Tired of running on the hamster wheel of 9-5’s? Want to make money on a regular basis with minimal to no effort? Well, here are some ideas on how to make passive income.
- eBook
- Write, self-publish, and sell an eBook online. Upload the book to a program like Amazon’s Kindle Direct Publishing. Earn royalties for every book sold.
- Affiliate Marketing
- Market products on your blog, website, or Youtube channel. You will get a small percentage of commission on the sales.
- YouTube Videos
- Create Youtube videos and earn money from ad revenue .
- Create Online Courses
- Create and sell courses on Udemy. You can create a course on any topic you’re knowledgeable in. You will get paid for every course purchased.
- Peer to peer Lending
- Loan money to borrowers who don’t qualify for traditional loans. You become a bank and earn interest. The most popular platform is Lending Club.
- Investing
- Invest into companies and stocks on the stock market. You own a share of the company. The company uses the money you invested to grow the company. As the company grows, your money grows. Dividend stocks pay you a portion of the company’s earnings every quarter. Here are some trustworthy platforms that I use for investing.
- Robinhood
- 100% commission-free stock, options, ETF and crytpcurrency trades. Account minimum is $0.
- Get a free stock on Robinhood by signing up with this link: Robinhood – Free Stock
- Stash
- Simple platform helps beginners learn how to invest. Options for automatic investing. Can purchase parts of a share instead of whole shares.
- Fees: $1/month for accounts under $5000. 0.25% annual fee for accounts over $5000.
- Get $5 by signing up with this link: Stash – Free $5
- Acorns
- Invest your spare change automatically.
- Fees: $1/month for accounts under $5000. 0.25% annual fee for accounts over $5000.
- Get $5 by signing up with this link: Acorns – Free $5
- Robinhood
- Invest into companies and stocks on the stock market. You own a share of the company. The company uses the money you invested to grow the company. As the company grows, your money grows. Dividend stocks pay you a portion of the company’s earnings every quarter. Here are some trustworthy platforms that I use for investing.