“This Stock Could Be Like Buying Amazon in 1997”. I think it could be easy to hit this target with just £100 a week. Another example of a company that supports a market-beating dividend yield is Direct Line. Set up an ATM: you can earn passive income by setting up ATMs in business areas. If you place the ATMs in a location that sees a lot of traffic everyday, then you are likely to earn more. For example, according to my calculations, on an initial lump sum investment of £5,000, an additional investment of just £250 every month could lead to a final pot of £54,000 after 10 years, assuming the reinvestment of income during this time frame. Here’s your chance to discover exactly what has got our Motley Fool UK analyst team all revved up about this ‘pure-play’ online business (yes, despite the COVID pandemic!). To hit this level of income, my figures suggest an investor would need to put away somewhere in the region of £150k to £200k. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. Most of my blog income is from affiliate marketing and advertising on this site – both a form of passive income and I am happy to share the details in this post. UK dividend shares: Are these 6% FTSE 100 dividends top buys or investment traps? Should you require advice you should speak to a qualified financial adviser. The content provided in this article has not taken into account the circumstances of any specific individual, and does not constitute personal advice or a personal recommendation for any individual; neither should it be relied upon by any individual when making an investment decision. That should be enough to cover all my yearly living costs. 3 comments. Another approach is to use a basket of high-quality blue-chip stocks. We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. Today, I’m going to explain how I reached this target and take a look at the companies that have helped me get there. That’s why they’re referring to it as the FTSE’s ‘double agent’. In this capacity we are permitted to act as a credit-broker, not a lender, for consumer credit products. Passive income, at its simplest, is earned without the active participation of the person bringing in the money. Thankfully these passive Income Ideas will show you different ways you can earn money while at work, out with friends, or even asleep! The Motley Fool, Fool, and the Fool logo are registered trademarks of The Motley Fool Holdings Inc. Royal Dutch Shell shares: what I think the updated outlook means, 5 cheap UK shares I’d buy in an ISA now and hold until 2030. Today, I’m going to explain how I reached this target and take a look at the companies that have helped me get there. About Us | Contact Us | Fool Careers | The Fool UK Team | Legal Information | Disclaimer & Disclosure | Privacy & Cookie Statement | GDPR | Terms & Conditions | Site Map. Find an investing service that’s right for you! That’s because “earn” is legally defined and refers to swapping time for money. VAT Number: 188035783. I’ve been reading a lot about passive income recently and it’s becoming clearer and clearer that generating multiple passive incomes streams is the only path to financial freedom. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes, different accounting and reporting standards, may have other tax implications, and may not provide the same, or any, regulatory protection. Click here for The Motley Fool UK’s resources on Coronavirus and the market. I should be able to reach my goal within a decade using this method, assuming I reinvest all of my income along the way. Blogging is one of the best ways to make money online in the UK without money; as hosting starts from just a few pounds. If you’re aiming to get your finances on track and you’re in or near retirement, then here’s your chance to claim a FREE copy of an exceptional investing report featuring 5 stocks that The Motley Fool UK is expressly recommending for INVESTORS aged 50 and OVER to consider investing in! And many bloggers work on their blog part-time and still generate some money cushion to back. Of generating a passive income of £45,000 a year from UK shares could be a means! Financial Ombudsman service and financial Services Compensation Scheme may consider certain investment related claims time... With an initial investment of £5,000 and interest to build up a cushion! To one leading industry firm, the value has soared should add it to inbox. Changes are likely to result in inaccurate real returns for sterling-based UK investors, some stocks offer yields more! 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