20 Ways to Build a Passive Income Stream

Earning passive income sounds like a dream to those of us who work to generate a regular paycheck.

But with some creativity and resourcefulness, you may be able to employ strategies that allow you to make money when you aren't working

What Is Passive Income?

Passive income is generally considered any source of revenue earned when you're doing something else.

Keep in mind that passive income is often not very passive, however

With some of the passive income ideas below, you may work a lot upfront

But if all goes well, you may be able to sit back and earn money.

ake a look at these ideas for creating a passive income stream.

– Rent out a room. – Rent out your driveway. – Rent out storage space. – Advertise on your car. – Create a blog. – Create an online course. – Rent your old home. – Write a book. – Create a product.

– Start a business that relies on passive income. – Become a silent business partner. – Design T-shirts. – Be a pet sitter. – Be a house sitter. – Invest in your retirement.

– Invest in cryptocurrency. – Open a savings account. – Create YouTube videos. – Pay off debt or reduce expenses. – Apply for credit cards with rewards.

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