What are some ways to make passive income without much upfront effort?

  1. Rent out a spare room: If you have an extra room in your home, you could consider renting it out on platforms like Airbnb or Vrbo. This can be a relatively low-effort way to generate passive income, as you can often set your own rental rates and schedule.

  2. Invest in dividend-paying stocks: If you have some money to invest, you could consider buying stocks that pay dividends. These stocks pay out a portion of their profits to shareholders on a regular basis, so you can earn passive income through your investments.

  3. Peer-to-peer lending: Platforms like LendingClub and Prosper allow you to lend money to individuals or small businesses in exchange for a return on your investment. This can be a relatively low-effort way to generate passive income, as the platform handles the loan process and payments for you.

  4. Rent out your car: If you have a car that you don't use often, you could consider renting it out through a platform like Turo. This can be a low-effort way to generate passive income, as you can set your own rental rates and schedule.

  5. Create an online course: If you have expertise in a particular subject, you could consider creating an online course and selling it on platforms like Udemy or Teachable. While creating an online course requires some upfront effort, once it's completed, you can continue to earn passive income from sales of the course.

Back to blog

Leave a comment

Please note, comments need to be approved before they are published.