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Passive Income Ideas For Filipinos
Passive income is a great way to earn money without exerting much effort. Here are some passive income ideas that you can explore in the Philippines:
Investments
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Bonds: Filipinos can make passive income through government bonds, such as Treasury Bonds (T-Bonds). They are considered one of the safest investments in the Philippines, as they are backed by the government
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Dividend-Earning Stocks: Invest in stocks that pay dividends, such as Exxon Mobil, Verizon Communication, and AT&T.
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Real Estate: Buy properties and rent them out, or invest in real estate investment trusts (REITs). Check out rising real estate markets like Clark, El Nido, or Bohol.
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Savings Accounts: Earn interest on your savings with banks like GOtyme, UnionDigital, and Maya Bank.
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Online Activities
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Sell eBooks: Create and sell eBooks on platforms like Lazada, Shopee or your own website.
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Online Courses: Share your knowledge through online courses and sell them on platforms like Udemy or Teachable.
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Blog: Write about your skills and experiences on Medium or your own website.
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Affiliate Marketing: Promote products and earn commissions from sales.
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Other Passive Income Ideas
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Rentals: Rent out your property, vehicle, or equipment.
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Graphic and Artwork: Sell your designs on platforms like Etsy or Creative Market.
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Vending Machines: Purchase and install vending machines in high-traffic areas.
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Digital Banking
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GOtyme: Offers an interest rate of 5% per annum for the Go Save Account.
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Maya Bank: Offers an interest rate of 8% per annum for balances of up to PHP 500,000.
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Remember that passive income requires some initial effort and may not generate significant income immediately. However, with patience and persistence, you can build a steady stream of passive income that can supplement your active income.
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Citations:
[1] https://www.moneymax.ph/personal-finance/articles/passive-income-philippines
[2] https://web.z.com/ph/blog/33-best-passive-income-ideas-philippines-for-2023/
[3] https://gretasjunkyard.com/ways-to-earn-passive-income-philippines/
[4] https://digido.ph/articles/passive-income-philippines
[5] https://www.shopify.com/blog/passive-income-ideas