35 Passive Income Ways to Make Money While You Sleep in 2023

Making money while you sleep 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 so for working parent or even stay-at-home parent, that can be liberating.

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.

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.

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

If you create something digitally–like a video or a song–and you get money every time someone views it, that’s passive income.

Passive Income vs. Active Income

Passive income is indirectly obtained, such as interest from savings accounts or dividends from stocks.

Active income on the other hand is money you substantially work to earn.

8 Truly Passive Income Ideas

Swipe up now to read the full post!