20 + Passive Income Ideas to Help Your Financial Situation

Earning money while you’re sleeping is incredibly appealing. But just what exactly is passive income? We’re going to tell you and give you some passive income ideas.

With money coming in on autopilot, you can start paying down debt, saving for retirement, or meeting other financial goals. Let’s be honest, some extra income will also help you find more balance in life. More money probably means you might be able to work a little less.

What is Passive Income?

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.

Create an Online Course

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

Start a Youtube Channel

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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Rent out a Spare Room or Home with Airbnb

If you have a home or even just a room in your home, you can list your space available for rent on Airbnb. One couple transformed their in-law suite into a profitable income stream for their family.

Buy and Sell Domain Names

The price of domain names fluctuates based on demand. Buying and holding domain names you think will become popular in the future is an easy way to make some extra money with minimal effort.

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