Passive Income Ideas to Build Wealth in 2023

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

Good Debt vs Bad Debt

For many, making money is tied to the idea that you are actively working. With passive income, there is still an investment made (either in time, money, or both), but the work gets done initially, and then that investment starts working for you with little to no effort moving forward.

Good Debt vs Bad Debt

Passive income can be earned automatically with little to no work to continue making money.

What is 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

Etsy, Shopify, and WooCommerce have made it easy to start your own small online business. If you are a graphic designer or a creative at heart, there are many opportunities to make extra cash with digital products.

Open an Online Store


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