Besides passive income, this can be a nice way to offset the cost of your mortgage payments. Living in big cities or tourist destinations opens you up to a higher earning potential. Perhaps this isn’t the most glamorous way to make money while you sleep, but it’s a good first step if you feel like you don’t have a ton of time or money to invest in other ideas.Īirbnb is one of the best options for renting a room (or your entire house) to out-of-town visitors. To boost that income, you’ll have to start making larger investments. Micro investing produces micro results, but it’s one way new investors can start earning small amounts of passive income. If you feel like you don’t have much money to get started, there is now a wealth of micro-investing apps that eliminate that barrier. Investing takes money to get started, and you can do it through a traditional brokerage like Fidelity or Charles Schwab. I’m starting with this one because it’s probably the most obvious source of passive income. So here you go… real, legit, non-scam, honest, wholesome ways to make money while you sleep. You know it’s time to work smarter, not harder. You’ve likely got the gist of it at this point. You have to work to get paid, but you can earn money while you sleep with the right work. Remember that you shouldn’t trust anyone who is trying to sell you a magic pill. You have to put forth one of those things before you see any gains. That investment comes in one of two forms: That’s a hard truth, but it’s why you’re reading this article right now.īefore we go on, let’s get one thing straight - all passive income requires some initial investment. Warren Buffet said it best, “If you don’t find a way to make money while you sleep, you will work until you die.” There are only so many hours in a day, days in a week, weeks in a month, and so on… When you only work like that, you end up capping your earning potential because time is limited. If you are like most people, your current job is not earning you passive income. You have to set it in motion, but once it’s going, it can continue moving with minimal effort. It’s money you are earning while you aren’t actively working for it. When people talk about making money while you sleep, they’re talking about passive income.
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