Most people think of income as something they work for. Go to work for a day, get a day’s pay. Passive income is money you earn even when you’re not working.
It takes some investment of time, money, energy, or all three, but then the money just comes in, helping you pay off a student loan, dig out of credit card debt, save for retirement, or advance other personal finance goals. Do you want to get started? Here are 35 passive income ideas:
Dividends are profits paid out to owners of stocks. Some companies pay dividends regularly, which means that dividends can become a dependable source of income if you amass a significant number of shares over time.
Do you believe that the global economy will continue to grow and progress? And do you have 10+ years to invest money and build eventual passive income streams? If so, index investing might be for you.
Utilizing real estate that you own is a great way to turn your property into rental income. Airbnb and similar services have revolutionized where people stay when they travel. And it has opened up serious passive income doors.
Do you have a message to share with the world? Something unique to teach people? A bent for videography? A personality that people want to watch? If you gather a following on YouTube, you can earn a significant passive income from advertising revenue.
You could earn a significant side income by learning to buy and sell that product for a profit on eBay. This is frequently called “flipping.” The learning curve may be a little steep at first. However, once you get the hang of selling on eBay, you can regularly churn out additional income.