Passive Income - Part 1 of 6 - Interest

This is the first of 6 Posts on Passive Income. I was going to do this as a HotSheet, but changed my mind.

Interest is probably the most obvious form of passive income.

Some places to earn interest include Savings Accounts at your local bank, Certificates of Deposit, Savings Bonds, Mutual Funds and Stocks.

Interest rates can be fixed or variable. Some forms of investing money for interest can involve higher levels of risk. Like the stock market.

I included the stock market here because some larger stocks pay dividends. Feel free to comment if you think otherwise or would like to include other forms of interest.

You may want to include Interest as one of your income streams. As you will see in the rest of the passive income sections Interest involves lower risk and lower returns.

This was part 1 of 6 on the One Penny Project - Passive Income Report.

Continue to Part 2

Michael