In this article, we will discuss
- What is Passive Income?
- What Does Passive Income Offer?
- Passive Income Ideas to Potentially Increase Your Bank Balance
What is Passive Income?
Passive income refers to regular earnings from sources other than employment or contractor work. Passive income can come from rental property or a non-active participation business, like book royalties or stock dividends. However, in practice, passive income can take various forms.
What Does Passive Income Offer?
Passive income offers an excellent opportunity to boost your cash flow, whether you're running a side hustle or simply seeking additional income each month, especially in times of economic inflation. It provides a financial cushion during unexpected unemployment, voluntary breaks from work, or the impact of rising prices on purchasing power.
If you have concerns about saving enough for retirement, building wealth through passive income could be an appealing strategy.
Passive Income Ideas to Potentially Increase Your Bank Balance
Passive income presents a variety of opportunities to potentially generate extra money with less effort. You have the freedom to choose among the passive income options based on your talents and preferences.
These are stocks that pay regular dividends to shareholders, which can be reinvested or used as income. Dividend stocks are usually from stable and profitable companies that have a history of distributing profits to investors. Dividend stocks can provide a steady stream of income, as well as capital appreciation over time.
These are real estate investment trusts that own and operate income-generating properties, such as office buildings, malls, hotels, and warehouses. REITs distribute most of their income to shareholders as dividends, which can be reinvested or used as income. REITs can provide exposure to the real estate sector, as well as diversification and liquidity benefits.
This is peer-to-peer lending that connects borrowers and lenders online, without intermediaries. P2P lending platforms allow lenders to earn interest income by lending money to borrowers who need funds for various purposes, such as personal loans, business loans, or education loans.
Refer and Earn Program
One of the easiest and most rewarding ways to earn passive income is through the refer and earn program.
Samco is one of the online stock broker that offers flat brokerage fees, zero demat AMC, and zero cost for opening a demat account. They also have a “refer & earn” program, wherein you will get gift vouchers/ cash bonus and 10% lifetime brokerage sharing from each referral. Check details of Samco’s referral program here →
You can refer as many people as you want and earn unlimited rewards. Here are the steps to refer for the Samco customer and the non-Samco customer:
For the Samco customer:
- Log in to your Samco account using your registered credentials.
- Access the referral tab and generate your unique referral link.
- Share the referral link with your friends via social apps.
- Track your referrals and earn rewards.
For the non-Samco customer:
- Visit the referral page on Samco’s website
- Enter your name, email, and mobile number to register.
- Submit your friends’ contact details on the same page.
- Once you complete your account registration, your referrals will be mapped to you.
- Then, track your referrals and earn rewards.
The more you refer, the more you earn. It's that simple. Join the Samco referral program today and start earning passive income from home.
These are many passive income ideas that you can explore. Of course, there are many more options and opportunities that you can find online or offline. The key is to find something that suits your skills, interests, and goals, and to be consistent and patient with your efforts.
If you are looking for a reliable and convenient way to invest in the stock market and generate a passive income, you should consider using Samco Securities. You can open a free account with us and start investing in stocks, mutual funds, ETFs, bonds, and IPOs with zero commission and zero fees. Samco Securities is one of the discount brokers that has over 3 lakh customers and is regulated by SEBI, NSE, BSE, MCX, and CDSL. To open your free account with Samco Securities, click here.
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The asset classes and securities quoted in the film are exemplary and are not recommendatory.
SAMCO Securities Limited (Formerly known as Samruddhi Stock Brokers Limited): BSE: 935 | NSE: 12135 | MSEI- 31600 | SEBI Reg. No.: INZ000002535 | AMFI Reg. No. 120121 | Depository Participant: CDSL: IN-DP-CDSL-443-2008
CIN No.: U67120MH2004PLC146183 | SAMCO Commodities Limited (Formerly known as Samruddhi Tradecom India Limited) | MCX- 55190 | SEBI Reg. No.: INZ000013932
Registered Address: Samco Securities Limited, 1004 - A, 10th Floor, Naman Midtown - A Wing, Senapati Bapat Marg, Prabhadevi, Mumbai - 400 013, Maharashtra, India. For any complaints Email - email@example.com
Research Analysts -SEBI Reg.No.-INHO0O0005847