7 Passive Income Ideas to Make Money & Build Wealth in 2024

3. Bonds

Bonds are considered a reliable source of passive income. When you buy a bond, you are loaning money to an issuing entity, like a government or corporation. In return, you would receive regular interest payments over the bond’s duration.

US treasury bonds have a varied rate of return depending on the type. At the time of writing, they are averaging between 4% and 5%.