Try These 5 (Almost) Passive Income Ideas Before They Become Popular

Making money while you’re on the beach has a beautiful ring to it, and that’s the idea behind passive income.

Most people think of income as something they have to do labor for, like going to work for a day and then getting paid.

Passive income is money you earn even when you’re not working and for working parents it’s especially helpful to have other sources of income coming into the family home.

Yes, it takes some investment of time, money, energy, or all three, but then the money just comes in, helping you pay off a student loan, dig out of credit card debt, save for retirement.

What Is Passive Income?

Passive income is defined as income that requires minimal effort to earn. It is a form of income that builds you wealth even when you’re not working.

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For example, if you invest some money and your investment increases in value, that’s passive income.

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Passive Income vs. Active Income

No matter how you make your income, making money always falls into two categories: passively or actively.

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5 Semi-Passive Income Ideas

1. Renting Your Car Companies like Turo and GetAround make it easier than ever to rent out your car when you aren’t using it.

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