Earning $1K passive income per month, are these 10 methods really feasible?

Want to earn passive income but don’t know where to start? Financial advisor Erika Kullberg has compiled 10 methods, with the core logic being: invest effort/funds upfront, then collect rent regularly.

Most straightforward method: buy stocks and REITs
Choose stable dividend-paying companies or REITs funds (such as IRM, BXMT), relying on dividends or rental income. Data shows that to achieve a 9% annualized return and earn $1K per month, you need to invest $140K upfront. Sounds like a lot? You can start small, gradually reinvesting.

No funds? You can do digital products
Write e-books, record courses, create templates, and upload them to platforms like Kindle, Udemy, Etsy for repeated sales. The key is good marketing; initial investment is almost zero.

Other options include
Peer-to-peer lending (annualized 5-10%), blogging, YouTube channels, car rentals, storage space rentals, affiliate marketing… each requires time to develop, but once mature, they become passive income streams.

Key points

• You can start without spending money (e.g., starting a YouTube channel)
• Remember to pay taxes, but some expenses can be deducted
• True passive income requires proactive setup

Which method do you prefer?