15 Passive Income Ideas to Build Wealth

5. Invest in Real Estate Investment Trusts (REITs)

Actively owning and managing a property doesn’t fit the goals for many investors when looking for a passive income idea to help build their wealth. Another great way to take advantage of investing in real estate is to do so through a real estate investment trust. These opportunities are similar to mutual funds that put money into a number of real estate projects and are managed by investment professionals. These funds will typically pay out more money than stocks, and they are more liquid than directly buying a rental home or property directly. REITs can come with more risk than traditional stock market or mutual fund investing, so consumers should always do their own research or homework before investing a significant amount of money into a fund.