<prompt> Human: What are some good ways to generate passive income, only spending 5,000?Earning any amount would beat a few bucks from the interest rates my bank pays.  <response>: as the other uses are suggesting. investing in stocks will give you some passive income. it is expected stocks to grow 7 a year. so if you buy stocks you will get the dividends and some capital grow. if you go to your bank and open a brokerage account this is the easiest way to access the stock market. however there ususally are discount brokerages out there that are much cheaper. like robinhood or vanguard. however that will be only 3 income. most retired people look to bonds for passive income. as bonds generally are more stable and give much more income and much less capital growth. you can ususalyl buy a bond fund the same way you buy stocks. the bond fund i prefer is PTY. but you can see we are expecting inflation and lots of growth and interest rates to rise so PTY has dropped 5 yesterday. so you will probably lose lots of capital if you go the bond route. but PTY pays 11 income approximately currently. so if you looking for income and not total returns then maybe bonds would be better. there are like the other guy suggested p-2-p lending. which i found nice for income. prosper.com is the site i prefer for that. like when you pay the loan you pay some interest and some principle. so investing with p-2-p loans you get some of your capital back along with all of the interest! thus it feels like a lot more income. but rememebr theses are like junk bonds. so a lot of the interest earned has to counter act the people who decide to not pay their debts. so this is sad for some people. at the end of the year i only get about 9 return. but for income if lookign for regular income, this can be good. however they have reduce the secondary market. so if you ever need access to your money and all of your money instantly right away. this would take 5 years to get it all back. I suspect though that becasue your wondering abotu 5k, this is all the money you have in the bank. and the savings of having easy acess to that money is worth it. i needed my rotten wisdom teeth out. so far i have paid almost 3k in surgeries and have one more to go. i also had a rotten regular tooth that needed a bit of work done. i would have had to pay 20 interest if i had put that surgery on the credit card for a few months. but because i had cash in the bank i could save that interest. so if you only have 5k in the bank account. look at the interest you save from any medical or other expense by not having to finance those smaller bills. one common mistake investors make, is not allowing enough time in the market. If you have no emergency fund then when the markets go down 30 you will panic! and sell for a loss! then you will have felt scammed by the market as you have locked in a 30 loss and never ever invest again! thus please make sure you hever you emergency account finded so ifyou invest any money you never have to sell for a loss and can hold out for gains! tl:dr; i suspect you are getting a great return by keeping the money in a savings account by not having to finance any major expense! i would suggest keep most of that 5k in the savings account 