![]() But if done right, you will reach a point where your passive income streams earn income on their own, without little to no effort on your part. Most passive income sources will require time, energy, and effort up-front. Passive income is earned through investments or work already completed and continues to make money without any additional effort.īy contrast, active income is money earned in exchange for performing a service. Passive income, by its definition, doesn’t require active work after a certain point. Here are seven ways I’ve successfully earned passive income. Sound too good to be true? My food blog Delish D’Lites earns over $7,000 in passive income each month. And with multiple passive income streams, I finally have financial stability and protection from layoffs. What I have now are passive income streams. I was drawn to the idea of having the freedom to live and work anywhere and not reliant on staying in one place to earn a paycheck. This was when I dedicated my efforts to a new passion project – learning how to make money online. Ironically enough, I got laid off from my job six months later. So I started a food blog and figured it could become a creative outlet for me. But after some self-reflection, I realized that the last thing I wanted was to go from one grueling career to another. I toyed with the idea of quitting my job to go to culinary school. I’ve always been passionate about food and cooking. I was hungry for a career change and overwhelmed with where to start. When I first graduated with my master’s degree and entered into the workforce as a biotechnology engineer, I was getting paid well but was feeling very uninspired. It’s called passive income, and I found it purely by accident. For more information, see How We Make Money. Some links on this page - clearly marked - may take you to a partner website and may result in us earning a referral commission. We want to help you make more informed decisions.
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