# What are the top ways to generate passive income?

**URL:** <https://forum.legiit.com/t/what-are-the-top-ways-to-generate-passive-income/494>\
**Category:** Business Growth\
**Created:** [June 5, 2024, 7:32pm UTC](https://forum.legiit.com/t/what-are-the-top-ways-to-generate-passive-income/494 "2024-06-05T19:32:32Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Lyn](https://avatars.discourse-cdn.com/v4/letter/l/67e7ee/32.png) [@Lyn](https://forum.legiit.com/u/Lyn)\
**Post date:** [June 5, 2024, 7:32pm UTC](https://forum.legiit.com/t/what-are-the-top-ways-to-generate-passive-income/494/1 "2024-06-05T19:32:32Z")

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I’m looking to build multiple streams of passive income. What are the top ways to generate passive income, and what investments or businesses should I consider?

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**Author:** ![Shigeno](https://avatars.discourse-cdn.com/v4/letter/s/b487fb/32.png) [@Shigeno](https://forum.legiit.com/u/Shigeno)\
**Post date:** [June 6, 2024, 1:35pm UTC](https://forum.legiit.com/t/what-are-the-top-ways-to-generate-passive-income/494/2 "2024-06-06T13:35:42Z")

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I’m always looking for rental properties. You can definitely consider those if you have some capital.

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**Author:** ![ChrisMWalker](https://yyz2.discourse-cdn.com/flex004/user_avatar/forum.legiit.com/chrismwalker/32/34_2.png) [@ChrisMWalker](https://forum.legiit.com/u/ChrisMWalker)\
**Post date:** [June 6, 2024, 4:30pm UTC](https://forum.legiit.com/t/what-are-the-top-ways-to-generate-passive-income/494/3 "2024-06-06T16:30:27Z")

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Look into the Acorns app.

You can connect it to your debit card and every time you spend something like $3.74 it will round up to $4. And invest that money for you.

It also has other features you can setup to make it like a set and forget savings.

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**Author:** ![Harry](https://yyz2.discourse-cdn.com/flex004/user_avatar/forum.legiit.com/harry/32/197_2.png) [@Harry](https://forum.legiit.com/u/Harry)\
**Post date:** [June 18, 2024, 3:26pm UTC](https://forum.legiit.com/t/what-are-the-top-ways-to-generate-passive-income/494/4 "2024-06-18T15:26:28Z")

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If you specialize in something are in the top 5% write a book on that skill, and create a course. That will bring you 2 streams of income. If the book does well pay someone to read and record the book for audio distribution.

Use the book and course to create a sales funnel for your services or business.

Offer done for you services, in your specialty, then also offer coaching or consulting to teach others.

Your specialty needs to solve a problem people find valuable. The more challenging the problem and more important the solution the more you can charge for every step of your sales funnel.

This would create 3 streams of residual income, and 2-3 sources of primary income. Check out Chris’s recent video on SAAS solutions for a 4th stream of income if your speciality can be made into a tool.