one or two of these passive income opportunities would resonate with you, and help you build massive wealth.

1. Earn interest income

  • Effort needed: Very little
  • Skills required: None
  • Capital needed: Whatever amount you can afford to save
  • Income potential: Very low

If you have a bank deposit account, then you’re already earning passive income. Given that it’s just a tiny amount, it’s nevertheless good as it requires almost no effort.

To earn a little more, you can look for high-interest-bearing savings accounts, or go for time deposit accounts. Check out rural banks as they usually have the best savings interest rates.

2. Rental income from properties

  • Effort needed: Moderate to high
  • Skills required: Good knowledge about real estate
  • Capital needed: Very high
  • Income potential: Excellent

Perhaps the most popular type of passive income is earning from property rentals. But it’s not that easy to set up. You’ll need large capital and good knowledge of real estate.

You can do long-term rentals on apartments, condominiums, houses, and office spaces. Or you can opt to have short-term stays via AirBnB or similar platforms.

3. Portfolio income from the stock market

  • Effort needed: Little
  • Skills required: A good grasp of how the stock market works
  • Capital needed: You can start with as little as P1,000
  • Income potential: Low, but increases over time

This passive income strategy basically requires buying and holding dividend-paying stocks. There’s little effort required to set up, but you do need to have a bit of knowledge about fundamental analysis.

You’ll earn from stock price appreciation and dividends. The longer you hold, the more income you’ll make. Just make sure to reinvest your dividend earnings to accumulate more shares and compound your income.

4. Doing passive investing

  • Effort needed: Little
  • Skills required: Intermediate knowledge on financial markets
  • Capital needed: Starts at around P10,000
  • Income potential: Good

Investing in financial markets is primarily for capital growth, but it can also be a good source of passive income. Particularly, you can put your money on fixed income instruments such as government or treasury bonds, and corporate bonds, or long-term commercial papers.

Moreover, you can also explore managed or automated services, where you’ll have someone else who’ll do all the hard work in growing your wealth and providing regular cash flow. A good example of this is XM’s CopyTrading service.

5. Licensing or royalty income

  • Effort needed: A lot
  • Skills required: Artistic or technical knowledge, plus marketing skills
  • Capital needed: Low to moderate
  • Income potential: Good to excellent

Write a book, compose a song, invent a new thing — the possibilities are endless as long as you have the talent or skill to create intellectual property.

The real challenge here is selling and marketing your creation. But once successful, the income becomes stable with great long-term cashflow potential.

6. Becoming a passive business owner

  • Effort needed: A lot
  • Skills required: Good entrepreneurial skills
  • Capital needed: Relatively higher than most passive income ideas
  • Income potential: Excellent

This passive income idea involves creating a business that can run on its own. You’ll probably need to be involved for the first few years, then hire employees and managers to remove yourself from the daily operations.

Apart from building your own, you can get a franchise or buy an existing business. One lucrative passive income strategy is to pursue a vending machine business.

7. Online content creator

  • Effort needed: A lot
  • Skills required: Creative or technical knowledge, plus marketing skills
  • Capital needed: Low
  • Income potential: Excellent

The idea is to become a blogger. Then work on building an audience for your site articles, video channel, or social media account. It will require skills, which you can easily learn. And it doesn’t cost much to set this up.

Online content creators primarily earn from advertising and sponsorships. Contextual ads such as Google Adsense, provide a stable and long-term passive income strategy.

8. Automated ecommerce business

  • Effort needed: Moderate to high
  • Skills required: Advanced technical skills, but you can outsource
  • Capital needed: Low to moderate
  • Income potential: Excellent

The idea is to create an online business that can run on its own with minimal supervision. Selling digital products such as ebooks, doing affiliate marketing, or creating a dropshipping store, are the most popular strategies.

While it doesn’t cost much to set up, expenses can easily eat up your profits if you don’t act fast enough on scaling your business model. But once successful, you’ll probably become an internet millionaire.

9. Offer an online course or membership site

  • Effort needed: A lot
  • Skills required: Digital content creation and online marketing
  • Capital needed: Moderate
  • Income potential: Excellent

Similar to having an automated e-commerce business, you can create and offer an online course. There are a lot of people who want to learn online, and you can provide that kind of education. Much effort is needed at the start, but once set up, it becomes purely passive.

Moreover, instead of a one-time enrollment fee, you can opt to have monthly membership fees where members can learn through an online learning platform or portal. This makes the course more affordable, but also provides regular cash flow.

10. Create a mobile app

  • Effort needed: Moderate to high
  • Skills required: Advanced mobile app development, but you can outsource it
  • Capital needed: Low, but becomes high if you outsource your development
  • Income potential: Excellent

Remember Flappy Bird? That mobile game earned video game artist and programmer, Dong Nguyen, as much as $50,000 per day from in-app advertisements and sales.

So if you have a great idea for an app, especially if it’s a mobile game, then you can try your hand at earning through this passive income opportunity.

11. Networking or multi-level marketing

  • Effort needed: A lot, but becomes much less as time goes by
  • Skills required: Intermediate sales and marketing
  • Capital needed: Low
  • Income potential: Excellent

It’s not for everyone, but it is nevertheless a legitimate way to earn passive income. It will, however, require a lot of your time and energy, especially in the first few years. But as your team grows, the effort required goes significantly down.

You’ll need good sales and marketing skills to be successful, but you can learn this through the company, which should provide training. And lastly, be sure to avoid networking scams and pyramid schemes.

Final Tips

As you can see, there are many ways to “make money while you sleep”. And this list probably missed out on a few more passive income ideas that are also worth pursuing.

Remember that the key here is F.O.C.U.S. or Follow One Course Until Successful. Don’t pursue more than one opportunity at the same time, because your efforts will be diluted and results will come much slower.

That’s it! I wish you all the best on your journey towards creating massive wealth through passive income.

What to do next: Click here to start your financial journey with IMG Wealth Academy


  1. Starting a business that will eventually become a passive income stream is a wonderful idea, specially as you age and want less responsibility. Not all enterprises are suitable to run remotely but if you can, great. We learned several valuable lessons on this very topic during 2019. Our one year old business was doing super going into 2019. We have been reinvesting all profits back into the business and adding a little money here and there. In early 2019, my wife was forced into almost total bed-rest due to many complications of her pregnancy. Our attorney/accountant has a steady stream of business from us filing our taxes, notarizing contracts etc. With no one else qualified to take over at this time, we placed our attorney in charge of the daily running of the business. He had a GREAT year, not so much for us. A qualified person MUST be properly compensated for their work efforts.We ended 2019 with minimal growth as the attorney made big bucks. Now, I DO NOT begrudge this income to our legal “main-man.” Our business is fully in tact and ready for a great 2020. We had a good man we could rely on so the continuity of the business was fully protected.

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