{"id":397,"date":"2023-04-19T17:00:00","date_gmt":"2023-04-19T17:00:00","guid":{"rendered":"http:\/\/marshalllodge.co.uk\/?p=397"},"modified":"2023-11-23T15:18:06","modified_gmt":"2023-11-23T15:18:06","slug":"31-passive-income-ideas-to-build-real-wealth-updated-for-2023","status":"publish","type":"post","link":"http:\/\/marshalllodge.co.uk\/index.php\/2023\/04\/19\/31-passive-income-ideas-to-build-real-wealth-updated-for-2023\/","title":{"rendered":"31 Passive Income Ideas to Build Real Wealth (Updated for 2023)"},"content":{"rendered":"<p><strong><em>\u201cMaking money while you sleep\u201d<\/em><\/strong>\u00a0has a nice ring to it, doesn\u2019t it? After all, one of the <a href=\"https:\/\/www.goodfinancialcents.com\/what-is-financial-independence-retire-early-fire\/\" data-wpel-link=\"internal\" rel=\"noopener\">goals of financial independence<\/a> is to build wealth that doesn\u2019t eat up your time, so you can enjoy life and do the things you choose to do.<\/p>\n<p>The truth is that building a passive income stream usually isn\u2019t passive at first. It requires time, money, skills, or all three. But where do you start? <\/p>\n<p>The first step is to build a small savings account that you can use later. <\/p>\n<p>This is your nest egg. We\u2019ll come back to this.<\/p>\n<div class=\"gfc-table-of-contents gfc-table-of-contents-blockwrap gfc-blockwrap\">\n<div class=\"gfc-table-of-contents-title-container\">\n<h3>Table of Contents<\/h3>\n<\/div>\n<div class=\"gfc-table-of-contents-content\t-container\">\n<ul>\n<li><a href=\"#what-is-passive-income\">What Is Passive Income?<\/a><\/li>\n<li><a href=\"#the-golden-rule-of-passive-income-protect-your-time\">The Golden Rule of Passive Income \u2013 Protect Your Time.<\/a><\/li>\n<li><a href=\"#what-passive-income-is-not\">What Passive Income Is Not.<\/a><\/li>\n<li><a href=\"#examples-what-is-and-is-not-passive-income\">Examples: What Is and Is Not Passive Income<\/a><\/li>\n<li><a href=\"#passive-income-skip\">How to Start Building Passive Income<\/a><\/li>\n<li><a href=\"#gfc_globals-fieldsave_better_savings\">5.26%<\/a><\/li>\n<li><a href=\"#varies\">varies<\/a><\/li>\n<li><a href=\"#skip\">31 Passive Income Ideas<\/a><\/li>\n<li><a href=\"#couch\">1. Invest in Real Estate<\/a><\/li>\n<li><a href=\"#peer\">2. Peer to Peer Lending <\/a><\/li>\n<li><a href=\"#hys\">3. Invest in High-Yield Savings<\/a><\/li>\n<li><a href=\"#investmarkets\">4. Invest In the Stock Market, Passively <\/a><\/li>\n<li><a href=\"#cd\">5. Invest in CDs <\/a><\/li>\n<li><a href=\"#buyblog\">6. Buy a Blog or Website <\/a><\/li>\n<li><a href=\"#investbusiness\">7. Invest in a Business <\/a><\/li>\n<li><a href=\"#startblog\">8. Start a Blog<\/a><\/li>\n<li><a href=\"#course\">9. Create An Online Course or Guide <\/a><\/li>\n<li><a href=\"#ebook\">10. Sell An E-book:<\/a><\/li>\n<li><a href=\"#stockphotos\">11. Sell Stock Photos <\/a><\/li>\n<li><a href=\"#music\">12. License Your Music <\/a><\/li>\n<li><a href=\"#app\">13. Build An App Or Product You Can Sell <\/a><\/li>\n<li><a href=\"#influencer\">14. Become A Social Media Influencer <\/a><\/li>\n<li><a href=\"#instacart\">15. Deliver for Instacart <\/a><\/li>\n<li><a href=\"#16-deliver-for-ubereats\">16. Deliver for UberEats<\/a><\/li>\n<li><a href=\"#rentcar\">17. Rent Your Car<\/a><\/li>\n<li><a href=\"#rentRV\">18. Rent Out Your RV<\/a><\/li>\n<li><a href=\"#renthome\">19. Rental Income from Your Home<\/a><\/li>\n<li><a href=\"#ridesharedriving\">20. Become a Rideshare Driver<\/a><\/li>\n<li><a href=\"#carad\">21. Advertise with Your Car<\/a><\/li>\n<li><a href=\"#opinion\">22. Give Your Opinion with Surveys<\/a><\/li>\n<li><a href=\"#network\">23. Network Marketing<\/a><\/li>\n<li><a href=\"#sleep\">24. Get Paid to Snooze With Sleep Studies<\/a><\/li>\n<li><a href=\"#ebay\">25. Flip Goods on eBay<\/a><\/li>\n<li><a href=\"#amazon\">26. Dropship With Amazon<\/a><\/li>\n<li><a href=\"#refinance\">27. Refinance Your Home or Pay Down Debt<\/a><\/li>\n<li><a href=\"#rebates\">28. Get Online Rebates<\/a><\/li>\n<li><a href=\"#renttools\">29. Rent Your Tools<\/a><\/li>\n<li><a href=\"#domainnames\">30. Buy &amp; Sell Domain Names<\/a><\/li>\n<li><a href=\"#lessonplans\">31. Sell Lesson Plans (for Teachers)<\/a><\/li>\n<li><a href=\"#5-services-to-help-outsource-your-business\">5 Services to Help Outsource Your Business<\/a><\/li>\n<li><a href=\"#how-can-you-generate-passive-income\">How Can You Generate Passive Income?<\/a><\/li>\n<li><a href=\"#frequently-asked-questions-faqs-on-passive-income-ideas\">Frequently Asked Questions (FAQ\u2019s) on Passive Income Ideas<\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>Building multiple passive income streams has an additional benefit in the short term: it can make you more resilient and better able to weather economic shocks, such as what was experienced with the past housing crisis and global pandemic. <\/p>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/what-is-passive-income\/\" data-wpel-link=\"internal\" rel=\"noopener\">Passive income<\/a> is a long-term choice that requires short-term tradeoffs. <\/p>\n<p>If you\u2019re willing to commit your resources to the steps and ideas below, you could earn residual income effortlessly for years to come.<\/p>\n<p>You just need to know where to start and decide what resources you\u2019re willing to expend for your passive income ideas to take flight.<\/p>\n<p>In this post, I will break down passive income and show you how to create several passive income streams. <\/p>\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__align-left uagb-block-e13a38ab\">\n<h4 class=\"uagb-notice-title\">EXPERT TIP<\/h4>\n<div class=\"uagb-notice-text\"><strong>The best way to start making passive income in investing in real estate. <\/p>\n<p>When you look at the wealthiest investors across the globe, one of the most common assets they own is real estate.<\/strong><\/div>\n<\/div>\n<p> You may not have millions or even thousands to get started \u2013 and that\u2019s okay!  Because you can invest as <strong>little as $10<\/strong> into a company named <a href=\"https:\/\/www.goodfinancialcents.com\/go\/fundrise\/fundrise-alternatives\" data-wpel-link=\"internal\" rel=\"noopener\">Fundrise<\/a> and start generating passive income asap. <\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-single-vendor-block gfc-single-vendor-card-blockwrap gfc-blockwrap container undefined\">\n<div class=\"row\">\n<div class=\"col-md-6\">\n<div class=\"image-container\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/www.goodfinancialcents.com\/wp-content\/uploads\/2022\/05\/fundrise-logo.png\"><\/div>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/go\/fundrise\/passive-income-top-cta\" class=\"btn btn-primary vendor-button\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Earn Passive Income in Real Estate<\/a><\/div>\n<div class=\"col-md-6\">\n<ul class=\"list-items\">\n<li>Low minimum investment \u2013 $10<\/li>\n<li>Diversified real estate portfolio<\/li>\n<li>Portfolio Transparency <\/li>\n<\/ul>\n<p><a class=\"get-started\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/div>\n<\/div>\n<\/div>\n<p><strong>&gt; Skip to the Passive Income Ideas<\/strong><\/p>\n<h2 class=\"wp-block-heading\">What Is Passive Income?<\/h2>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<p><iframe loading=\"lazy\" title=\"Passive Income Ideas \ud83d\ude34 (11 Proven Ways to Make $1,000+ Per Month)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/JueUvj6X3DA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote\">\n<p>Passive income is money earned with minimal activity through any venture that requires little daily effort or upkeep on the individual\u2019s part.<\/p>\n<\/blockquote>\n<p>Let\u2019s break that down a bit more:<\/p>\n<ul>\n<li><strong>Passive<\/strong>: requiring little or none of your most precious resource, your time!<\/li>\n<\/ul>\n<ul>\n<li><strong>Income<\/strong>: generating cash inflow that either represents income you use during daily life or that you re-invest.<\/li>\n<\/ul>\n<p>A good litmus test is that you should be able to go out and get a full-time job that takes up the majority of your working hours and still be able to run your passive income streams. If you need a more formal definition, <a href=\"https:\/\/www.irs.gov\/publications\/p925#en_US_2022_publink1000104597\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">IRS Pub 925<\/a> has you covered. <\/p>\n<h2 class=\"wp-block-heading\">The Golden Rule of Passive Income \u2013 Protect Your Time.<\/h2>\n<p>Passive income is more about time than anything else. You could do many things to\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/how-to-make-money\/\" data-wpel-link=\"internal\" rel=\"noopener\">make money<\/a>, but not <a href=\"https:\/\/www.goodfinancialcents.com\/multiple-streams-of-income\/\" data-wpel-link=\"internal\" rel=\"noopener\">all income streams<\/a> are passive.<\/p>\n<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-blue-callout-box-no-button-block container gfc-blue-callout-box-no-button-blockwrap gfc-blockwrap blue-callout-box-no-button-wrapper undefined wide\">\n<div class=\"row\">\n<div class=\"col-md-12 d-flex align-items-center justify-content-undefined\">\n<div class=\"blue-callout-box-no-button-wrapper\">\n<p class=\"blue-callout-box-no-button-message\">I\u2019m all for you actively building a business or a side hustle, but for the income stream to truly be passive, <strong><em>it must require less and less effort to produce income<\/em><\/strong>, eventually requiring no effort (or very little to maintain).<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>For example, if it takes you 2 hours to generate $100 today, and it takes you the same 2 hours to generate $100 next week or a year from now, that income stream is not passive because it takes the same effort (money, time, etc.).<\/p>\n<p>On the other hand, if I <a href=\"https:\/\/www.goodfinancialcents.com\/why-you-must-start-investing-now\/\" data-wpel-link=\"internal\" rel=\"noopener\">open an investing account today<\/a><a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-small-amounts-of-money\/\" data-wpel-link=\"internal\" rel=\"noopener\">,<\/a> that takes some effort. But as that account grows and I check it four times a year, my returns go up, and my effort goes down.<\/p>\n<p>Same if I build an online course. At first, I\u2019m earning no money, and my effort is very high. But I expend a ton of effort at first. <\/p>\n<p>Once the course is complete, I do some continued marketing and client support which amounts to just a few hours per week, while sales roll in month after month.<\/p>\n<p>Do you get the picture? Now let\u2019s talk about what passive income is not.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-click-to-tweet gfc-click-to-tweet-blockwrap gfc-blockwrap container content-to-tweet\">\n<div class=\"twitter-icon-container\">\n<div class=\"icon-wrapper\"><a href=\"https:\/\/twitter.com\/intent\/tweet?text=Passive Income is all about protecting your time.&amp;via=jjeffrose&amp;url=https:\/\/www.goodfinancialcents.com\/passive-income-ideas\/\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\"><span class=\"dashicon dashicons dashicons-twitter\"><\/span><\/a><\/div>\n<\/div>\n<div class=\"twitter-text-container\">\n<p><strong>Passive Income is all about protecting your time.<\/strong><\/p>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">What Passive Income Is Not.<\/h2>\n<h3 class=\"wp-block-heading\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u274c\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/274c.png\"> Your Job.<\/h3>\n<p>Obviously. This is active income. The idea of passive income is to supplement, augment or get you out of your job so you can retire, travel, or spend more time with loved ones.<\/p>\n<h3 class=\"wp-block-heading\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u274c\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/274c.png\"> Side Hustles.<\/h3>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/side-hustle-ideas\/\" data-wpel-link=\"internal\" rel=\"noopener\">Side hustles<\/a> are great ways to make money, but not all side hustles are passive. Side hustles are usually active, and maybe with systemization, they can turn into passive income streams.<\/p>\n<p>If you need to continually invest the same (or more) amount of time for the same amount of financial output, the venture is not passive. Remember, in the beginning, a passive income stream could require more time, money, or work than it produces. <\/p>\n<p>You have to evaluate the passive income opportunity in its long-term state for you.<\/p>\n<h3 class=\"wp-block-heading\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u274c\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/274c.png\"> Consulting.<\/h3>\n<p>Consulting is just another job \u2013 perfect for a side hustle, but not exactly passive. For consulting to be passive, you\u2019ll need to build the practice with other people and be able to step away from the work eventually.<\/p>\n<h3 class=\"wp-block-heading\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u274c\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/274c.png\"> Investing for Speculation.<\/h3>\n<p>Here\u2019s where I split hairs. I do not consider stock investments for capital appreciation only to be passive income. Why? Because stock appreciation is not income. <\/p>\n<p>On the other hand, investing in stable companies that throw off cash in dividends is a passive income strategy. <\/p>\n<p>The difference is, are you getting a cash-on-cash return, or will you only see a return if you sell the investment?<\/p>\n<p>Also, investments like <a href=\"https:\/\/www.goodfinancialcents.com\/invest-in-cryptocurrency\/\" data-wpel-link=\"internal\" rel=\"noopener\">cryptocurrencies<\/a> and commodities are reserved for price speculation. There are many times when these investments should get some allocation of your portfolio, but investing like this is not a stable passive income strategy unless you earn yields or grit bot trading.<\/p>\n<h2 class=\"wp-block-heading\">Examples: What Is and Is Not Passive Income<\/h2>\n<figure class=\"wp-block-table\">\n<table>\n<tbody>\n<tr>\n<td><strong>Active Side Hustle Income<\/strong><\/td>\n<td><strong>Passive Income<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Consulting by the Hour<\/td>\n<td>A Course on Your Area of Expertise That You Sell Online<\/td>\n<\/tr>\n<tr>\n<td>Freelance Computer Programming<\/td>\n<td>Building a Program, You Can Sell Over and Over<\/td>\n<\/tr>\n<tr>\n<td>Freelance Writing<\/td>\n<td>Writing a Book<\/td>\n<\/tr>\n<tr>\n<td>Working Construction<\/td>\n<td>Investing in Real Estate<\/td>\n<\/tr>\n<tr>\n<td>Driving for Uber<\/td>\n<td>Renting Out Your Car<\/td>\n<\/tr>\n<tr>\n<td>Photography Sessions<\/td>\n<td>Building Your Photo Instagram Account<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<h2 class=\"wp-block-heading\" id=\"passive-income-skip\">How to Start Building Passive Income<\/h2>\n<p>There\u2019s no magic trick that turns your time directly into money. Instead, you plant seeds so your money will grow, even when you\u2019re sleeping or at the park walking your dog.<\/p>\n<p>The initial downtime you put into passive income can be as involved as\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/how-to-start-a-blog\/\" data-wpel-link=\"internal\" rel=\"noopener\">starting a blog<\/a>\u00a0or as simple as logging into a robo-advisor platform and\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-100-dollars\/\" data-wpel-link=\"internal\" rel=\"noopener\">investing $100<\/a>. You can earn passive income whether you\u2019re an <a href=\"https:\/\/www.goodfinancialcents.com\/best-entrepreneur-books-for-inspiration\/\" data-wpel-link=\"internal\" rel=\"noopener\">entrepreneur<\/a> with a brilliant business plan, a talented artist, or just happen to have extra cash to invest.<\/p>\n<h3 class=\"wp-block-heading\">Start Building a Nest Egg<\/h3>\n<p>Remember earlier I said to create passive income you need time, money, or skills? Let\u2019s start with money. Open a\u00a0high-interest savings account\u00a0and park even $100 dollars in it. Boom, you just made passive income! <\/p>\n<p>It may not be much, but you\u2019ll earn interest on that money and many <a href=\"https:\/\/www.goodfinancialcents.com\/best-online-banks\/\" data-wpel-link=\"internal\" rel=\"noopener\">online banks<\/a> even offer <a href=\"https:\/\/www.goodfinancialcents.com\/best-bank-bonuses\/\" data-wpel-link=\"internal\" rel=\"noopener\">cash bonuses for opening accounts<\/a>. Our favorite right now is <a href=\"https:\/\/www.goodfinancialcents.com\/save-better-review\/\" data-wpel-link=\"internal\" rel=\"noopener\">Save Better<\/a>.<\/p>\n<div class=\"wp-block-gfc-affiliate-card\">\n<div class=\"wp-block-uagb-container gfc-custom-affiliate uagb-block-16fe18d0 alignfull uagb-is-root-container\">\n<div class=\"uagb-container-inner-blocks-wrap\">\n<div class=\"wp-block-uagb-container uagb-block-3a5d864e\">\n<div class=\"wp-block-uagb-advanced-heading uagb-block-293442a0 gfc-custom-affiliate__banner\">\n<p class=\"uagb-heading-text\">OUR PARTNER<\/p>\n<\/div>\n<div class=\"wp-block-uagb-image uagb-block-28fe15d7 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\">\n<figure class=\"wp-block-uagb-image__figure\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\" class=\"uag-image-48287 img-fluid lazyload\" width=\"164\" height=\"48\" title=\"\" loading=\"lazy\" data-src=\"http:\/\/marshalllodge.co.uk\/wp-content\/uploads\/2023\/04\/save-better-by-raisin-logo.png\"><\/figure>\n<\/div>\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-f65ffa56 gfc-custom-buttons\">\n<div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap\">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-81f611bf wp-block-button gfc-custom-button\">\n<div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" href=\"https:\/\/www.goodfinancialcents.com\/go\/savebetter\/passinveinc\" rel=\"nofollow noopener\" target=\"_blank\" data-wpel-link=\"internal\"><\/p>\n<div class=\"uagb-button__link\">Yes! sign me up<\/div>\n<p><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-uagb-container uagb-block-ab6463bf\">\n<section class=\"wp-block-uagb-columns uagb-columns__wrap uagb-columns__background-none uagb-columns__stack-mobile uagb-columns__valign- uagb-columns__gap-10 align uagb-block-14f68bf0 uagb-columns__columns-2 uagb-columns__max_width-theme\">\n<div class=\"uagb-columns__overlay\"><\/div>\n<div class=\"uagb-columns__inner-wrap uagb-columns__columns-2\">\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-fee9b151\">\n<div class=\"uagb-column__overlay\"><\/div>\n<div class=\"wp-block-uagb-advanced-heading uagb-block-4711aa41 gfc-custom-affiliate__interest\">\n<h2 class=\"uagb-heading-text\">5.26%<\/h2>\n<p class=\"uagb-desc-text\">Interest Rate<\/p>\n<\/div>\n<\/div>\n<div class=\"wp-block-uagb-column uagb-column__wrap uagb-column__background-undefined uagb-block-8c578dfb\">\n<div class=\"uagb-column__overlay\"><\/div>\n<div class=\"wp-block-uagb-advanced-heading uagb-block-6757b851 gfc-custom-affiliate__deposit\">\n<h2 class=\"uagb-heading-text\">varies<\/h2>\n<p class=\"uagb-desc-text\">Min. Initial Deposit<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<div class=\"wp-block-uagb-advanced-heading uagb-block-4091d13e\">\n<div class=\"uagb-heading-text\"><a href=\"https:\/\/www.goodfinancialcents.com\/go\/savebetter\/passinveinc\" target=\"_blank\" rel=\"noreferrer noopener sponsored nofollow\" data-wpel-link=\"internal\">Turn Your Savings Into Something<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 class=\"wp-block-heading\">2. Assess Your Skills<\/h3>\n<p>When I started\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/\" data-wpel-link=\"internal\" rel=\"noopener\">GoodFinancialCents<\/a>\u00a0I was a <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-become-a-certified-financial-planner\/\" data-wpel-link=\"internal\" rel=\"noopener\">Certified Financial Planner<\/a> looking to grow my business and answer common client questions. I figured out that I could use these skills to create great content online, and that I could make money with this blog over time.<\/p>\n<p>I have friends who were stock traders and now have communities around that skill or write for financial publications. Other friends have gotten good at management, and now are building career websites.<\/p>\n<p>What are you good at? What are you passionate about? Take a quick inventory, and research the ways others have used those skills to build income streams.<\/p>\n<h3 class=\"wp-block-heading\">3. Assess Your Time, Money and Effort. Be Realistic About Your Commitments<\/h3>\n<p>Time is a tricky one, because it\u2019s our most limited resource. Trying to make more money or create passive income can be a trap because it usually requires you to learn new topics or new skills, and that can be a time suck. Remember, you may have to bite the bullet in the short term, but in the long term your goal is to minimize your time investment.<\/p>\n<p>Are you fully committed? Current work, family and social activities eat up a lot of time. If you don\u2019t have much time, you\u2019ll need to lean more towards investing or getting someone else to do the work for you.<\/p>\n<p>In this guide, we\u2019ve labeled each idea with an effort level (1-5, 5 requires the most effort) to help you match your current abilities to the idea.<\/p>\n<h3 class=\"wp-block-heading\">4. Ideate and Choose<\/h3>\n<p>The final step is to put some ideas down on paper and choose how to begin. We created the following list to help you kick off your brainstorming. To help with that, we\u2019ve created this list of ideas to get you started. Here\u2019s to your wealth and freedom!<\/p>\n<h2 class=\"wp-block-heading\" id=\"skip\">31 Passive Income Ideas<\/h2>\n<p><strong>Generate Passive Income With Money Investment (Effort Level: 1-2)<\/strong><\/p>\n<p>1. Invest In Real Estate From Your Couch<\/p>\n<p>2. Peer to Peer Lending<\/p>\n<p>3. High Yield Savings<\/p>\n<p>4. Passively Invest In The Markets<\/p>\n<p>5. CD Laddering<\/p>\n<p>6. Buy a Blog<\/p>\n<p>7. Invest in a Business<\/p>\n<p><strong>Generate Passive Income With Time Investment (Effort Level: 3-5)<\/strong><\/p>\n<p>8. Start A Blog<\/p>\n<p>9. Build An Online Course or Guide<\/p>\n<p>10. Sell An E-book<\/p>\n<p>11. Sell Stock Photos<\/p>\n<p>12. License Your Music<\/p>\n<p>13. Build An App Or Product You Can Sell<\/p>\n<p>14. Become A Social Media Influencer<\/p>\n<p><strong>Semi-Passive Side Hustles<\/strong><\/p>\n<p>15. Deliver for Instacart<\/p>\n<p>16. Deliver for Postmates<\/p>\n<p>17. Rent Your Car<\/p>\n<p>18. Rent Out Your RV<\/p>\n<p>19. Rent Out Your Home<\/p>\n<p>20. Rideshare Driving<\/p>\n<p>21. Advertise with Your Car<\/p>\n<p>22. Get Paid For Your Opinion<\/p>\n<p>23. Network Marketing<\/p>\n<p>24. Sleep Studies<\/p>\n<p>25. E-Bay Seller<\/p>\n<p>26. Drop Ship With Amazon<\/p>\n<p><strong>Easy Wins To Boost Your Income Or Start Your Nest Egg<\/strong><\/p>\n<p>27. Refinance Your Debt<\/p>\n<p>28. Online Rebates<\/p>\n<p>29. Rent Your Tools <\/p>\n<p>30. Buy and Sell Domain Names <\/p>\n<p>31. Sell Lesson Plans (for Teachers)<\/p>\n<h2 class=\"wp-block-heading\" id=\"couch\">1. Invest in Real Estate<\/h2>\n<p><strong>Effort Level: 1<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>The best way to earn passive income is by investing in real estate. <\/p>\n<p>When you look at the wealthiest investors across the globe, one of the most common assets they own is real estate. <\/p>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-in-real-estate\/\" data-wpel-link=\"internal\" rel=\"noopener\">Real estate investing<\/a> has been a way to build wealth for a long time. It used to take a lot of time, <a href=\"https:\/\/www.goodfinancialcents.com\/personal-capital-review\/\" data-wpel-link=\"internal\" rel=\"noopener\">personal capital<\/a>, and expertise, but that\u2019s no longer the case.<\/p>\n<p>However, <a href=\"https:\/\/www.goodfinancialcents.com\/best-real-estate-investing-apps\/\" data-wpel-link=\"internal\" rel=\"noopener\">real estate investing apps<\/a> have democratized access to this asset class \u2013 making it easier for you and me to create no-work, passive income.<\/p>\n<p>Below are resources I recommend checking out if you\u2019re interested:<\/p>\n<h4 class=\"wp-block-heading\"><strong>Fundrise<\/strong><\/h4>\n<p>You may not have millions or even thousands to start an investment property \u2013 and that\u2019s okay! You can invest as little as $10 into a company named Fundrise and start generating passive income ASAP.<\/p>\n<p>Fundrise\u00a0specializes in <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-reit\/\" data-wpel-link=\"internal\" rel=\"noopener\">REITs (real estate investment trusts)<\/a>. If you live in an expensive city or don\u2019t have the time to manage a rental property, REITs are the way to go.<\/p>\n<p>REITs own and manage income-producing properties and distribute the profits to investors. Investing in REITs was once expensive and required accreditation, but Fundrise has changed all this.<\/p>\n<p><strong><strong>The minimum investment on Fundrise is only $10. <\/strong><\/strong><\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-single-vendor-block gfc-single-vendor-card-blockwrap gfc-blockwrap container undefined\">\n<div class=\"row\">\n<div class=\"col-md-6\">\n<div class=\"image-container\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/www.goodfinancialcents.com\/wp-content\/uploads\/2022\/05\/fundrise-logo.png\"><\/div>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/go\/fundrise\/passive-income-bottom-cta\" class=\"btn btn-primary vendor-button\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Invest in Real Estate<\/a><\/div>\n<div class=\"col-md-6\">\n<ul class=\"list-items\">\n<li>Low minimum investment \u2013 $10<\/li>\n<li>Diversified real estate portfolio<\/li>\n<li>Portfolio Transparency <\/li>\n<\/ul>\n<p><a class=\"get-started\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/div>\n<\/div>\n<\/div>\n<h4 class=\"wp-block-heading\"><strong>Roofstock<\/strong><\/h4>\n<p>Here\u2019s another real estate platform for a little additional income. Roofstock is a marketplace of turnkey single-family homes for sale. The term \u201cturnkey\u201d means the numbers have been crunched, the home may have been rehabbed, and may already include tenants!<\/p>\n<p>All you, as the investor, have to do is put up the cash. Once you purchase the home, it is 100% yours, and the <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-in-apartment-buildings\/\" data-wpel-link=\"internal\" rel=\"noopener\">rental income<\/a> goes straight to you.<\/p>\n<p class=\"has-text-align-center\">Buy Single-Family Homes<\/p>\n<h4 class=\"wp-block-heading\">RealtyMogul<\/h4>\n<p>For something between Fundrise\u2019s REITs and Roofstock\u2019s single-family homes, I recommend checking out\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/realty-mogul-review\/\" data-wpel-link=\"internal\" rel=\"noopener\">RealtyMogul.<\/a><\/p>\n<p>Realty Mogul is a <a href=\"https:\/\/www.goodfinancialcents.com\/best-real-estate-crowdfunding-platforms\/\" data-wpel-link=\"internal\" rel=\"noopener\">real estate crowdfunding platform<\/a> that pools investors\u2019 money to purchase large ticket properties (office buildings, retail space, etc.). The minimum investment is $5,000.<\/p>\n<p>Real estate investing is the best passive income idea!<\/p>\n<p class=\"has-text-align-center\">Get Started with Realty Mogul<\/p>\n<h2 class=\"wp-block-heading\" id=\"peer\">2. Peer to Peer Lending <\/h2>\n<p><strong> Effort Level: 1<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/peer-to-peer-lending\/\" data-wpel-link=\"internal\" rel=\"noopener\">Peer-to-peer lending<\/a>, or P2P Lending, is a favorite of mine. The idea is to lend money to individuals or a business. They then pay you back, plus interest.<\/p>\n<p>Let\u2019s say someone needs to borrow $10k to <a href=\"https:\/\/www.goodfinancialcents.com\/what-is-debt-consolidation\/\" data-wpel-link=\"internal\" rel=\"noopener\">consolidate their debt<\/a>. They create an account with <a href=\"https:\/\/www.goodfinancialcents.com\/lending-club-review-for-investors-and-borrowers\/\" data-wpel-link=\"internal\" rel=\"noopener\">Lending Club<\/a> (for example) and, depending on their <a href=\"https:\/\/www.goodfinancialcents.com\/free-credit-monitoring-from-credit-karma\/\" data-wpel-link=\"internal\" rel=\"noopener\">credit history<\/a>, income, etc., are given an interest rate on the loan. <\/p>\n<p>The investor (you) also creates an account with Lending Club and buys the debt. When the borrower makes monthly payments, the principal and interest are paid to you in your Lending Club investment account.<\/p>\n<p>Several companies underwrite P2P lending; some, like Lending Club, facilitate <a href=\"https:\/\/www.goodfinancialcents.com\/best-personal-loans\/\" data-wpel-link=\"internal\" rel=\"noopener\">personal loans<\/a>, while others, like Worthy, facilitate <a href=\"https:\/\/www.goodfinancialcents.com\/business-loans\/\" data-wpel-link=\"internal\" rel=\"noopener\">business loans<\/a> (the process is the exact same).<\/p>\n<p>Expected returns are in the 5% range (depending on platform and loan type). While not exactly stock returns, 5% or more is better than <a href=\"https:\/\/www.goodfinancialcents.com\/best-national-banks\/\" data-wpel-link=\"internal\" rel=\"noopener\">most national bank interest rates<\/a>.<\/p>\n<h2 class=\"wp-block-heading\" id=\"hys\">3. Invest in High-Yield Savings<\/h2>\n<p><strong>Effort Level: 1<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Savings accounts\u00a0might be the most boring investment ever invented, but they are also the safest passive income opportunity.<\/p>\n<p>At 0.15 percent interest or lower, you\u2019d need to exceed the FDIC-insured $250,000 account limit to see any real action.<\/p>\n<p>However, <a href=\"https:\/\/www.goodfinancialcents.com\/best-savings-accounts\/\" data-wpel-link=\"internal\" rel=\"noopener\">online savings accounts<\/a> offer rates well above typical banks. Better yet, these rates are competitive with CD rates without locking in your money for several years.<\/p>\n<p>Our favorite <a href=\"https:\/\/www.goodfinancialcents.com\/best-online-high-yield-savings-accounts-interest-rates\/\" data-wpel-link=\"internal\" rel=\"noopener\">high-yield savings account<\/a> option currently is UFB Direct.<\/p>\n<div class=\"wp-block-uagb-inline-notice uagb-inline_notice__align-left uagb-block-fc6e5419\">\n<h4 class=\"uagb-notice-title\">Bonus<strong>:<\/strong><\/h4>\n<div class=\"uagb-notice-text\"><strong><a href=\"https:\/\/www.goodfinancialcents.com\/go\/ufb-direct\/passive-inc2\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">UFB Direct<\/a><\/strong> has a top-yielding savings account that earns\u00a05.25%\u00a0APY and has no minimum balance requirements.\u00a0 <strong><a href=\"https:\/\/www.goodfinancialcents.com\/go\/ufb-direct\/passive-inc2\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">Open an account here &gt;&gt;<\/a><\/strong><\/div>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"investmarkets\">4. Invest In the Stock Market, Passively <\/h2>\n<p><strong>Effort Level: 1 <\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Investing in public <a href=\"https:\/\/www.goodfinancialcents.com\/bonds-vs-stocks\/\" data-wpel-link=\"internal\" rel=\"noopener\">stocks and bonds<\/a> is the main way people build long-term wealth and passive income through their retirement plans or <a href=\"https:\/\/www.goodfinancialcents.com\/what-is-a-brokerage-account\/\" data-wpel-link=\"internal\" rel=\"noopener\">brokerage accounts<\/a>. The data is pretty good; however, the average person like you and I should make passive income investments through <a href=\"https:\/\/www.goodfinancialcents.com\/investing-in-etfs\/\" data-wpel-link=\"internal\" rel=\"noopener\">ETFs<\/a>, mutual fund, or <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-index-funds\/\" data-wpel-link=\"internal\" rel=\"noopener\">index funds<\/a> with low fees.<\/p>\n<p>There are two ways you can do this:<\/p>\n<h3 class=\"wp-block-heading\">Set It and Forget It With a Robo Investment Advisor<\/h3>\n<p>Letting an algorithm manage your investments is about as passive as you can get. <a href=\"https:\/\/www.goodfinancialcents.com\/best-robo-advisors\/\" data-wpel-link=\"internal\" rel=\"noopener\">Robo-advisors<\/a> like\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/go\/betterment\" data-wpel-link=\"internal\" rel=\"noopener\">Betterment<\/a>\u00a0allow you to set your willingness for risk, then sit back and let the income flow. And the fees are much lower than what you\u2019d pay a human account manager. Below is a rundown of a few of the leading robo-advisor platforms.<\/p>\n<p>I have been a long-time supporter of Betterment and even did an interview with their CEO in my\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/betterment-investing-review\/\" data-wpel-link=\"internal\" rel=\"noopener\">Betterment investing review<\/a>. <\/p>\n<p>Betterment is great at reducing any taxes you have to pay on your investments, and they work with you to give you the best financial advice through their algorithms.<\/p>\n<p>Unlike other robo-advisors, with Betterment, you can talk to a human being if you want to. Betterment charges the same fees as Wealthfront but does not waive the fee on the\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-10000-dollars\/\" data-wpel-link=\"internal\" rel=\"noopener\">first $10,000 you invest<\/a>.<\/p>\n<p class=\"has-text-align-center\">Get Started with Betterment<\/p>\n<h3 class=\"wp-block-heading\">Pick Your Own Dividend Stocks or ETFS With an Online Brokerage Like M1 Finance<\/h3>\n<p>By building a portfolio of <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-invest-dividend-stocks\/\" data-wpel-link=\"internal\" rel=\"noopener\">high-dividend stocks<\/a>, you can create regular passive income at an annual rate much higher than what you get on bank investments.<\/p>\n<p>Just as important, since high dividend stocks are <a href=\"https:\/\/www.goodfinancialcents.com\/should-you-invest-all-your-money-in-stocks\/\" data-wpel-link=\"internal\" rel=\"noopener\">stocks<\/a>, there is always the potential for capital appreciation. That way, you can earn passive income from two sources \u2013 dividends and capital gains.<\/p>\n<p>You can make this process easy and affordable by opening an account with any of the brokerages listed below. Most brokerages no longer charge trading commissions which is a huge saving for us!<\/p>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/best-online-stock-brokers-for-beginners-small-investors\/\" data-wpel-link=\"internal\" rel=\"noopener\">Online brokerages<\/a> give you more flexibility to choose which ETFs (and individual stocks) you want to invest in. Incumbent online brokers like <a href=\"https:\/\/www.goodfinancialcents.com\/td-ameritrade-review\/\" data-wpel-link=\"internal\" rel=\"noopener\">TD Ameritrade<\/a> and <a href=\"https:\/\/www.goodfinancialcents.com\/etrade-review-best-for-active-traders\/\" data-wpel-link=\"internal\" rel=\"noopener\">E-trade<\/a> have done very well with low fees for individual stock and bond trades.<\/p>\n<p>However, my favorite online broker right now is\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/m1-finance-review\/\" data-wpel-link=\"internal\" rel=\"noopener\">M1 Finance<\/a>. They make it super easy to passively invest in ETFs, and are rounding out their portfolio of services to get you access to your money seamlessly.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-single-vendor-block gfc-single-vendor-card-blockwrap gfc-blockwrap container undefined\">\n<div class=\"row\">\n<div class=\"col-md-6\">\n<div class=\"image-container\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/www.goodfinancialcents.com\/wp-content\/uploads\/2019\/04\/m1-finance-logo-e1596133379952.png\"><\/div>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/go\/m1finance\/passive-income-cta\" class=\"btn btn-primary vendor-button\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Open an Account<\/a><\/div>\n<div class=\"col-md-6\">\n<ul class=\"list-items\">\n<li>Commission-free investing<\/li>\n<li>Allows fractional shares in stocks, ETFs<\/li>\n<li>Small minimum investment: $100<\/li>\n<\/ul>\n<p><a class=\"get-started\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/div>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\" id=\"cd\">5. Invest in CDs <\/h2>\n<p><strong>Effort Level: 1 <\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>CDs (or certificates of deposit) are simple and straightforward, and if I\u2019m being honest, it\u2019s not one of the most exciting passive income ideas or investment strategies out there. <\/p>\n<p>But if your goal is to <a href=\"https:\/\/www.goodfinancialcents.com\/make-money-while-you-sleep\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">make money while you sleep<\/a>, there isn\u2019t anything more passive than CDs. Investing in a certificate of deposit is a\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/low-risk-investments-options-high-yield\/\" data-wpel-link=\"internal\" rel=\"noopener\">great-low risk strategy<\/a>\u00a0to accrue interest risk-free.<\/p>\n<p>CDs are like savings accounts with a catch. You can\u2019t touch your funds before they reach maturity, based on the time frame you set when you open the account. That time period can range from months to years.<\/p>\n<p>Be sure and buy your CD with an FDIC-insured financial institution (up to $250k is insured), and make sure to get the\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/best-cd-rates\/\" data-wpel-link=\"internal\" rel=\"noopener\">best CD rates<\/a>. The longer the duration of the CD, the more interest the <a href=\"https:\/\/www.goodfinancialcents.com\/best-credit-unions\/\" data-wpel-link=\"internal\" rel=\"noopener\">financial institution<\/a> will pay.<\/p>\n<p class=\"has-text-align-center\">Find the Best CD Rates Here<\/p>\n<h2 class=\"wp-block-heading\" id=\"buyblog\">6. Buy a Blog or Website <\/h2>\n<p><strong>Effort Level: 2 <\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>A few years ago, my partners made several good investments by purchasing blogs others created and then \u201cmonetizing\u201d them. While it\u2019s not as easy to get a screaming deal anymore, there are very healthy resell marketplaces for online businesses that connect buyers and sellers.<\/p>\n<p>Thousands of blogs and websites are abandoned by their owners every year. <\/p>\n<p>It could be a perfect <a href=\"https:\/\/www.goodfinancialcents.com\/how-is-passive-income-taxed\/\" data-wpel-link=\"internal\" rel=\"noopener\">passive income source<\/a> if you can buy blogs with a reasonable amount of web traffic and demonstrated cash flow.<\/p>\n<p>You\u2019ll need to have some digital marketing know-how to make the most out of your new blog or website. Most blogs employ Google AdSense, which provides a monthly revenue stream based on ads that Google places on the site. There may also be affiliate marketing programs generating money online for you. <\/p>\n<p>From a financial perspective, blogs usually sell for 24 times their monthly income. So if the site generates $250 a month in income, you can likely buy it for no more than $6,000. <\/p>\n<p>Translation: a $6,000 investment will buy you $3,000 per year in cash flow.<\/p>\n<p>Some sites have good evergreen content that will continue generating revenue even years after the site has gone silent, so\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/best-ways-to-invest-5000-dollars\/\" data-wpel-link=\"internal\" rel=\"noopener\">a simple $5,000 investment<\/a>\u00a0can net you ongoing passive income.<\/p>\n<p><em><strong>Bonus Tip:<\/strong><\/em>\u00a0If you buy such a site and then reinvigorate it with fresh content, you may be able to increase the monthly revenue and sell the site at a later date for substantially more than what you paid for it.<\/p>\n<p><strong>Where Can You Buy a Blog or Website? <\/strong>I recommend buying a blog on\u00a0<a href=\"https:\/\/flippa.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow external\" data-wpel-link=\"external\">Flippa<\/a>. Here are some quick facts on this awesome marketplace:<\/p>\n<ul>\n<li>Includes Everything From Small Sites to Ones That Garner Millions<\/li>\n<\/ul>\n<ul>\n<li>Currently Has More Than 2,000 Web-Based Businesses for Sale<\/li>\n<\/ul>\n<ul>\n<li>Based on a Bidding System and Fulfilled by the Flippa Escrow Program to Ensure Your Money and Business Are Safely Secured.<\/li>\n<\/ul>\n<p>My partners continue to buy web-based businesses on sites like Flippa and Empire Flippers. There are apps, blogs, SaaS businesses, and online retailer opportunities all over those sites that may help you <a href=\"https:\/\/www.goodfinancialcents.com\/ways-to-make-money-earn-extra-income\/\" data-wpel-link=\"internal\" rel=\"noopener\">earn extra money<\/a>.<\/p>\n<h2 class=\"wp-block-heading\" id=\"investbusiness\">7. Invest in a Business <\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>If you don\u2019t like the <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-begin-investing-in-stocks\/\" data-wpel-link=\"internal\" rel=\"noopener\">stock market<\/a>, a better way to build passive income is to invest in tangible assets that you can see, understand, and watch grow over time.<\/p>\n<p>My favorite way to do this is by investing in a <a href=\"https:\/\/www.goodfinancialcents.com\/best-new-small-business-ideas-and-opportunities-to-start-today\/\" data-wpel-link=\"internal\" rel=\"noopener\">small business<\/a>. Entrepreneurs are a special breed, and when you come across the right one with the right idea\u2026 there\u2019s no doubt that money is in their future!<\/p>\n<p>So how to jump on the bandwagon? It\u2019s simple: Provide them with the funds they need in order to grow.<\/p>\n<p>Below are platforms and websites that connect entrepreneurs and businesses with investors seeking a return.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-simple-vendor-card gfc-simple-vendor-card-blockwrap gfc-blockwrap container undefined\">\n<div class=\"row d-flex align-items-center\">\n<div class=\"col-md-3\">\n<h3 class=\"vendor-name\">Worthy bonds<\/h3>\n<\/div>\n<div class=\"col-md-6\">\n<ul class=\"list-items\">\n<li><strong>Details<\/strong><\/li>\n<li>Fixed 5% return by way of bonds<\/li>\n<\/ul>\n<\/div>\n<div class=\"col-md-3 text-center\"><a class=\"btn btn-primary vendor-button\" href=\"https:\/\/secure.goodfinancialcents.com\/pr\/u15b06fe9b10\" target=\"_blank\" rel=\"noopener sponsored nofollow external noreferrer\" data-wpel-link=\"external\">Learn More<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"wp-block-gfc-custom-blocks-gfc-simple-vendor-card gfc-simple-vendor-card-blockwrap gfc-blockwrap container undefined\">\n<div class=\"row d-flex align-items-center\">\n<div class=\"col-md-3\">\n<h3 class=\"vendor-name\">streetshares<\/h3>\n<\/div>\n<div class=\"col-md-6\">\n<ul class=\"list-items\">\n<li><strong>Details<\/strong><\/li>\n<li>Loans focused on Veteran-run business<\/li>\n<\/ul>\n<\/div>\n<div class=\"col-md-3 text-center\"><a href=\"https:\/\/www.streetshares.com\/\" class=\"btn btn-primary vendor-button\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">Learn More<\/a><\/div>\n<\/div>\n<\/div>\n<p>Often, investments in private businesses are reserved for \u201c<a href=\"https:\/\/www.goodfinancialcents.com\/what-is-net-worth\/\" data-wpel-link=\"internal\" rel=\"noopener\">high net worth<\/a>\u201d individuals, but there are other ways you can invest in a business. Chances are you know a local business or two that could use some capital, help, or both. You can provide services such as social media consulting or operational consulting for a share of the cash flows of the business. If you have capital and meet certain qualifications, you can buy a percentage of the business.<\/p>\n<p>I have made both passive and active private business investments across a range of businesses, including venture capital deals and local small businesses like restaurants. This is a great passive income opportunity!<\/p>\n<h2 class=\"wp-block-heading\" id=\"startblog\">8. Start a Blog<\/h2>\n<p><strong>Effort Level: 5<\/strong><\/p>\n<p><strong>Upfront time commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront money commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive income probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>My favorite! This is the main way I ultimately created passive income for my family \u2013 I started\u00a0Good Financial Cents! <\/p>\n<p>Blogs and websites are an unbelievable source of passive income. But there\u2019s more to making bank with a blog than just posting good content.<\/p>\n<p>If you\u2019re looking for an extremely cheap yet highly scalable way to create a passive income for yourself, you might want to take a moment and\u00a0consider starting a blog.<\/p>\n<p><strong>Did You Know?<\/strong> You can start a blog for as little as a penny for your first month and just a couple of dollars per month after that.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-button-link-block gfc-button-link-blockwrap gfc-blockwrap container undefined wide\">\n<div class=\"row\">\n<div class=\"col-md-12\" style=\"text-align:center\"><a href=\"https:\/\/www.goodfinancialcents.com\/how-to-start-a-blog\/\" class=\"btn btn-primary buton-link-button\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Take Me To The Blog Guide!<\/a><\/div>\n<\/div>\n<\/div>\n<p><strong>Here\u2019s the Idea:<\/strong> If you can consistently use your blog and create a lot of value for many people, you can generate an extraordinary amount of passive income. As you post to your blog, more and more, your site will start bringing in traffic whether you put in any additional time or not.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-click-to-tweet gfc-click-to-tweet-blockwrap gfc-blockwrap container content-to-tweet\">\n<div class=\"twitter-icon-container\">\n<div class=\"icon-wrapper\"><a href=\"https:\/\/twitter.com\/intent\/tweet?text=A blog is the most cost-effective method to creating a truly passive income stream I know of. Hour after hour, day after day, your blog is out there doing work for you.&amp;via=jjeffrose&amp;url=https:\/\/www.goodfinancialcents.com\/passive-income-ideas\/\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\"><span class=\"dashicon dashicons dashicons-twitter\"><\/span><\/a><\/div>\n<\/div>\n<div class=\"twitter-text-container\">\n<p><strong>A blog is the most cost-effective method to creating a truly passive income stream I know of. Hour after hour, day after day, your blog is out there doing work for you.<\/strong><\/p>\n<\/div>\n<\/div>\n<p><strong>What\u2019s the catch?<\/strong> It takes time to get it rolling. That\u2019s it. The sooner you start, the sooner an income stream can begin to grow.<\/p>\n<p>You\u2019ll also want to access our\u00a0<a href=\"https:\/\/gfc.clickfunnels.com\/optin-400310661591795488111\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">Make 1k Challenge<\/a>, a free email course that walks through the steps to start your first blog and make your first $1,000.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-button-link-block gfc-button-link-blockwrap gfc-blockwrap container undefined wide\">\n<div class=\"row\">\n<div class=\"col-md-12\" style=\"text-align:center\"><a href=\"https:\/\/gfc.clickfunnels.com\/optin-400310661591795488111\" class=\"btn btn-primary buton-link-button\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">Learn How To Make Your First $1K Blogging<\/a><\/div>\n<\/div>\n<\/div>\n<p>The first step is to register a domain and select a hosting plan for your blog. I recommend\u00a0<a href=\"https:\/\/secure.goodfinancialcents.com\/pr\/u5330e5e7084\" target=\"_blank\" rel=\"noopener sponsored nofollow external noreferrer\" data-wpel-link=\"external\">Bluehost<\/a>\u00a0to get started.<\/p>\n<h2 class=\"wp-block-heading\" id=\"course\">9. Create An Online Course or Guide <\/h2>\n<p><strong>Effort Level: 5<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Online learning is an exploding business opportunity. You can create a course on just about anything. How to tie a fishing knot, cat grooming, and talk to girls (or guys). My friend Holly has a\u00a0successful course\u00a0on <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-become-a-freelance-writer-and-get-paid\/\" data-wpel-link=\"internal\" rel=\"noopener\">becoming a freelance writer.<\/a><\/p>\n<p><strong>How?<\/strong><\/p>\n<p>One very simple way to produce and share your course is on\u00a0<a href=\"https:\/\/teachable.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Teachable.com<\/a>. Teachable has over three million students and is a great way to get your content in front of others.<\/p>\n<p>What do you put in your online course? Good question. You can add:<\/p>\n<ul>\n<li>Video Lessons<\/li>\n<\/ul>\n<ul>\n<li>Checklists for Completing Steps You Recommend in Your Video Lessons<\/li>\n<\/ul>\n<ul>\n<li>Small Ebooks to Supplement the Lessons<\/li>\n<\/ul>\n<ul>\n<li>Audio Files for People Listening While Traveling<\/li>\n<\/ul>\n<ul>\n<li>Informative Interviews With Like-Minded Experts<\/li>\n<\/ul>\n<ul>\n<li>And a Whole Bunch More!<\/li>\n<\/ul>\n<p><em><strong>Pro Tip:<\/strong>\u00a0<\/em>Create several packages at different price points. Some people want everything, so you can include \u2018the works\u2019 for the highest price point and have two lower price points to receive the largest possible volume of orders.<\/p>\n<p>If writing articles or creating videos isn\u2019t your thing and you want to\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/make-money-from-home\/\" data-wpel-link=\"internal\" rel=\"noopener\">make money online<\/a>, try creating an online guide. A good example of this income source comes from Pat Flynn\u2019s website,\u00a0<a href=\"http:\/\/www.securityguardtraininghq.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow external\" data-wpel-link=\"external\">SecurityGuardTrainingHQ.com<\/a>. On the website, his map allows someone to click on any state to see the security guard requirements for that state.<\/p>\n<p>By providing specific information in a guide-like format, you can make money online through some of the means already addressed: display ads powered by Google AdSense, <a href=\"https:\/\/www.goodfinancialcents.com\/affiliate-marketing\/\" data-wpel-link=\"internal\" rel=\"noopener\">affiliate marketing<\/a>, and even memberships to your online guide.<\/p>\n<p>It\u2019s a fantastic idea!<\/p>\n<h2 class=\"wp-block-heading\" id=\"ebook\">10. Sell An E-book:<\/h2>\n<p><strong>Effort Level: 5<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>I wrote\u00a0<a href=\"https:\/\/www.amazon.com\/Soldier-Finance-Charge-Invest-Future\/dp\/0814433286\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Soldier of Finance<\/a>\u00a0to help my clients and others struggling with the same financial issues over and over again. <\/p>\n<p>While not exactly an ebook, it\u2019s also available on Kindle and paperback; this book still nets me passive income years after I wrote it. To sell on <a href=\"https:\/\/www.goodfinancialcents.com\/make-money-amazon\/\" data-wpel-link=\"internal\" rel=\"noopener\">Amazon<\/a>, you can set up a Kindle Direct Publishing account and then begin selling your book. You don\u2019t have to be a big publisher to do this!<\/p>\n<h2 class=\"wp-block-heading\" id=\"stockphotos\">11. Sell Stock Photos <\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Are you a photographer or someone who enjoys snapping pictures? Put that talent to use! <\/p>\n<p>If you want to make extra money for your photos, you could consider selling your images as stock photos. Make your pictures available for sale as stock photo images by enrolling in a third-party site, such as Adobe Stock, Shutterstock, Alamy, Unsplash, etc.<\/p>\n<p>If you have the skills and resources to do so, you could also sell your stock images on your own website.<\/p>\n<h2 class=\"wp-block-heading\" id=\"music\">12. License Your Music <\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Are you passionate about making music but not passionate about performing live? Or have you tried to perform live and not make enough income? One solution would be to license your music.<\/p>\n<p>Licensing your music means that in exchange for the rights to use your music in a project, people and companies pay you. Here are six different ways that you can make extra money licensing music:<\/p>\n<ul>\n<li>YouTuber<\/li>\n<\/ul>\n<ul>\n<li>Wedding\/Videographer<\/li>\n<\/ul>\n<ul>\n<li>Indie Film Soundtrack<\/li>\n<\/ul>\n<ul>\n<li>Indie Film Trailer<\/li>\n<\/ul>\n<ul>\n<li>Corporate video<\/li>\n<\/ul>\n<ul>\n<li>Advertisement<\/li>\n<\/ul>\n<p>These are all passive ways to be an online creator, where your initial time investment pays off with royalties.<\/p>\n<h2 class=\"wp-block-heading\" id=\"app\">13. Build An App Or Product You Can Sell <\/h2>\n<p><strong>Effort Level: 5<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>If you have a skill or service that you can share with others, you can build an app or create a product to sell. For example, if you are passionate about fitness and have a background in creating workouts, you could create a workout app. <\/p>\n<p>You could also create a physical or digital product, such as a course, ebook, or physical book if you would rather do that instead of an app.<\/p>\n<p>Hiring someone to create an app for you can get expensive. If willing to learn, you could create an app on your own or barter services. Creating an app or product is a great source of passive income!<\/p>\n<p>Selling products that you create can also be very profitable. Sites like Etsy allow you to sell your handmade, custom, and unique items \u2013 both physical and digital products. It\u2019s simple to set up a storefront and get started!<\/p>\n<p>There are also sites, like Kickstarter, that help bring your creative projects to life. You can join Kickstarter to launch a project or to help back others\u2019 projects. This platform is a great way to get your ideas into the world, see if there is a demand for your product, and get funding assistance! Since Kickstarter\u2019s launch in 2009, 18 million people have backed projects.<\/p>\n<p>It\u2019s never been easier to build a product and sell it online today. Hundreds of thousands of people have built products, books, or courses and are selling them online, making passive income. Tools like <a href=\"https:\/\/www.shopify.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Shopify<\/a> have everything you need to set up an online storefront, accept payments and build a community.<\/p>\n<p>For example, my friend Mike built <a href=\"https:\/\/quotebookjournal.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow external\" data-wpel-link=\"external\">Quotebook<\/a> with his kids over the Covid pandemic as a way to keep track of all the hilarious things his family says to each other. <\/p>\n<p>Check out his <a href=\"https:\/\/quotebookjournal.com\/blogs\/the-quotebook-story\/the-quotebook-story\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">cool story about the origins of Quotebook<\/a>. <\/p>\n<p>Mike stood up his online store within a matter of days with Shopify and primarily drives traffic through connected social ads and his email newsletter. Once the product was made and the website set up, sales became mostly passive in nature.<\/p>\n<h2 class=\"wp-block-heading\" id=\"influencer\">14. Become A Social Media Influencer <\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Did you know that you can get paid for posting on social media? <\/p>\n<p>There are various ways to earn money as a social media influencer. You can work with companies to produce sponsored posts\/content, which the company will pay you for. Typically rates for sponsored posts are calculated by how many followers you have and your engagement rates. <\/p>\n<p>You can also earn income as a social media influencer by sharing affiliate marketing links, writing sponsored blog posts, or hosting events\/attending events as an influencer. <\/p>\n<p>To get started earning money as a social media influencer, it is a good idea to create a media kit highlighting your social media accounts, your niche, and samples of your work.<\/p>\n<h2 class=\"wp-block-heading\" id=\"instacart\">15. Deliver for Instacart <\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>If you\u2019re looking for a flexible way to make extra money,\u00a0<a href=\"https:\/\/shoppers.instacart.com\/role\/full-service\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Instacart<\/a>\u00a0is a great choice. Instacart is an online grocery delivery service that works with local grocery stores to deliver groceries to your door. As an Instacart employee, you would shop for items at the grocery store and then deliver the groceries to the customer\u2019s door. Currently, the demand for Instacart shoppers is higher than ever.<\/p>\n<p>As a shopper, you will be paid weekly, have the flexibility to choose your own hours, potentially have the ability to earn tips, and be eligible for special earnings promotions.<\/p>\n<p>Instacart also recently rolled out several new features, including contactless delivery and in-app incident reporting.<\/p>\n<h2 class=\"wp-block-heading\">16. Deliver for UberEats<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>UberEats is a goods and food delivery service that allows customers to order almost anything they want, such as personal items, groceries, and restaurant meals.<\/p>\n<p>It is 100 percent free to sign up to deliver for UberEats, and Postmates delivery drivers take home 100 percent of what they earn every time they complete a delivery.<\/p>\n<p><strong>UberEats<\/strong> delivery drivers love the flexibility and independence to work whenever they want. UberEats offers weekly pay and a super simple onboarding process.<\/p>\n<h2 class=\"wp-block-heading\" id=\"rentcar\">17. Rent Your Car<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>It used to seem weird to rent out a spare room to a stranger or to stay in a stranger\u2019s home when you go on vacation. Thanks to the likes of Airbnb and others, these sharing economy services have shown us it\u2019s not so scary!<\/p>\n<p>So let me ask \u2013 how do you feel about renting out your car?<\/p>\n<p>Think about it. Rental car agencies (Enterprise, Avis, Budget, etc.) are awful to deal with and too expensive.<\/p>\n<p>A company called\u00a0<a href=\"https:\/\/turo.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Turo<\/a>\u00a0has disrupted the industry, just like Airbnb disrupted the hotel industry. People across the country are earning money from lending their cars out to strangers.<\/p>\n<p>If you aren\u2019t using your car for a couple of days, or if you have a spare one, simply join Turo\u2019s free platform, list the car, and charge whatever you want for the day.<\/p>\n<h2 class=\"wp-block-heading\" id=\"rentRV\">18. Rent Out Your RV<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\">\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\">\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>RV rental marketplaces like <a href=\"https:\/\/www.outdoorsy.com\/\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">Outdoorsy<\/a> put a unique spin on the ride-sharing concept. If you own a travel trailer or motorhome, you can earn passive income by renting it out to people in need of an RV for their summer road trip or family camping adventure. <\/p>\n<p>The best part is you get to set the price and availability for your RV. And you can make good money. If you have a nice RV, you can charge $200 or more per day. You might earn enough passive income to cover your RV ownership costs!\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"renthome\">19. Rental Income from Your Home<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>If you\u2019re interested in <a href=\"https:\/\/www.goodfinancialcents.com\/real-estate-making-money-investing-no-money-down\/\" data-wpel-link=\"internal\" rel=\"noopener\">making money in real estate<\/a> but want more of a hands-on approach, renting out your vacation home, house, apartment, or even a single room can be a stellar way to earn passively.<\/p>\n<h4 class=\"wp-block-heading\">Airbnb<\/h4>\n<p><a href=\"https:\/\/secure.goodfinancialcents.com\/pr\/ued9f17c48dc\" target=\"_blank\" rel=\"noopener sponsored nofollow external noreferrer\" data-wpel-link=\"external\">Airbnb<\/a>\u00a0allows people to travel all around the world and to stay in accommodations that are a lot less expensive than traditional hotels. Their site breaks rentals into three categories: private room, shared room, and the entire home.<br \/>Airbnb charges you 3% on every booking for their services, but you can set the nightly rate at whatever you want. People around the world are making impressive passive incomes through Airbnb.<\/p>\n<h4 class=\"wp-block-heading\">VRBO<\/h4>\n<p>With over 2 million rental properties, most of which are entire home rentals,\u00a0VRBO\u00a0has established itself as a legitimate service for renters and owners alike.<\/p>\n<p><a href=\"https:\/\/help.vrbo.com\/articles\/How-is-the-booking-fee-calculated\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">VRBO<\/a> charges 5% per booking plus another 3% if the guest pays with a credit card. But again, you can set your own rate and easily make these fees worth their while.<\/p>\n<h4 class=\"wp-block-heading\">Vacasa<\/h4>\n<p><a href=\"https:\/\/www.vacasa.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Vacasa<\/a>\u00a0is a vacation home rental management company. In other words, you can\u2019t rent out a spare room in your house on Vacasa like you can on Airbnb, but have an extra home in a vacation destination?<\/p>\n<p>Then Vacasa is a great option to make passive income, they do all the work for you.<\/p>\n<p><em><strong>Pro Tip:<\/strong><\/em>\u00a0The key to your rental success is reviews. The more four and 5-stars you get, the more people will rent your space (and the more money you\u2019ll make).<\/p>\n<h2 class=\"wp-block-heading\" id=\"ridesharedriving\">20. Become a Rideshare Driver<\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>While it isn\u2019t completely passive, rideshare driving makes the list due to its flexibility. You can make your own schedule with <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-become-an-uber-driver-requirements\/\" data-wpel-link=\"internal\" rel=\"noopener\">Uber <\/a>and pick up extra income by driving others around when you are already out and about!<\/p>\n<p>I assume you\u2019re familiar with Lyft, the ridesharing competitor to Uber. I find Lyft to be cheaper and have better experiences with drivers.<\/p>\n<p>How would you like to earn a guaranteed $1,000 to become a Lyft driver? Yup! That\u2019s what the company is offering right now.<\/p>\n<p>It\u2019s part of a program called Earnings Guaranteed. According to the Lyft website, drivers will earn a guaranteed amount within a certain time frame. If the driver does not make the guaranteed amount within the time frame, Lyft will cover the difference!<\/p>\n<p>And right now the guaranteed amount is $1,000! Easy money.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-get-started-link-block gfc-get-started-link-blockwrap gfc-blockwrap container get-started-link-wrapper undefined wide\">\n<div class=\"row\">\n<div class=\"col-md-12 d-flex align-items-center justify-content-undefined\">\n<div class=\"get-started-link-wrapper\"><a href=\"https:\/\/www.lyft.com\/drive-with-lyft\" class=\"get-started-link\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">Drive for Lyft<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Don\u2019t have a car? No problem!\u00a0<a href=\"https:\/\/www.hyrecar.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">HyreCar<\/a>\u00a0is a marketplace for car rentals prequalified to drive with Uber and Lyft!<\/p>\n<h2 class=\"wp-block-heading\" id=\"carad\">21. Advertise with Your Car<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p><strong>Carvertise:<\/strong>\u00a0With Carvertise, you could earn up to $1200 during an ad campaign and can usually expect around $100 a month just to use your car as ad space. Check out their site to see if they\u2019re currently advertising in your area.<\/p>\n<p><strong>Wrapify:<\/strong>\u00a0Wrapify operates a lot like Carvertise but differs in how you get paid. With Wrapify, you track your mileage and location. The more you drive, the more ads you qualify for and the more money you make, which can add up to $200 a month.<\/p>\n<p><strong>Vugo:<\/strong>\u00a0Vugo is an awesome way to earn passively alongside rideshare driving. All you do is mount a phone or tablet to your dash and play ads, games, and videos. The app is compatible with Google Maps and Waze. Drivers can earn up to $200 more a month playing the ads, and there\u2019s a driver tipping feature built in.<\/p>\n<h2 class=\"wp-block-heading\" id=\"opinion\">22. Give Your Opinion with Surveys<\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Did you know you can get paid to take online surveys? Right from the comfort of your couch, you could earn money just by surfing the web. There are tons of\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/best-online-survey-sites-for-money\/\" data-wpel-link=\"internal\" rel=\"noopener\">great survey sites<\/a>, some of which give you a bonus just for signing up.<\/p>\n<p class=\"has-text-align-center\">Make Money With Surveys<\/p>\n<h2 class=\"wp-block-heading\" id=\"network\">23. Network Marketing<\/h2>\n<p><strong>Effort Level: 4<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong> <img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Network marketing is a business model where independent contractors buy into a company. They then earn a commission on the products that they sell. Many individuals are drawn to network marketing as this field allows them to be their own boss, set their own hours, and have flexibility.<\/p>\n<p>There are many network marketing companies. Some popular companies are Mary Kay, DoTerra, Pampered Chef, and Rodan &amp; Fields.<\/p>\n<p>There are a few different ways to make money through network marketing. You can profit by sharing the company\u2019s products with others, you can use products yourself, and you can recruit others.<\/p>\n<h2 class=\"wp-block-heading\" id=\"sleep\">24. Get Paid to Snooze With Sleep Studies<\/h2>\n<p><strong>Effort Level: 1<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<blockquote class=\"wp-block-quote\">\n<p>I\u2019m not even kidding. If you\u2019re in decent health, catch plenty of Zzz\u2019s, and are in an area where a sleep study is being conducted, you could make the most passive income of all.<\/p>\n<\/blockquote>\n<p>If you qualify, you could make thousands of dollars in one study. Once accepted, you\u2019ll probably have to undergo a physical, alongside an exam from a psychologist to ensure you\u2019re up to the task. Did I mention you get paid every step of the way?<\/p>\n<p>Keep in mind, though, that these studies have their own challenges, like cutting you off from media sources and your social life and requiring you to be watched and studied for the duration of the experiment.<\/p>\n<p>You might also be asked to sleep in potentially uncomfortable positions for an extended period of time. But the pay is impressive. For sleep and other medical and psychological studies, search ClinicalTrials.gov and filter results based on your location, age, and other factors.<\/p>\n<h2 class=\"wp-block-heading\" id=\"ebay\">25. Flip Goods on eBay<\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-click-to-tweet gfc-click-to-tweet-blockwrap gfc-blockwrap container content-to-tweet\">\n<div class=\"twitter-icon-container\">\n<div class=\"icon-wrapper\"><a href=\"https:\/\/twitter.com\/intent\/tweet?text=There is a simple equation to flipping goods on eBay and making money. That equation is: buy low, sell high and repeat.&amp;via=jjeffrose&amp;url=https:\/\/www.goodfinancialcents.com\/passive-income-ideas\/\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\"><span class=\"dashicon dashicons dashicons-twitter\"><\/span><\/a><\/div>\n<\/div>\n<div class=\"twitter-text-container\">\n<p><strong>There is a simple equation to flipping goods on eBay and making money. That equation is: buy low, sell high and repeat.<\/strong><\/p>\n<\/div>\n<\/div>\n<p>To get started, you will need to set up an eBay store. Then you need to research items that you want to sell. As with everything, you don\u2019t want to blindly purchase items to flip without any knowledge of that item. Some research that you need to do includes market price, profit margin, and shipping\/packaging.<\/p>\n<p>You can find items to flip on Craigslist\u2019s \u201cfree\u201d section, your local Goodwill, or eBay! Then follow the equation above and buy the item for a low price, list and sell it for a higher price and then repeat.<\/p>\n<h2 class=\"wp-block-heading\" id=\"amazon\">26. Dropship With Amazon<\/h2>\n<p><strong>Effort Level: 4<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>According to the Merriam-Webster dictionary, dropshipping is defined as \u201cto ship goods from a manufacturer or wholesaler directly to a customer instead of to the retailer who took the order.\u201d<\/p>\n<p>To make money dropshipping with Amazon, as a vendor, you purchase the items at a discount by working directly with a wholesaler. Your profit then comes from the difference between the initial item cost and whatever price you sell the item at.<\/p>\n<p>You can get your Amazon store set up and be ready to accept orders within 24 hours! Just as we mentioned with eBay flipping, it is important to do research when it comes to choosing which items to dropship. It\u2019s best to find and start with a product with high demand and low competition.<\/p>\n<h2 class=\"wp-block-heading\" id=\"refinance\">27. Refinance Your Home or Pay Down Debt<\/h2>\n<p><strong>Effort Level: 1<\/strong><\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong><strong>Upfront Money Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>The less obvious way to increase your net worth is to reduce debt!<\/p>\n<h3 class=\"wp-block-heading\">Mortgage Debt<\/h3>\n<p>If you haven\u2019t yet <a href=\"https:\/\/www.goodfinancialcents.com\/when-to-refinance-your-mortgage\/\" data-wpel-link=\"internal\" rel=\"noopener\">refinanced your mortgage<\/a>, it is another option to consider. If you can save 0.50% or more on your loan, you\u2019re potentially adding tens of thousands of dollars back into your pocket. Not many investments can beat that.<\/p>\n<p class=\"has-text-align-center\">Compare Mortgage Rates with Quicken Loans<\/p>\n<h3 class=\"wp-block-heading\">Student Loan Debt<\/h3>\n<p>Don\u2019t have a mortgage? Chances are good\u00a0you have <a href=\"https:\/\/www.goodfinancialcents.com\/consolidate-or-refinance-student-loans\/\" data-wpel-link=\"internal\" rel=\"noopener\">student loans<\/a>, so be sure and refinance if you qualify. It could save you thousands in the long run! The math when paying down debt is simple \u2013 if your loan is currently at 7% and you refinance at 3%, that\u2019s equivalent to a 4% return on your money!<\/p>\n<p class=\"has-text-align-center\">Compare Student Loan Rates with Credible<\/p>\n<h3 class=\"wp-block-heading\">Credit Card Debt<\/h3>\n<p><a href=\"https:\/\/www.goodfinancialcents.com\/gfc-tv-ep-007-how-to-pay-off-your-credit-card-debt-super-duper-fast\/\" data-wpel-link=\"internal\" rel=\"noopener\">Credit card debt<\/a>\u00a0is slowly creeping up in America as consumers feel stretched at the end of the month. If you have credit card debt, I highly recommend implementing a strategy to pay it off as soon as possible.<\/p>\n<p class=\"has-text-align-center\">Learn More<\/p>\n<h2 class=\"wp-block-heading\" id=\"rebates\">28. Get Online Rebates<\/h2>\n<p><strong>Effort Level: <\/strong>1<\/p>\n<p><strong>Upfront Time Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>With Rakuten, you can get a rebate when shopping at various online retailers. Here\u2019s how it works:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.rakuten.com\/\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Start a Rakuten account.<\/a><\/li>\n<\/ul>\n<ul>\n<li>Follow the directions to activate the Rakuten browser extension.<\/li>\n<\/ul>\n<ul>\n<li>Shop like you normally would online.<\/li>\n<\/ul>\n<p>Cashback percentages range from 1 to 22 percent (occasionally higher)! Each month you\u2019ll get a check, PayPal payment, or gift card to the store of your choice.<\/p>\n<p>If you buy a big-ticket item like a refrigerator or a smartphone or do your grocery shopping online, you can earn some noticeable income.<\/p>\n<h2 class=\"wp-block-heading\" id=\"renttools\">29. Rent Your Tools<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong><strong>Upfront Time Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>You can \u201cshare\u201d just about anything these days. How about the tools in your garage that you don\u2019t use all that often? Apps like <a href=\"https:\/\/sparetoolz.com\/\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">Sparetoolz<\/a> connect tool owners with people who need them. Seasonal items are always in high demand. <\/p>\n<p>You can earn passive income by renting out your snowblower, lawnmower, or heavy-duty cleaning equipment like a Wet-Vac or an industrial vacuum cleaner. It\u2019s a great passive income side hustle.\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"domainnames\">30. Buy &amp; Sell Domain Names<\/h2>\n<p><strong>Effort Level: 2<\/strong><\/p>\n<p><strong><strong>Upfront Time Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Did you know that you can trade website domain names like stocks on the stock market? As trends change, demand rises for different topics and their related keywords. <\/p>\n<p>You can use domain registrar services like NameCheap or GoDaddy to search for and purchase domains in the hopes of selling them for a later profit. <\/p>\n<p>Check out this story about a friend who <a href=\"https:\/\/millennialmoney.com\/domain-investing\/\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">turned DOWN a $45,000 offer<\/a> for one of his domains! He estimates that he\u2019s made more than $50,000 trading\u00a0<\/p>\n<h2 class=\"wp-block-heading\" id=\"lessonplans\">31. Sell Lesson Plans (for Teachers)<\/h2>\n<p><strong>Effort Level: 3<\/strong><\/p>\n<p><strong><strong>Upfront Time Commitment:<\/strong><\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\u23f1\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/23f1.png\"><\/p>\n<p><strong>Upfront Money Commitment:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb5\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b5.png\"><\/p>\n<p><strong>Passive Income Probability:<\/strong>\u00a0<img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" alt=\"\ud83d\udcb0\" class=\"wp-smiley lazyload\" style=\"height: 1em;max-height: 1em\" data-src=\"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/1f4b0.png\"><\/p>\n<p>Here\u2019s a great passive income idea for teachers. You can create printable lesson plans and sell them to teachers across the globe on <a href=\"https:\/\/www.teacherspayteachers.com\/\" data-wpel-link=\"external\" rel=\"external noopener noreferrer\">Teachers Pay Teachers<\/a>, an online marketplace dedicated to educators needing pre-made lesson plans. <\/p>\n<p>There\u2019s some work involved in creating the material, but once it\u2019s posted online, it becomes a truly passive income source.\u00a0\u00a0<\/p>\n<h2 class=\"wp-block-heading\">5 Services to Help Outsource Your Business<\/h2>\n<p>If you currently own a business,\u00a0<a href=\"https:\/\/www.goodfinancialcents.com\/gf%c2%a2-024-how-to-buy-back-more-of-your-time-with-outsourcing\/\" data-wpel-link=\"internal\" rel=\"noopener\">outsourcing will free up your time<\/a>\u00a0so you can focus on other tasks that will result in more income. If you don\u2019t want to hire employees, consider hiring freelancers who work as contract laborers. Look for freelancers with a strong work ethic who provide quality results.<\/p>\n<div class=\"wp-block-gfc-custom-blocks-gfc-click-to-tweet gfc-click-to-tweet-blockwrap gfc-blockwrap container content-to-tweet\">\n<div class=\"twitter-icon-container\">\n<div class=\"icon-wrapper\"><a href=\"https:\/\/twitter.com\/intent\/tweet?text=As long as the main product or service isn&#039;t something only you can do, you can transform your business into a passive moneymaker.&amp;via=jjeffrose&amp;url=https:\/\/www.goodfinancialcents.com\/passive-income-ideas\/\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\"><span class=\"dashicon dashicons dashicons-twitter\"><\/span><\/a><\/div>\n<\/div>\n<div class=\"twitter-text-container\">\n<p><strong>As long as the main product or service isn\u2019t something only you can do, you can transform your business into a passive moneymaker.<\/strong><\/p>\n<\/div>\n<\/div>\n<p>Here are the companies I recommend starting with:<\/p>\n<ul>\n<li><strong>CloudPeeps:<\/strong> CloudPeeps does an excellent job matching businesses in need with skilled, vetted freelancers who can manage everything from PR and marketing to web development and administrative tasks.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/secure.goodfinancialcents.com\/pr\/f40bb76b69f8\" target=\"_blank\" rel=\"noreferrer noopener sponsored nofollow external\" data-wpel-link=\"external\">Fiverr:<\/a><\/strong> Fiverr has it all. Much like CloudPeeps, it supplies hand-picked freelancers for all of your business needs.<\/li>\n<\/ul>\n<ul>\n<li><strong>Guru: <\/strong>Guru offers similar services to Fiverr and CloudPeeps but emphasizes their flexible payment options, like hourly pay, recurring payments, payment by milestones, and payment by the project.<\/li>\n<\/ul>\n<ul>\n<li><strong>PeoplePerHour: <\/strong>With an advanced AI system that matches the project needs of the perfect freelancer and is featured on Forbes, CNBC, and BBC, PeoplePerHour offers a legitimate pool of talented artists to outsource to.<\/li>\n<\/ul>\n<ul>\n<li><strong>Upwork: <\/strong>Like the other freelancing networks, Upwork pairs you with freelancers in several sectors and boasts hires by companies like Microsoft, with short-term, full-time, and recurring options.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">How Can You Generate Passive Income?<\/h2>\n<p>Passive income can work for you, regardless of if you have millions of dollars to invest and no time to spare, or $0, ample free time, and a spark of ingenuity.<\/p>\n<p>While they might take some funding and fortitude to get started, the moneymakers on this list will continue to earn you money long after you\u2019ve put in the work.<\/p>\n<p>So look at what you are working with: establish your financial goals and decide how much time, effort, and money you\u2019re willing to put into your venture.<\/p>\n<p>You can prosper from passive income if you choose to invest, buy a business, outsource your own, or get paid for your daily routine.<\/p>\n<p><em>What are you waiting for? Plant the seeds today with one of the ideas on the list.<\/em><\/p>\n<h2 class=\"wp-block-heading\">Frequently Asked Questions (FAQ\u2019s) on Passive Income Ideas<\/h2>\n<div class=\"schema-faq wp-block-yoast-faq-block\">\n<div class=\"schema-faq-section\" id=\"faq-question-1670016300326\"><strong class=\"schema-faq-question\">Is passive income taxable?<\/strong> <\/p>\n<p class=\"schema-faq-answer\">Yes, most types of passive income are taxable. For example, dividends which is popular form of passive income and it is taxable, albeit at a discounted rate. Income from rental properties, another form of passive income, is also taxable but there may be creative ways to shelter some of the tax with a good CPA.<\/p>\n<\/p><\/div>\n<div class=\"schema-faq-section\" id=\"faq-question-1670020264642\"><strong class=\"schema-faq-question\">How can I make $1000 a month passively?<\/strong> <\/p>\n<p class=\"schema-faq-answer\">There are a several <a href=\"https:\/\/www.goodfinancialcents.com\/how-to-make-1000-fast\/\" data-wpel-link=\"internal\" rel=\"noopener\">ways to make $1000 a month passively<\/a>. One way is to invest in assets such as stocks (dividend stocks), bonds (corporate or I bonds), or real estate (rental properties) that will generate income for you month after month.  Another way to make passive income is to create a business that doesn\u2019t require much of your time or effort to maintain, such as a blog or online store (think Etsy or Shopify). <\/p>\n<\/p><\/div>\n<div class=\"schema-faq-section\" id=\"faq-question-1670020351421\"><strong class=\"schema-faq-question\">What is the easiest form of passive income?<\/strong> <\/p>\n<p class=\"schema-faq-answer\">The easiest form of passive income is rental income. Rental income is passive because you do not have to actively work to earn it. You simply own the property and collect rent from your tenants.<\/p>\n<\/p><\/div>\n<div class=\"schema-faq-section\" id=\"faq-question-1670020416837\"><strong class=\"schema-faq-question\">Can a beginner make passive income?<\/strong> <\/p>\n<p class=\"schema-faq-answer\">It is possible for a beginner to make passive income; however, it will require and initial investment of money and effort. Passive income opportunities abound, but not all are created equal.<br \/>Some may require a greater investment of time or money up front, but can provide consistent returns over time.  Others may be less labor-intensive but offer smaller returns. <\/p>\n<\/p><\/div>\n<div class=\"schema-faq-section\" id=\"faq-question-1670020566119\"><strong class=\"schema-faq-question\">What is the most profitable passive income?<\/strong> <\/p>\n<p class=\"schema-faq-answer\">There are many different ways to generate passive income, and what might be the most profitable for one person might not be the most profitable for another. Some of the most common ways to generate passive income include real estate investing, dividend investing, and owning a business.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.goodfinancialcents.com\/passive-income-ideas\/\" data-wpel-link=\"internal\">31 Passive Income Ideas to Build Real Wealth (Updated for 2023)<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.goodfinancialcents.com\" data-wpel-link=\"internal\">Good Financial Cents\u00ae<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cMaking money while you sleep\u201d\u00a0has a nice ring to it, doesn\u2019t it? After all, one&#8230;<\/p>\n","protected":false},"author":1,"featured_media":399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/397"}],"collection":[{"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=397"}],"version-history":[{"count":2,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/397\/revisions"}],"predecessor-version":[{"id":400,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/397\/revisions\/400"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/media\/399"}],"wp:attachment":[{"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=397"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/marshalllodge.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}