However, what matters most is putting in the effort or money to get there. It might take weeks, months, or even years to start earning a substantial amount of money. Just like we hear people say, “ Rome wasn’t built in a day,” You don’t also expect to start earning passive income from a day-old business. In a nutshell, passive income is the money you make without putting in active work.īut Hey. For example, investing in real estate, agriculture, transportation, stock market, etc. Additionally, you could invest money in your areas of interest to earn passive income without having to do the work yourself. However, this would require effort and time to make it work. Most people earn passive income by marketing their hobbies or talents like arts, handcraft, digital skills, etc. It's the perfect way to make some extra cash on the side, even if you have a day job or business. This post will explore 8 of our favorite smart and easy passive income ideas in Nigeria.Īs we explained earlier, Passive Income is money you earn without putting in so much effort. Thankfully, many financially-savvy Nigerians have mastered the art of earning money “in their sleep.” And you can do that too! Some of these methods are easier than others, but they all have the potential to bring in some extra cash each month. You could, for example, invest in stocks, real estate, or mutual funds. There are several ways to create passive income streams in Nigeria. Passive income is the holy grail of income-generating opportunities - you can make money while you sleep, take a vacation, or do pretty much anything else you want. Making money while you sleep is the dream, right?
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