24 Passive Income Ideas to Build Wealth on Autopilot

Earning money while you’re sleeping is incredibly appealing. But just what exactly is passive income?

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Passive income can be earned automatically with little to no work to continue making money. For example, if you create and list digital products for sale, the active part of the work is done once the digital product is complete.

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Active income is money earned in exchange for time or service performed. Passive income is money earned when completing the work upfront or with some initial investment but then continues to make money with minimal effort in the future.

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Passive income can work for anyone. A stay-at-home mom, a recent college grad, or a retiree– passive income is a great option to increase your monthly cash flow.

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Having knowledge or skills about a specific topic, sites like Udemy or Skillshare make it incredibly easy to create, host, and sell your knowledge.

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Enjoy making video content? Consider starting a youtube channel. You can earn passive money via video display ads once you meet the threshold of viewers and watch time.

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Rental properties are a great way to build passive income. Each property brings in monthly rental income, giving you extra money.

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Check out how we save over $31,000 in a year for free straight to your inbox!

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24 Passive Income Ideas to Build Wealth on Autopilot

Earning money while you’re sleeping is incredibly appealing. But just what exactly is passive income?

Good Debt vs Bad Debt

Passive income can be earned automatically with little to no work to continue making money. For example, if you create and list digital products for sale, the active part of the work is done once the digital product is complete.

Good Debt vs Bad Debt

What is Passive Income?

Active income is money earned in exchange for time or service performed. Passive income is money earned when completing the work upfront or with some initial investment but then continues to make money with minimal effort in the future.

Active vs Passive

Passive income can work for anyone. A stay-at-home mom, a recent college grad, or a retiree– passive income is a great option to increase your monthly cash flow.

How to Start Earning Passive Income

Having knowledge or skills about a specific topic, sites like Udemy or Skillshare make it incredibly easy to create, host, and sell your knowledge.

Create an Online Course

Enjoy making video content? Consider starting a youtube channel. You can earn passive money via video display ads once you meet the threshold of viewers and watch time.

Start a Youtube Channel

Rental properties are a great way to build passive income. Each property brings in monthly rental income, giving you extra money.

Rental Property

CLICK BELOW TO READ MORE

Check out how we save over $31,000 in a year for free straight to your inbox!

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