When you buy a property and rent it out, you get rental income. You made an investment and for years, you are gaining appreciation on that house and some passive income without doing anything. Well unlike rental income, which requires a pretty nice chunk of money to buy the property, there are a lot less expensive and easier ways to make passive income. With just $1000, I want to share some ways to make that money work for you. I caution you however, if you are expecting to hear how that initial investment of $1000 is making you $1000 in a year, this is not it. Instead, you will learn how that relatively small investment, when invested in Stocks, Index Funds or bonds, can pay you income just to be invested in them. How and why is what we are discuss in today's episode.
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