Whether you're running a side hustle or just wanting to make a little extra money each month, passive income can be a terrific approach to help you produce extra cash flow. Passive income can help you earn more during the good times and tide you over if you are abruptly laid off or deliberately take time off work.You can have money flowing in while working your primary job, or you can relax a little if you've built up a steady source of passive income. In either case, a passive income provides additional security.
Here are some ideas that you might do:
Create a course
Write an e-book
Rental income
Affiliate marketing
Flip retail products
Sell photography online
Peer-to-peer lending
Dividend stocks
Create an app
REITs
A bond ladder
Sponsored posts on social media
Invest in a high-yield CD or savings account
Rent out your home short-term
Advertise on your car
Create a blog or YouTube channel
Rent out useful household items
Sell designs online
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