How to earn passive income in 2020

What Is Passive Income?

Many people imagine life after passive income as laying on a beach all day without a care in the world. It’s not. Earning passive income means creating more time to pursue fulfilling ventures. This post details passive income ideas to bring you closer to financial independence.

Simply put, if you want to generate multiple income streams and escape the 9-5, this post is for you. Passive income is money you earn in a way that requires little to no daily effort to maintain. Some passive income ideas—like renting out a property or building a blog—may take some work to get up and running, but they could eventually earn you money while you sleep. Passive Income helps to:

• Increases your wealth-building plan

• Creates an opportunity to retire early

• Protects you from a complete loss of income if you lose your job

• Provides an additional source of income when you’re no longer able to work or if you outlive your retirement fund

Passive Income Ideas

Some passive income ideas include:

1. Start a Blog/YouTube Channel

2. Investing

3. Real Estate

4. Selling Digital Products

5. Write an e-book

6. Sell stock photos

7. Affiliate Marketing

8. Create an app

9. Airbnb

10. Create a course