Invest in real estate. This is one of the most popular ways to earn passive income. You can buy rental properties, flip houses, or invest in real estate investment trusts (REITs).
Start a blog or website. If you have a passion for writing or sharing information, you can start a blog or website and monetize it through advertising, affiliate marketing, or selling products or services.
Create an online course. If you have expertise in a particular area, you can create an online course and sell it to people all over the world.
Write an ebook. This is another great way to share your knowledge and expertise with others and make money in the process.
Start a podcast. Podcasts are a great way to reach a large audience and make money through advertising or sponsorships.
Become an affiliate marketer. This is a great way to earn money by promoting other people's products or services.
Start a YouTube channel. YouTube is a great platform to share your videos with the world and make money through advertising or sponsorships.
Invest in stocks or bonds. This is a more traditional way to earn passive income. When you invest in stocks or bonds, you are essentially lending money to a company or government. In return, you will receive interest payments.
Start a side hustle. This could be anything from driving for Uber to pet sitting to freelance writing. Side hustles can be a great way to generate extra income and reach your financial goals.