There are all kinds of internet scams about how you can strike it rich without working, however these 3 methods are actually supported by elementary logic and reasoning.
As the sharing economy develops, we might have a new class-difference between those who own, and those who rent various products. Anything from your house, parking space, dog to your lawn-mover can be shared online for a nice profit. The investment returns for active players in the sharing economy can become substantial. Further, at this point, its hard to tax these transactions… enjoy your tax-free business while it lasts.
2.Own Rental Property
While buying a house has good investment returns as it is, the return increases drastically if you buy property that’s easy to rent out. Indeed, there are quite a few who make their living by buying property and renting it out. This rental property does not only have to be in the form of housing, storage is also an option, and businesses need offices as well etc..
3.Mutual Funds + ETF’s
You don’t need to know anything about the stock-market in order to invest like a pro. What? Yes its true, by putting your money in the highest rated mutual funds and ETF’s, you will have the top professionals putting your money to work. Two great services ranking these is Morningstar and Zacks Investment Research. The only job required by you is finding those with highest rating and transferring some money. By using ETF’s you will also be able to make money during stock-market crashes trough something called inverse ETF’s. Granted, there are some multistrategy and inverse mutual funds, but they are few and far between.
So, there are 3 ways to make money with minimal effort needed from you. Of course, this might not be as psychologically rewarding, but no one ever got hurt making a profit.