Passive income of 1000 dollars per month, financial experts with a background in law provide 10 solutions.

Making money while lying down is not a dream, but you need to put in effort in the beginning. Financial lawyer Erika Kullberg summarizes 10 ways to earn $1k a month in passive income:

The two most direct ways:

• Dividend Stocks + REITs: Initial investment $140k @ 9% annual return = Monthly income $1k+. Recommended platforms: Vanguard, Fundrise.
• P2P Lending: Annual returns of 5-10%, small initial investments are also acceptable, compound interest snowball effect.

No capital required:

• Digital products (eBooks/courses/templates) are repeatedly sold on Udemy, Etsy, and KDP.
• Affiliate marketing, self-built blogs, YouTube channels, email newsletters
• Rental property/parking space/storage space

Core logic: Initially, you need to invest time + possibly a small cost, but once it gets going, it's 24 hours of making money. The key is to choose the right direction and continue compounding. Lastly, don't forget to file taxes, as different types of income have different tax rates.