The 5 Most Popular Kinds of Passive Income

Passive income is a great revenue source because it allows you to add on to your existing salary without putting forth much effort. In the beginning while you are still figuring things out, this kind of revenue stream makes a welcome supplement to your salary or business revenue. Passive income allows you to free up time for yourself and for your family while still enabling you to earn some money to put towards expenses or savings. Given enough time and know-how it is quite possible to quit your regular nine to five job and live off of your passive income. It has the power of helping you realize your dreams of financial and personal freedom.

Two Ways to Create Passive Income

As we talk about over and over on this site, there are many ways to create a passive income. We have shared many ways to accomplish this. Yet, most of these creative ways depend on one thing: having money to invest. For those of you who are poor college students or people without a lot of liquid assets (like most Americans), you may be wondering if there is another way for you to generate some cash without having to get a second job. When looking at passive income, there are two general ways to do it.

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Passive Income With a Fitness Center

Have you ever had a membership at your local fitness center? I have, and really, the business does not appear to be that complicated. Typically, there is one, maybe two, people working, and most of the time they really aren’t…

Passive Income With a Blog

Creating a Passive Income With Your Blog (Part 1)

Blogging is typically a ton of work, but what if I told you that you could run a blog almost 100% passively and make more than $1,000 per month? Would you believe me? If someone would have told me that…

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Passive Income with Wedding Rentals

Have you ever been to a wedding or had one yourself? Getting married is a once in a lifetime event (hopefully), and rather than purchase a trailer-full of decorations, many fathers-of-the-bride decide to seek out a few rentals. It’s just…

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Passive Income With Your Property

Have you ever thought about making a passive income with your front yard? If you live in the right place, I bet you could make a couple hundred bucks in a single night, and you’d only have to work for…

passive income, kiosk, make money

Passive Income with a Kiosk

Many of us have aspirations of building up a passive income large enough to quit our jobs someday and retire like kings. The only problem is, I don’t think too many of us have a plan in place to make…

passive income from a driving range, driving range, passive income, creating a passive income

Passive Income With a Driving Range

Passive Income From a Driving Range If you know me at all, you know that I love to play golf. I don’t get out as much as I used to, but it’s still fun to get out and chase that…

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Passive Income With Snow Removal

I currently live in the great state of Michigan, and we recently got dumped on with snow! It started to drizzle Thursday afternoon, and as the temperature decreased, that drizzle¬†slowly morphed into snowflakes. Once that snow started coming down though,…