Updated April 06, 2020

19 Best Passive Income Ideas

Passive Income Ideas

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Passive income is any income you earn that requires little or no time investment from you.

This is in contrast to active income — such as a job — in which the amount of income you earn is directly correlated to your time invested.

Active income, of course, comprises the bulk of one’s income.  One would have to have $2,105,967 invested in stocks with a 3% dividend yield in order to enjoy dividend income equal to the U.S. median household income of $63,179.

Your mission, then, is to make as much active income as you can so you can invest as much as you can in passive income sources.

But which passive income sources are best?  I’ve listed out my top picks below, but if I don’t cover something, let me know in the comments!

Real Estate

Real estate is one of the classic forms of passive income: you own an asset — such as a home or commercial building — that someone else wants to use, and you rent it out to them at a fair price.

And though there are many ways to go about investing in real estate, I get into the most common and easily accessible ways below.

Do any of these strategies appeal to you?  Let me know in the comments!

1. House Hacking

  • House Hacking
      • Basics: You purchase a home or small multifamily property and rent out part of it while you live in a portion of it.
      • Pros: Since you live in the property, you qualify for residential financing at lower interest rates than commercial financing. Also, you can get an FHA loan that allows you to put as little as 3.5% down.
      • Cons: You will need to qualify for a mortgage as well as make a down payment. You will also need to live in the property for at least one year.
      • Estimated Return


      • Required Investment

        $5,000 - $100,000+, depending on where you live and what kind of financing you choose

      • Risk

        Low to Moderate

    In my twenties, I was fortunate enough to have a decent job as a CPA as well as a good credit score, which allowed me to purchase a four-unit property in the Los Angeles area where I live.

    Naturally, I “house hacked” this property, living in one unit and renting out the other three.

    I also rented out the single bedroom in my own unit for extra cash flow, while I slept on a mattress in the living room.

    Here are the numbers on my house hack deal:

    • Purchase Price: $435,000
    • Monthly Rents (Including Bedroom in My Unit): $3,155
    • Monthly Payment: $3,000

    Now, that $155 of monthly “cash flow” would get eaten up by maintenance and repairs, so at the end of the day, I was breaking even.

    But I was living for free while my tenants were paying down my mortgage, while most of my peers were shelling out well over $1,500 a month for Los Angeles rent.

    And now that I’ve moved out of this property and raised the rents, I now gross over $4,000 monthly while my monthly mortgage payment has remained the same.

    House hacking can be a great strategy to earn passive income, so if you have any questions about my house hacking journey, be sure to ask me in the comments!

    2. Private Lending

    • Private Lending to Flippers
        • Basics: To find the best deals and guarantee a quick sale, house flippers typically like to buy with cash. The only problem? They don't always have the cash on hand. This is where you come in, wiring the necessary funds into escrow at closing and then receiving them back — with interest — when the flipped home eventually sells.
        • Pros: You can earn upwards of 12% on your money with no time investment other than arranging the funds transfer.
        • Cons: Not all flips work out, so your loan will generally be secured by the property being flipped. This means that if the flipper isn't able to pay you back, you will take possession of the property. If the flipper's business has really gone south, however, you may be stuck with a partially-rehabbed property.
        • Estimated Return


        • Required Investment


        • Risk


      Flipping houses is definitely not passive, but providing funding to house flippers is.

      And if you’re looking in a truly passive way to invest in real estate, this is it.

      Although I live in California, I’ve loaned money to flippers in both North Carolina and Tennessee.

      You want to make sure you dot your i’s and cross your t’s when it comes to the legal agreement(s) between you and the flipper, of course.

      This would typically mean having a lawyer draft the following documents for you:

      • Promissory Note
      • Deed of Trust

      Of course, I lent directly to flippers, but sites like Yieldstreet allow you to participate in a loan portfolio secured by multiple properties, thus spreading out your risk.

      3. Turnkey Rentals

      • Turnkey Properties
          • Basics: A turnkey property is a rental property, typically outside of your own geographic area, that you purchase in ready-to-rent condition. Another company — the "turnkey" company — has already rehabbed the property and may even connect you with local property managers and mortgage lenders.
          • Pros: If you live in a high cost of living area, purchasing turnkey properties can be a great way to get started investing in rental real estate.
          • Cons: You really have to do your due diligence when it comes to buying turnkey properties, especially if you're buying them sight unseen. There have been instances where turnkey property companies have significantly misrepresented the condition of the properties they sell to naive out-of-state buyers.
          • Estimated Return


          • Required Investment


          • Risk


        Buying a single-family home and renting it out is perhaps the classic form of investing in real estate.

        The only problem is that there are certain parts of the country where the property values are so high that would-be local investors are either not able to invest because they lack the funds for a down payment or they are not willing to invest because the cash flow would be so poor.

        This is where turnkey rental companies come in.  Turnkey companies buy in cash properties at a deep discount, rehab them, and then sell these rent-ready properties to investors, typically from high-cost-of-living areas.

        Be warned, though — some turnkey companies are on the shady side.

        Think about it: An investor from California, Hawaii, or New York — where $500,000 will get you a very “average” home in many parts of the state — might think that being able to buy a rental property for $50,000 is a bargain in any market.

        But the reality is that the property is in far worse condition and in a far seedier area than the turnkey company claims and in reality probably isn’t worth more than $30,000.

        And to make matters worse, because the property is in a worse area than the turnkey company let on, vacancy rates are high, and the investor can’t even make the property cash flow (despite the pro forma showing a 10% “cash-on-cash” return).

        Then, when they try to get out of the deal by selling the property, they find that the have to sell at a huge loss because they overpaid in the first place.

        Of course, I’m not saying to avoid turnkey rentals — I’m just saying to do your due diligence and make sure that the turnkey company you work with has a long track record working with happy investors.

        4. Crowdfunded Real Estate

        • Crowdfunded Real Estate
            • Basics: A turnkey property is a rental property, typically outside of your own geographic area, that you purchase in ready-to-rent condition. Another company — the "turnkey" company — has already rehabbed the property and may even connect you with local property managers and mortgage lenders.
            • Pros: If you live in a high cost of living area, purchasing turnkey properties can e a great way to get started investing in rental real estate.
            • Cons: Like any real estate deal, it can turn sour.
            • Estimated Return


            • Minimum Investment


            • Risk

              Low to Moderate

          Have you ever wondered who owns the big apartment buildings and office complexes in your city or town?

          Well, unlike the smaller properties that are typically, these huge properties are typically owned by a group of investors.

          Investors pooling funds to purchase property is not new, but technology has made it far easier for people like you or me to get into this game through crowdfunding.

          Here are the players in a typical crowdfunding deal:

          • The Sponsor.  This is the company who sets the overall investment objective, buys the property (with investor capital), and oversees the rehab, management, and eventual sale — finds the deal.  The sponsor typically invests some of its own money into the deal as well so it has “skin in the game,” so to speak.
          • The Crowdfunding Platform.  This is the company that raises capital for the deal, essentially serving as a middle man between the investors and the sponsor.  It advertises the deal, ensuring that everything is done pursuant to Securities and Exchange Commission rules, and pools investor funds.
          • The Investors.  These are the people who actually earn passive income on the deal.  They simply invest their capital and receive quarterly distributions then a larger distribution when the property is refinanced or sold.  For tax purposes, they are typically members in an LLC or a partnership in a limited partnership and therefore each receive a Schedule K-1 reporting their respective share of the LLC’s or partnership’s income or loss for tax purposes.

          Of course, as with any passive income idea, there is risk that comes with investing in crowdfunded real estate.

          RealtyShares, one of the early players in the real estate crowdfunding space, shut its doors not too long ago.

          5. Farmland

          • Farmland
              • Basics: Some farmers, believe it or not, don't own the land that they farm on. In these situations, the land is owned by some investment partnership or LLC. To invest in this farmland, you would buy fractional shares in this investment partnership or LLC, which generates cash flow from the rents collected from the farmers as well as appreciation from the long-term increase in value of the land held within the partnership or LLC.
              • Pros: Farmland can be a great hedge against your other, more traditional investments such as equities and real estate.
              • Cons: Your investment isn't liquid, and you generally have to be an accredited investor to invest in farmland deals.
              • Estimated Return


              • Minimum Investment


              • Risk

                Low to Moderate

            Did you know that over 40% of all U.S. land is farmland?

            You don’t have to be a farmer to reap the benefits of the United States agricultural industry.

            In fact, through creative real estate investing platforms such as AcreTrader, you can own a little bit of United States farmland, collecting rent from farmers and enjoying the capital appreciation as the value of the land increases over time.

            Easy Passive Income Ideas

            Real estate is a great way to earn passive income, but it takes a lot of research and often capital.

            If you aren’t ready to make that kind of commitment — or sink that kind of cash into one asset — consider some of the easy passive income ideas below that require less research and cash to start benefiting from.

            6. Rewards Credit Cards

            • Rewards Credit Cards
                • Basics: Many credit cards give rewards for using the card that can be redeemed for cash back or travel points, and it seems that every year new cards are released with even more rewards opportunities. If you haven't checked out rewards credit cards for a while, be sure to check out our list of the best cash back credit cards and the best travel credit cards to see what's out there right now.
                • Pros: By using a rewards credit card, you're essentially getting a discount on every purchase you make. Over time, that adds up to quite a bit of money back in your pocket that you earned without having to really do anything differently other than use the right credit card.
                • Cons: Some credit cards come with an annual fee, so you have to make sure that the rewards you earn will be more than this fee. Also, if you don't pay off your balance every month, the credit card interest you owe will likely outweigh any rewards you earn.
                • Estimated Return

                  2%+ on spending

                • Minimum Investment


                • Risk

                  None, as long as you pay off your balance every month

              Unless you live under a rock, you’re probably aware that certain credit cards give you cash back or travel points with every purchase.

              What you may not know is that just over the course of 2019 and now 2020 several new cards have come out that have significantly upped the ante when it comes to rewards credit cards.

              If you’re only earning 1-2% back on every purchase, you’re missing out.  Be sure to check out our lists of the best cash back, travel, business, and 0% APR credit cards on the market right now.

              7. Fine Art

              • Fine Art
                  • Basics: Similar to crowdfunded real estate, you can now invest in crowdfunded fine art through a company called Masterworks with as little as $1,000.
                  • Pros: Historically, fine art had provided investors high returns as well as a hedge against more traditional investments.
                  • Cons: This is a new and untested form of crowdfunded investing that is currently being promoted by only one company, so proceed at your own risk.
                  • Estimated Return


                  • Minimum Investment


                  • Risk


                Fine art is ridiculously expensive; Leonardo’s Salvator Mundi, for example, sold a few years back for $450 million.

                What makes it even crazier is that this piece of art sold for $60 in 1958.  No, not $60 million.  $60.  As in ten times six.

                While not every piece of art enjoys appreciation like that, art is still a viable investing vehicle and one that until recently has only been available to the 1%.

                Now, however, Masterworks is democratizing the game by purchasing pieces of fine art and making them into investment securities, which allows them to market these pieces to the public as an investment opportunity.

                Masterworks, of course, takes a hefty piece of the pie — a 1% annual management fee as well as 20% of the profits — so any claims about the lucrative returns on art over a certain time period must be weighed against these costs.

                8. Cash Back Apps

                • Cash Back Apps
                    • Basics: Just like they sound, cash back apps give you cash back on purchases when you snap a picture of your receipt in the app.
                    • Pros: Cash back apps are super low effort and can be fun to use.
                    • Cons: While using cash back apps is definitely easy money, it's never going to be a huge passive income stream.
                    • Estimated Return

                      1%+ on spending

                    • Minimum Investment


                    • Risk


                  Cash back apps give you essentially free money or gift cards for remember to use the app while or after you shop.

                  While the earnings aren’t huge, using cash back apps is an easy, low-effort way to put some extra change in your pocket and counts as a passive income idea in my book.

                  Examples of popular cash back apps include Ibotta for grocery shopping, GetUpside for gas, and Rakuten for online shopping.

                  9. Dividend Stocks

                  • Dividend Stocks
                      • Basics: You purchase stocks of companies that pay a quarterly dividend to investors.
                      • Pros: Dividend stocks are super passive; you simply buy the stock, and the dividend is deposited to your account every quarter. Also, you can choose to automatically reinvest your dividends for future growth.
                      • Cons: There is no guarantee that a company that pays dividends now will pay dividends in the future.
                      • Estimated Return

                        Typically 2% - 3%, not including capital appreciation.

                      • Minimum Investment

                        Typically none, but depends on the broker.

                      • Risk

                        Moderate in the short-term and low in the long-term.

                    Many people think that the only benefit of stocks is that they go up in value in the long run — which is generally true — but another benefit is the passive cash flow you can receive today via dividends.

                    Also, you don’t have to pick and choose individual stocks to invest in.  You can rather invest in an index fund that are constructed to match the components of some index, many of which are built around dividend stocks.

                    10. Peer-to-Peer Lending

                    • Peer-to-Peer Lending
                        • Basics: You pick and choose loans from specific borrowers you want to fund in increments as small as $25.
                        • Pros: Peer-to-peer lending returns are generally independent of the stock and real estate markets, making peer-to-peer lending a diversification strategy.
                        • Cons: Since peer-to-peer lending -- at least in the form in which it exists today -- is such a new industry, its long-term returns are untested.
                        • Estimated Return

                          3 - 5% as a rough estimate, but varies wildly.

                        • Minimum Investment

                          $25 - $1,000, depending on the platform.

                        • Risk

                          Moderate to High

                      Many people think that the only benefit of stocks is that they go up in value in the long run — which is generally true — but another benefit is the passive cash flow you can receive today via dividends.

                      Also, you don’t have to pick and choose individual stocks to invest in.  You can rather invest in an index fund that are constructed to match the components of some index, many of which are built around dividend stocks.

                      Online Passive Income Ideas

                      Maybe you don’t have a lot of money, but you have a lot of time.

                      If this is the case, the internet has opened the door for you to put in the time and effort to create a passive income stream now.

                      No, these online passive income ideas certainly aren’t “passive” when you start out, but they become more passive over time as you complete your body of work and see the ad revenue roll in.

                      11. YouTube Channel

                      • YouTube Channel
                          • Basics: You create content on YouTube and receive a portion of the ad revenue generated when people watch the ads before, during, and/or after your videos.
                          • Pros: Once you have built out a substantial library of content that gets consistent viewership month in and month out, your YouTube channel can become a low-maintenance source of passive income.
                          • Cons: Creating and monetizing a YouTube channel is certainly not passive at first unless you take on the risk of hiring out your production process.
                          • Estimated Return


                          • Minimum Investment

                            Nothing but your time

                          • Risk

                            None, other than lost time

                        By now, you’ve probably heard of famous YouTubers making millions of dollars per year.

                        They are constantly putting out content and typically have an entire team helping produce their videos.

                        And it can feel a little disheartening when you try to start your YouTube channel with nothing but your smartphone and your laptop.

                        But everybody has to start somewhere.

                        Just know that you will have to work ridiculously hard at the beginning and put out a lot of content when you are first starting your channel.

                        And you won’t make any ad revenue at first because now YouTube requires you to have at least 1,000 subscribers as well as 4,000 public watch hours over the previous 12-month period.

                        That said, once your channel is monetized and you have a body of work that continue to get views every month, your YouTube channel can become a truly passive revenue stream for you in perpetuity — or at least as long as YouTube is around.

                        12. Blog

                        • Blog
                            • Basics: You create content on your blog and monetize it via ad revenue, affiliate commissions, and/or promoting your own digital products.
                            • Pros: The returns can be astronomical. Theoretically, you can shell out a few hundred dollars for web hosting and a good theme and make a full-time income within a year or two. Of course, having this kind of success that quickly will require a substantial upfront time investment.
                            • Cons: Starting a blog takes work and won't be truly passive for months or even years after you create it. This is definitely a long-term strategy.
                            • Estimated Return


                            • Minimum Investment

                              $100 - $300 for good hosting and a website theme

                            • Risk

                              None, other than lost time and a few hundred dollars

                          Like starting a YouTube channel, creating and monetizing a blog will take a substantial upfront time investment, and you will likely not earn much if any money for the first six months as you build out your content and following.

                          That said, once you have developed your advertising and affiliate partners, built out your content base, and set yourself up for success on both social media platforms and for SEO purposes, your blog can hum along nicely and generate you a substantial revenue stream.

                          Think of your blog like a piece of real estate with each blog post as another unit that you have to put to its highest and best use, doing what’s best both for you as the owner as well as your readers (“tenants”) and providing them the best experience possible.

                          If you’re just getting started with blogging, I’d recommend that you check out the videos I’ve published on my Blogging Done Right Youtube channel.

                          13. Digital Downloads

                          • Printables
                              • Basics: You create a downloadable digital product and sell it online.
                              • Pros: You can theoretically create a good printable in an afternoon, get yourself set up on Etsy tonight, and have your first sale by the morning. The great thing is that once people are able to search for and find your digital download(s), they can continue to create income for you forever.
                              • Cons: It can be tough to stand out in a sea of digital downloads.
                              • Estimated Return


                              • Minimum Investment


                              • Risk

                                None, other than lost time

                            While starting a YouTube channel, blog, or podcast is more of a long-term play, you can make money creating and selling digital downloads online relatively quickly.

                            Here’s how the process works:

                            • You identify an informational need in the market — something people want to learn more about, but the information about this topic is scattered or not well-organized online.
                            • You create a downloadable digital product — such as a Word document or PDF file — that meets this informational need.
                            • You sell this digital download, either on your own site or a platform like Etsy (no, Etsy’s not just for jewelry anymore).

                            If you’re interested in profiting from niche digital downloads, I’d recommend Sharon Tseung’s course.

                            14. Ebook

                            • Ebook
                                • Basics: You write a book and sell it online.
                                • Pros: Once an ebook is published, it is your income-producing asset forever.
                                • Cons: Writing an ebook takes time and will certainly feel like unpaid labor while you're writing it. Also, there are literally tens of millions of books on the market today, and there is no guarantees that yours will sell.
                                • Estimated Return


                                • Minimum Investment


                                • Risk

                                  None, other than lost time

                              Here’s the good news: it’s easier than ever to be an author!

                              And here’s the bad news: it’s easier than ever to be an author.

                              Look, I’m not going to sugarcoat this: there are tons of ebooks out there whose authors sacrificed time, sleep, and sanity to complete them and yet never sold more than a few dozen times.

                              On the other hand, of course, there is a small fraction of ebook writers who do actually enjoy a five- or even six-figure annual passive income stream from their ebook creations.

                              So if you love writing — and believe me, you really have to love it — creating an ebook could be your ticket to passive income.

                              15. Online Course

                              • Online Course
                                  • Basics: You create an online course and sell it online.
                                  • Pros: While an online course can take hours, days, weeks, or even months to produce, once you create it and successfully market it, it will create income for you indefinitely.
                                  • Cons: An online course takes an immense amount of time to create. Also, there's no guarantee that it will sell. The rewards here can be very large, but you can also spend a lot of time on something that won't make you any money if you don't do proper market research.
                                  • Estimated Return


                                  • Minimum Investment


                                  • Risk

                                    None, other than lost time

                                Similar to ebooks, an online course is one of those passive ideas where you have to put in the “sweat equity” now to make money in the long run.

                                However, creating an online course is not something that can just be done in an afternoon.

                                And unlike a $10 ebook — where the written word and maybe some graphics is all you need — the end buyer’s expectations are higher with a $499 or $999 online course.

                                They will probably expect videos and perhaps even a well-moderated community of students.

                                If this sounds daunting to you, perhaps start with an ebook and if you start to build a devoted audience, move on to a higher-ticket online course.

                                Safe Passive Income Ideas

                                A lot of the ideas above involve some sort of risk in that you could lose a significant amount of money or time.

                                Just know that these safer forms of passive income will likely not yield the same kinds of returns that you will find with the other ones on this list.

                                16. High-Yield Savings Account

                                • High-Yield Savings Accounts
                                    • Basics: You deposit money into an online high-yield savings account and earn interest.
                                    • Pros: Apart from a complete breakdown of the U.S. financial system, there is no risk.
                                    • Cons: Returns are far lower than you could earn with other passive income sources.
                                    • Estimated Return


                                    • Minimum Investment

                                      Typically none, but depends on the bank

                                    • Risk


                                  If you have your money parked at a brick-and-mortar bank, then I hate to break it to you, but you could be earning a lot more in interest at an online bank.

                                  Online banks don’t have all the overhead — think personnel and leasing costs — that brick-and-mortar banks do, so they can pass on some of these savings to their customers in the form of higher interest rates.

                                  17. Certificate of Deposit

                                  • Certificate of Deposit
                                      • Basics: You deposit money for an agreed term and earn interest on it at a guaranteed rate. Your rate does not change, even if interest rates change.
                                      • Pros: Apart from a complete breakdown of the U.S. financial system, there is no risk, and unlike with a mere savings account, you lock in an interest rate today.
                                      • Cons: Returns are far lower than you could earn with other passive income sources, and your investment is typically not liquid as most banks charge a penalty for early withdrawal.
                                      • Estimated Return

                                        2.15% - 2.30%, depending on the term

                                      • Minimum Investment

                                        $500 at the low end, though some banks require significantly more

                                      • Risk


                                    High-yield savings accounts are great, but their interest rates can change at any time.

                                    With a certificate of deposit, however, you commit to keeping your money deposited with the bank for a specified period of time, and in return you are guaranteed a certain interest rate.

                                    So even if interest rates drop, your earnings are not affected.

                                    That said, this can work against you as well: if interest rates increase, you could very well wish you hadn’t locked up your money at a lower rate.

                                    Old-School Passive Income Ideas

                                    While passive income is having something of a renaissance now in 2020, I bet your grandparents had passive dreams of their own, though they probably looked a little different than yours.

                                    You may dream of having a YouTube channel generating thousands of dollars in ad revenue monthly, while gramps may have dreamed of one day owning a laundromat.

                                    Below are some of the most common and successful old-school passive income ideas.

                                    18. Laundromat

                                    • Laundromat
                                        • Basics: You provide a place where customers can wash and dry their clothes for a fee.
                                        • Pros: The business is self-service, so there's little to no interaction with customers, and you can eventually outsource the management to an employee.
                                        • Cons: There is a high up-front capital investment, and beyond that, running a laundromat isn't as easy as it looks. There are maintenance issues, customer complaints, and more. Also, since laundromats are often in low-income areas, and they typically have lots of cash (or at least coins) in-store at any given moment, there is the risk of break-in.
                                        • Estimated Return


                                        • Minimum Investment

                                          $200,000+ depending on size and location, but can be financed

                                        • Risk


                                      Everybody has to clean their clothes, and while some are fortunate enough to have a washer and dryer in their home, others use a laundromat.

                                      However, don’t go off thinking that you can just purchase a laundromat and never have to think about it again.

                                      While eventually your laundromat may be a “coin cow,” in the early stages you will likely have to be doing a lot of the low-level work yourself.

                                      19. Vending Machines

                                      • Vending Machines
                                          • Basics: You stock machines with prepackaged foods and drinks, which customers purchase with cash and coins.
                                          • Pros: Vending has the potentially to be an extremely passive business model, but in the early stages, you will likely need to invest your time as well as your capital.
                                          • Cons: Location is everything, and given that vending machines have been around for over 100 years, many of the best urban locations are already taken.
                                          • Estimated Return


                                          • Minimum Investment


                                          • Risk


                                        Ideally, once you purchase a vending machine and place it in a well-trafficked location, all you have to do is make sure it’s well-stocked and then collect your cash.

                                        Of course, getting into the vending business is not as easy as it sounds, and you should be sure to do your research before jumping in headfirst.

                                        Frequently Asked Questions

                                        What Is Passive Income?

                                        Passive income is any income you earn from a business or other enterprise in which you are applying little or none of your own efforts.

                                        How Is Passive Income Taxed?

                                        Generally speaking, most passive income you earn will fall into one of two categories:

                                        • Investment Income
                                        • Real Estate Income
                                        • Business Income

                                        Investment income is passive income such as interest and dividends that is reported on Schedule B of your Form 1040.  Certain “qualified” dividends are taxed at preferential tax rates, and others “non-qualified” dividends are taxed at the normal, ordinary income tax rates.  Interest income is almost always taxed at the normal, ordinary income tax rates.

                                        Business income such as blogging and YouTube revenue, though it can be passive, is considered business income by the IRS and should be reported on Schedule C.

                                        Real estate income is just what it sounds like: income you earn from rental real estate or the sale thereof.  This income is subject to special passive activity loss rules and is reported on Schedule E of your Form 1040.

                                        Which Passive Income Idea Is Best?

                                        When it comes to personal finance and making money, “best” is extremely subjective.

                                        In order to determine which passive income idea is the best one for you, you have to articulate to yourself what you prioritize in a passive income stream.  Is it:

                                        • Low or no time investment?
                                        • Low or no financial investment?
                                        • Highest returns?
                                        • Lowest risk?

                                        Once you answer this question, you’ll be able to accurately determine which of the passive income ideas I list above is the best one for you.

                                        Logan Allec, CPA

                                        Logan is a practicing CPA, Certified Student Loan Professional, and founder of Money Done Right, which he launched in July 2017. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

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                                        This sounds interesting but unfortunately I won’t have time to try most of them, except for the bank savings interest and real estate investing.

                                        As for the rest, let’s leave it for newbies still trying to figure out lazy ways to make money online.

                                        Thanks for sharing anyway.


                                        I definitely appreciate you listing some of these alternatives for the normal 9-to-5. This is something that more of us need to be focusing on to make it work!

                                        it isn’t so great when someone is in control of your car and you’re not. what do you think the insurance company thinks of that?

                                        you have to drive a lot to qualify; just a heads up. dont remember the reqs but theres a per week or per day on miles. if youre a commuter, it IS a great option though

                                        #32. Get paid for your good credit by renting out your authorized user spots on your credit card. I know it sounds sketchy, but once you educate yourself you will learn it’s perfectly legal and safe. If you have good credit, you can make thousands per month. Visit https://tradelinesupply.com for details.

                                        You linked to a 3 year old video from a guy selling a competitive credit repair product and his only negative thing to say about tradelines is they won’t get you a $150k+ business credit line, which I agree with. That is a far cry from saying tradelines won’t help you get approved for other types of credit products.

                                        Not to mention I am not even commenting on the effectiveness of tradelines to the customer here, but rather the opportunity to make passive income as a credit partner.


                                        I really can’t stop at this point. As long as I leave my accounts open, the shirts keep selling.

                                        However, I haven’t been making as many new designs as I used to – been a bit busy this past month with a newborn!

                                        You listed a lot of viable opportunities. It’s important to consider doing things you will enjoy or are wanting to learn anyway. By doing so, you will look forward to working on them.

                                        I didn’t see creating a YouTube channel and monetizing the videos. That is one of my favorites ways to make money passively.

                                        Another is one making money passively through referrals. I am a member of a few sites that have referral programs. You can make money from a referral’s earnings.

                                        Lots of really good ideas, thanks!

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