{"id":17838,"date":"2020-05-28T12:10:36","date_gmt":"2020-05-28T16:10:36","guid":{"rendered":"https:\/\/wordpress-715453-3009179.cloudwaysapps.com\/?p=17838"},"modified":"2023-10-20T17:41:49","modified_gmt":"2023-10-20T21:41:49","slug":"passive-income","status":"publish","type":"post","link":"https:\/\/wordpress-715453-3009179.cloudwaysapps.com\/blog\/passive-income\/","title":{"rendered":"11 Ways to Make a Passive Income"},"content":{"rendered":"

36% of workers<\/a> are involved in the gig economy. Around the world, people are picking up side hustles<\/a> that involve everything from freelance writing to dog walking.<\/p>\n

The only problem with \u201cgigs\u201d is that they typically don\u2019t provide much long term financial security. You do the work requested, get paid for the work, and that\u2019s it. No interest, no regular payments. You spend the money and you\u2019re right back where you started.<\/p>\n

If you\u2019re looking to invest your time and resources into something that will continually generate money, you should start looking for opportunities to generate passive income<\/a>.<\/p>\n

What is passive income?<\/h2>\n

In general, if an activity involves a significant amount of upfront investment (like cash, material resources, research, and personal effort) and has the promise to continue providing results with little-to-no effort after the initial setup, it qualifies as passive income.<\/p>\n

Passive income requires a very hands-on approach initially and doesn\u2019t typically provide income immediately. It can take a variety of different forms including:<\/p>\n