Discover Your Passive Income Potential


Sunday.Hustler

Created 6/29/2024

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Sources

https://www.bankrate.com/investing/passive-income-ideas/
https://www.nerdwallet.com/article/investing/what-is-passive-income-and-how-do-i-earn-it
https://time.com/personal-finance/article/passive-income-ideas/
https://www.shopify.com/blog/passive-income-ideas

Find out what type of passive income suits you based on your financial situation, available time, and risk tolerance.

Find out what type of passive income suits you based on your financial situation, available time, and risk tolerance.

1. How much capital are you willing to invest in a passive income stream?

$0 - $100
$100 - $1,000
$1,000 - $10,000
Over $10,000

2. How much time can you dedicate to setting up a passive income stream?

Less than 1 hour a week
1-5 hours a week
5-10 hours a week
More than 10 hours a week

3. What is your risk tolerance for investments?

Very low
Low
Moderate
High

4. How soon would you like to start seeing returns on your passive income investment?

Within 1 month
1-6 months
6-12 months
More than 12 months

5. Which of the following best describes your technical skills?

Basic (e.g., internet browsing)
Intermediate (e.g., MS Office)
Advanced (e.g., coding skills)
Expert (e.g., app development)

6. Are you interested in creating digital products?

Yes, I love creating content
Maybe, if it does not require much time
No, I'd rather not create content
Only if it guarantees returns

7. Would you prefer a hands-off investment once the initial setup is done?

Yes, I prefer minimal ongoing work
No, I can handle ongoing tasks
Depends on the returns
Not sure

8. In what type of industry do you have the most experience?

Finance
Technology
Real Estate
Creative Arts

9. How comfortable are you with using online platforms for transactions?

Very comfortable
Somewhat comfortable
Neutral
Uncomfortable

10. What appeals to you about generating passive income?

Financial freedom
Supplementing existing income
Saving for retirement
Exploring new opportunities

11. How important is liquidity to you?

Very important
Moderately important
Not very important
Not important at all

12. Would you consider partner-based earnings, such as affiliate marketing?

Definitely
Maybe
Only as a secondary option
No

13. Which of the following passive income ideas interests you the most?

Real estate investment
Digital content creation
Stock market investments
Dropshipping/store setup