As a bonus, many of these courses are free. If the stock market seems like a big bad kitty cat you don’t want to mess with, you can take beginner courses at places like Coursera that show you the ropes of investing. On the other hand, if you have less than 1000 dollars lying around, you can start slow-making it not THAT risky to invest. Investing in the stock market is an excellent way to earn passive income if you don’t mind taking risks with your cash. In addition, the interest payouts compound over time, so your earnings will grow even more. Online banks like Ally have savings rate interests with an annual percentage yield that is currently at 0.50 percent. Start a High Yield Savings AccountĪccording to Bankrate, regular savings accounts offer 0.06 percent APY, which is the national average. In no particular order, here it goes … 1. But we are pretty sure at least a handful will make you think: “Hmmm … I hadn’t thought about that.” Some of these might be new, and others you’ve done before. You can start slow and work your way up the income ladder.Īll of this has probably got you saying, “Where do I sign up?” If so, you want to check out our list below, which contains 25 passive income ideas. Of course, some passive cash opportunities might require a great deal of time dedication to generate income. For one, they are easy to do, and two, they have a massive audience willing to pay for your product or service. The best passive income ideas have two things in common.

It’s very different from the active income you get from a day job or business that takes a lot of your time and work. It’s called “passive” because the money from passive income streams keeps coming in, even while you are sleeping or spending time doing things you enjoy. Passive income is defined as income you regularly receive, with little effort required to maintain it.

Passive income 2021