Digital Assets: A Shortcut To Wealth

When we think of an asset, most of us tend to think in terms of real estate, stocks, and business ownership. However, there is another class of assets that only recently appeared with the invention of the internet. That is the digital asset.

What Are Digital Assets?

Digital assets are ecommerce sites, blogs, artwork, affiliate sites, ebooks, and more. The best part about digital assets is that they can generate multiple passive streams of income.

Art As An Asset

Gone are the days when artists needed to buy art supplies over and over again. Today an artist can purchase a digital drawing pad and create as much art as they want at no extra charge. A digital artist can turn their art into an asset in the following ways:

  • Clothing Designs
  • Hangable Wall Art
  • Smartphone Backgrounds

Commissioned artwork is not listed because for the sake of this article, it is not considered an asset. It falls into the category of exchanging time for money, which makes it more similar to a job than a passive source of income.

Writing As An Asset

Writing is often associated with being the author of a book, but there are other ways to generate passive income for serious writers. These are some, but not all of the ways writers can produce passive income.

  • Write A Book
  • Start A Blog
  • Create A How To Series
  • Create A Greeting Card Line
  • Put Sayings, Slogans, Etc. On Clothes
  • Ghost Write A Book
Teaching As An Asset

People often say that teachers don’t get paid enough for the job that they do, and that is true. However, there are other options outside of a teacher’s salary that may be able to put more money in your pocket while you’re at work.

  • Create An eCourse
  • Write A Book
  • Start A YouTube Channel
Speaking As An Asset

If you have a thing for getting people motivated, it is possible to generate passive income as a motivational speaker. People pay good money to be motivated, and there’s no reason you can’t get some of it.

  • Motivational YouTube Videos.
  • Motivational Albums
  • Motivational Books
  • Motivational Seminars
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