Passive income is money earned from sources other than a traditional job, requiring little time or effort. That includes earnings from rental properties, stock dividends, courses sold online, and other projects where you're not actively involved in the continued generation of revenue. Although you may have had to put time, money, or effort into starting up such ventures, eventually you collect income passively without much work.
Marguerita Cheng , CEO of Blue Ocean Global Wealth and one of Investopedia's top financial advisors , said she's optimistic for those looking for passive income opportunities today.
Let's first understand the difference between active and passive income, then explore 25 passive income ideas for while discussing the potential earnings of each. The best passive income sources for you depend on your circumstances. With that in mind, here are 25 ways to make passive income in , grouped by type and income potential.
Later in the article, we discuss each of these in depth. Passive income can be a great way to generate some extra cash and supplement regular earnings from your job. If you're interested in passive income, stay away from "get rich quick" schemes found among search results for the term online.
Cheng suggests you stay mindful of some common misconceptions about passive income. Cheng gave some examples: "With a franchise, there are certain fixed costs that people will incur before they can experience positive cash flow.
