How to secure a passive income in 2024?

In these challenging times, many people are thinking about how to secure a stable income and financial independence. On the one hand, the news is full of talk of inflation, panic in the markets and rising prices. On the other hand, pension savings are clearly not enough to ensure a comfortable retirement.

In such circumstances, the ideal solution would be to organize an additional source of income now. And with the development of fintech and decentralized finance, simple and affordable ways of doing this have opened up.

Let's take a look at the top 3 options for beginners in 2024.

P2P Lending

This is a way of lending or borrowing money online between individuals, rather than between banking institutions. You act as an investor and lend money to other participants in return for interest.

The advantages of P2P:

• You can start with as little as $50
• Yield around 7-15% per year, depending on the platform
• Processes are fully automated, so the investor's effort to earn money is minimal.
• High reliability

If you ignore the fact that some funds are always frozen in current loans, this is a great passive income for beginners.

Cryptocurrency investment

The blockchain network needs regular coin support, otherwise, the system will not be able to create new cryptocurrency blocks. The history of crypto will end there, and we don't need it. That's why we invented the possibility of holding the coins of network users in exchange for rewards. You can compare it to a deposit in a bank because in both cases the investor holds the corpse and receives income from it.

The advantages of staking:

• The opportunity to earn up to 5% per year
• There are various pools in which you can invest from minimal amounts.
• Full automation and simplicity
• Promising investments with growth potential

But it pays to be cautious, as cryptocurrencies can fall quite sharply in price. Especially those that offer high returns.

If you want a guaranteed high return and don't want to wait years for it, there are antidotes. These are:

• High returns — from 328.5% to 475% per annum depending on the amount invested
• Full automation of complex arbitrage trades thanks to AI-based trading bot
• Possibility to start trading with as little as 0.3 BNB
• Daily profit accrual and convenient withdrawal of funds
• Simple and clear functionality of the investor's personal wallet
• High reliability thanks to cooperation with leading exchanges and banks
• Personal support and assistance through 24/7 service
• Participation in a progressive community of like-minded people
• Possibility of receiving passive income for many years

Investment in dividend paying stocks

Why do companies issue stock? This step solves one of the most important tasks — to increase capital, as the financial resource provides a point of growth and development. In addition, by listing shares on the stock exchange, a company strengthens its reputation and obtains an objective market valuation of its assets.

Advantages of investing in dividend stocks:

• A reliable investment — investing in a real company
• Stable income, usually once a quarter
• Relatively easy to get started

However, you need to understand the basics of investing in securities in order to be able to choose stocks competently.

Some conclusions

We have considered 3 working ways of organizing a passive income in 2024. Each option has its own nuances, but the main advantage is that all of them are

• Are available to beginners from a start-up fee of $300
• Allow you to receive a stable monthly income
• Do not require special knowledge or a lot of time

In general, there is a way to get started! Which option did you decide to try first?