To generate passive income through shares, Ms Oliver says it’s best to consider long-term, stable investments. If you don’t have spare cash at the moment, we’ve also included some ideas that don’t necessarily require a lot of upfront capital, but do require more effort. We’ve had a look at some popular ideas that could help you to earn passive income in Australia. “It’s going to be difficult to get off on the right foot if you don’t have a certain amount of spare cash to project yourself forward.” “When it comes to wealth, you need to have the capital to start with,” Ms Oliver told Canstar. A common thread is that you’ll generally need upfront cash to get started. ![]() Within that, there are a range of different investments and strategies you can consider. There are two main ways to make passive income in Australia: shares and property. “Passive income is the income that you can make when you are asleep or busy doing other things and it accumulates in the background,” Leah Oliver, Director of Minnik Chartered Accountants and wealth educator, explained. This is compared to active income, such as your salary, where you receive income in exchange for doing some kind of work. For instance, earning dividends on shares or earning rental income from an investment property. Passive income is money you can earn with little or no ongoing effort. ![]() ![]() We’ve looked at eight ideas that could help you to make passive income in Australia. Passive income allows you to earn money without putting in extra work.
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