99 Passive Income Ideas 2022

It’s 2022 and if you’re looking for a way to make money even while you sleep, this is for you. Here are 99 passive income ideas for 2022 to inspire you to create additional income streams.

Passive income ideas 2022

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Passive Income Ideas 2022 by Category

Finance Industry

Please note: I am not a financial advisor. Accordingly, this is not advice. Always do your own due diligence before making any decision. This information is for educational purposes only.

The following methods are the easiest ways to earn passive income.

Passive income ideas 2022

Investing (dividend stocks)

Pros: Investing, particularly dividend investing, is the easiest passive income. When you own stocks or a dividend stock index fund, you are owners of those companies.

The purpose of a company is to pay its owners, through dividends. As you own more and more companies, you’ll get paid more in dividends.

It’s super easy because you just have to invest in the companies to get paid.

Cons: This amount of passive income you’ll earn depends on the dividend yield and how much you can invest. For example, if the dividend yield is 2% and you invest $10,000, you would make $200 a year.

Overall: It is the easiest, but it is not as lucrative as some of the other options, especially if you have a limited amount of money for an initial investment.

Investing (bonds)

Pros: Another easy way to generate passive income through investing is investing in bonds. Bonds are generally considered to have less risk than stocks.

Cons: While bonds may have less risk than stocks, they typically have lower returns. Furthermore, they don’t always outpace inflation.

Overall: It’s easy and has a different risk than dividend investing, but the returns may not be high enough to outpace inflation.

HYSA

Pros: A high yield savings account (HYSA) is a guaranteed way to earn passive income through interest. If you choose a bank that’s FDIC and without fees, this is a decent option for storing a large sum of cash you can’t or don’t want to invest.

For example, a HYSA could be useful for storing your emergency fund or money for a home down payment.

Cons: The returns are dismal, less than bonds and much less than bonds. These returns definitely don’t outpace inflation. Furthermore, the returns may only be marginally better than a typical savings account.

Overall: A HYSA can be a good, easy option if you must keep a large sum of money in cash, like a home down payment. Otherwise, it’s probably not worth your time with the current interest rates.

Cash back bonuses on credit cards

Pros: Cash back bonuses are an easy way to effortlessly make more money each month, especially if you have the right credit card. This works if you commit to using the credit card like a debit card and repay the full statement balance each month.

Cons: If you can’t commit to only spending what you can repay, this isn’t for you because you could fall into bad debt.

Overall: If you’re looking for an easy way to get cash back by buying the things you already purchase, then this is for you.

My favorite cash back credit card is Discover. If you want more information, enter your email here and Discover will send you a unique link with details and a special $100 cash back bonus offer. You will also earn between 1-5% cash back on every purchase you make.

Online businesses

Starting an online business

Pros: Thanks to the Internet, anyone can start an online business for very little or even free. There are so many types of online businesses including content creation, selling products, selling services, and more.

Cons: Because online businesses have low startup costs, it can be highly competitive. It also requires you figuring out how to successfully reach your target audience. Your timeline may vary depending on how quickly you can experiment, who you learn from, and your marketing skills.

Overall: Online businesses can be an easy business to start since the initial costs are typically low. Because they are easy to start, expect competition.

Building a following on borrowed channels

Pros: If you want to start creating content online, you could use platforms like social media to “borrow” the platform’s built in audience. The benefit is that the platform already attracts people, so you can reach them where they are at.

Cons: The major downside is you don’t “own” your audience. The platform and its algorithm has complete control over who and how you can reach people.

Overall: Building a following on borrowed channels can be easier than building on your own platform. However, you may want to consider using a combination of borrowed and owned audiences.

Here are more specific borrowed platforms you can start creating content on.

Creating a YouTube channel
Becoming a TikTok star in your niche
Gaining a following on Instagram
Building a Twitter following
Creating a Facebook community
Creating value on LinkedIn
Starting a podcast

Building a following on owned channels

Pros: You own the platform and your audience. You have complete control. You’re not at the mercy of someone else’s algorithm.

Cons: When you own your platform, you are responsible for gaining an audience on that platform. This can take more time than “borrowing” an audience on a social media platform.

Overall: You can use a mix of owned and borrowed platforms so you can get the best of both worlds.

Building an email list

Pros: You own your email list.

Cons: It takes time to build it.

Overall: It’s a great way to reach the “best” members of your audience. Those who sign up for your email list tend to care more about your business!

Starting a website

Pros: You own your website and have complete control over the design, the offerings, and absolutely everything! You own your website audience.

Cons: Since this is an owner platform, you are responsible for driving traffic to it, which can take time.

Overall: This is a long term play, but a great way to have a “home base” for your business.

Product sales

Pros: When you are selling your own product, you keep all the profit from it.

Cons: Products can take time and sometimes money to develop. If you have physical products, then you will also have to figure out manufacturing, logistics, order quantities, etc.

Overall: Product sales can be a great way to keep the most profit; however, physical products have logistical challenges and risks.

Affiliate marketing

Affiliate marketing is recommending someone else’s products or services in exchange for a commission on sales.

Pros: The primary benefit of this is you avoid the logistical challenges of selling your own physical products. Additionally, you don’t have to expend the resources on developing your own products.

Cons: The downside is you don’t keep 100% of the profits when you make a sale. Instead you will get a payment depending on your agreement with the company.

Overall: This can be a great way to generate passive income and avoid the hassles associated with selling your own products. The more you sell, the more you make, so the volume of affiliate sales matters a lot.

Selling services online

Pros: If you have a unique skill or even if you’re willing to offer a service in high demand, you can make money by serving others.

Cons: The primary limitation of service businesses is labor hours. When your business is successful, you may need to hire team members to keep up with demand. Additionally, depending on the service you provide, there may be competition or low barriers to entry. Low barriers to entry means it would be easy for others to start a competing business.

Overall: You could start an online service business today. Some first steps would include finding your first clients and acquiring any equipment/supplies you may need.

Sponsored content

Pros: Brands can pay you to post content about their product/service. This can be a great way to share a product/service your audience would be interested in, while being compensated for the content you produce.

Cons: Challenges may include negotiating contracts with companies. Depending on the brand, they may want to be heavily involved with how the sponsored content looks.

Overall: Some consumers are skeptical of sponsored content, so ensure it is a good fit for your brand and your audience. Additionally, negotiate favorable terms and ensure you are being compensated fairly for the value you are providing.

Display ads

Pros: You get paid for display ads every time a user sees them, regardless of whether or not they make a purchase. (Although compensation does depend on the display ads you are using.)

Cons: Display ads can severely worsen the user experience. You’ve been on sites where you need binoculars to see the tiny square that contains the actual content. They also typically pay less than $1 per view; however, this will also depend on your niche.

Overall: If you have a lot of traffic, display ads could be a good way to bring in passive income. However, carefully consider the impact on user experience. You will also need your own website for this.

Online courses

Pros: If you have valuable information you could teach others, a course offers a structured way to provide value to your audience. If you could help accelerate someone’s growth, people may be willing to pay you for that value.

Cons: There is so much competition for online courses. Also ensure the value exceeds the price to avoid disappointing your customer.

Overall: Courses can be a great way to help your audience while also getting well compensated for the value you provide.

Subscriptions

Pros: A subscription model is a way to earn recurring compensation for the value you provide. This may look like exclusive access to blog posts in exchange for a subscription. Or it may be combined with selling products as part of a subscription. There are many options with this!

Cons: Attracting and retaining subscription customers will require proven demonstration of value over time. There are so many subscription options and customers only have so much money to spend each month!

Overall: Subscriptions are a great way to earn recurring revenue, as long as you can attract and retain the customers.

Live events/workshops/seminars

Pros: It’s a great way to connect with a larger group of consumers. It can help strengthen and build customer relationships.

Cons: Strike a careful balance between providing your consumers value and selling them your offerings. (We’ve all know of a webinar that promised information we wanted, only to find out we could only get that information by purchasing the course being pitched.)

Overall: It can be a great way to strengthen relationships with your customers if you provide value; however, if it becomes too sales-y it could hurt your existing relationships.

Write an ebook

Pros: It’s relatively easy to publish an ebook.

Cons: The primary challenge will be marketing it. Because it’s easy, there’s lots of competition.

Overall: This can be a great option to provide value to your customers, especially if you already have a built in audience of potential customers.

Write a children’s ebook

Pros: A children’s book has less content to create than a book for an adult.

Cons: You will need illustrations. Also you’ll need to be good at marketing to reach your customers.

Overall: If you are good at marketing and can rank higher in searches than your competitors, this could be a good way to make one book that afterwards generates passive income for you.

Create an audiobook

Pros: With technology today, an audiobook is easy to create. You can also reach the audience of people who prefer listening to books over reading.

Cons: Again, the challenge will be marketing.

Overall: If you are good at marketing and can rank higher in searches than your competitors, this could be a good way to make one book that afterwards generates passive income for you.

Selling on Etsy

Pros: Etsy has a built in audience of people looking for custom/hand crafted items. This is a great option if you make your own products.

Cons: Etsy will take their cut for connecting you with customers and facilitating sales.

Overall: If you are good at marketing and SEO, this can be another great way to earn income from selling products.

Print on demand

Pros: Earlier, we mentioned selling products; however, the main downside was the supply chain considerations. Print on demand is cool because you have a manufacturer who will create your product after someone has purchased it and ship it to them. It’s a way to outsource the things that make selling your own product a hassle.

Cons: Do extensive quality control testing to ensure your partners are delivering products that represent your brand well. Additionally, make sure you are creating products that your customers want to buy. Lastly, print on demand will cut into your profit margins, but especially if you are not selling a high volume of products, it may still be cheaper than finding your own supplier.

Overall: Like all business models, there are pros and cons. If you are a good designer and have great marketing skills, this could be a good way to build another revenue stream.

Amazon FBA

Amazon FBA, or fulfillment by Amazon, is where Amazon stores your products and ships them out for you.

Pros: Amazon handles the logistical aspects of getting your products to customers. Anyone could do this.

Cons: Of course, Amazon charges you fees for this service. Additionally, there’s SO much competition on Amazon, so it may be difficult for customers to find your products.

Overall: Because anyone could do this, it makes it really difficult to be successful with it.

Reselling clothing online on Poshmark

Pros: You can recycle clothes, help the environment, and make some money. If you start by selling clothes in your own closet you don’t wear anymore, your costs are essentially $0. Anything you sell is profit. Once you have your items listed, it requires about 15 minutes of time a day to refresh your listings. Poshmark already has a built in audience of over $70 million users.

Cons: This can take time to scale. Once you figure out a process for which clothes sell, how quickly they sell, and what price they sell, you can source similar clothes from thrift stores and make a profit. Poshmark also takes their cut for connecting you with customers.

Overall: If you love clothes and shopping, this could be a fun way to turn your passion into money. There are also other apps besides Poshmark you could use like Depop, Etsy, Facebook, Craigslist, Ebay, etc.

Reselling on FB

Pros: You earn higher profit margins when you sell in a local community group on Facebook. That’s because you don’t have to pay a third party for facilitating the sale and you can avoid shipping costs when you do local meetups.

Cons: Alternatively, if you use Facebook marketplace, you pay Facebook their cut. It can open up your audience from local to national, so you may be able to get a higher price for your items. You may also have shipping costs if you are no longer doing local pickup only.

Overall: Facebook can be a great platform for finding new homes for stuff you no longer use. You could also source stuff from thrift stores/yard sales to resell.

Reselling on Ebay

Pros: You have a national audience and the option to auction your items. This could take the guesswork out of pricing if you have your customers bidding against each other and putting the price up.

Cons: Like the other selling platforms, Ebay takes their cut for connecting you with their audience and facilitating the sale.

Overall: Depending on the products you’re reselling, Ebay may provide access to customers you would not otherwise connect with.

Reselling items for others in exchange for payment

Pros: This is a creative way to make money reselling without ever owning the products you are selling. You earn a commission or charge fees for selling items other people want to sell, but don’t want to deal with the logistics of selling the items.

Cons: Carefully select the type of items you will sell based on how you decide to charge for your services. You may decide to do a flat fee, % of sale, both, or other methods. Especially if you are doing a % of sales, you’ll get paid more if you decide to sell high end items where you can charge higher prices.

Overall: If you don’t have any of your own items to resell, you can offer a reselling service to help others declutter and make money.

Invest in digital real estate

Digital real estate would be something like a domain name.

Pros: This type of digital real estate investing typically has lower costs than traditional real estate investing. If you are good at research and can anticipate which domain names will be covered in the future, you can buy them now and then flip them for more.

Cons: The success of this business will be dependent on people liking and buying the domain names you’ve bought. If you can’t flip the domain name, you’re out that money. This is the type of business where you’ll likely need many domain name investments to hit on a few big winners.

Overall: If you can flip enough domain names, especially if you can charge premium prices, this could be a lucrative business opportunity for you. Although you do have costs associated with buying and holding the domain names so you’ll need your sales to exceed those costs.

Creating an app

Pros: There are several ways to make money creating an app.

Someone could hire you to build their app
You could create your own and offer paid downloads
You could create your own and offer a subscription
You could use a freemium model where it’s free with ads or users could upgrade to remove ads
Your app could be free with ads

Cons: For this to be lucrative, you either have to have a slam dunk idea or have the development skills to make the app yourself. Then you have to find a way to generate downloads of your app when there’s lots of competition.

Overall: This could be a great way to make some extra income on the side. It will require development skills and marketing skills.

Getting gift cards from Paceline

Pros: This is an easy side hustle that doesn’t require starting your own business. If you have an apple watch, Fitbit, or Garmin device, you can get paid for working out 150 minutes each week.

Cons: The maximum income is limited and you get paid in gift cards from popular stores like Target, Starbucks, Amazon, Walmart, etc. You can make between $8 and $13 a month.

Overall: This can be a fun way to get paid for working out, especially if you already work out. It’s an easy starter side hustle, but it’s not the one that’s going to make you rich.

You can check it out here. If you decide to sign up, you can use code 3T0ZCB for $5 when you sign up.

Independently produce music

Pros: If you are musically talented, you could produce your own music. The benefit is that you won’t have to give a record label the majority of your profits.

Cons: There’s lots of competition in the music space. Depending on the equipment you need, your initial investment may not be cheap.

Overall: With social media, you no longer need a big record label to gain popularity.

Sell NFTs

An NFT is a non-fungible token. In other words, it means it’s a verified, original asset.

Pros: You don’t have to be artistically talented to make NFTs and earn the big bucks. Depending on how you create your NFT, the startup costs can be low.

Cons: Because startup costs are low, there’s lots of competition.

Overall: If you can market your NFT and popularize it on social media and you’re willing to navigate the crypto logistics, this could be a fun, lucrative option to try.

Sell photos

Pros: Do you like photography? There are several ways to make money with this. You could take pictures of people and have clients. You also could take and sell stock photos. You could sell your photography as artwork. You could take pictures for corporate websites. The list goes on and on.

Cons: Selling to clients may be more lucrative but selling stock photos may be more passive (take less time).

Overall: If you are passionate about photography, there are many ways to make money with it.

Sell artwork

Pros: If you’re creative and enjoy making art, this can be a way to turn your passion into income. There are so many ways you could sell art. You could sell at a gallery or online like on Etsy, Ebay, your own website, social media, and more.

Cons: Endure you charge enough for your supplies, your time, and any other costs to ensure it’s profitable for you.

Overall: This is a great option to make money doing something you love. (As long as you can let go of your masterpiece!)

Service Businesses

The kind of business where a service is performed in exchange for money. Even though the services listed below vary, the pros and cons are similar.

Pros: People are willing to pay a premium to avoid the tasks they can’t do, don’t want to do, or don’t have time to do. You just have to find these customers and offer to help them. To differentiate from competitors, figure out what’s going to be unique about you and your business.

Cons: Often these businesses involve time to do the work. However, if you want a more passive income stream, you could outsource the work. Some service businesses may have low startup costs, which increases the risk of competition.

Overall: People will pay you to solve a problem for them, especially if you have a highly sought after skill or even a willingness to do (or hire someone to do) the jobs no one else wants.

Passive income ideas 2022

Graphic design
Interior design
Social media manager
Social media marketing agency
Writing
Editing
Videography
Video editing
Photo editing
Building websites
Optimizing website performance
Designing websites
SEO consulting
Small business consulting
Data analytics consulting
Event planning
Sustainability consulting
Customer service
Translation services
Photography
Testing products
Car ads
Coaching
Teaching music
Tutoring
Personal chef meal prep service
Virtual workout sessions
Virtual dance classes
Create workout plans
Personal training service
Create nutrition plans
Host workout events like yoga in the park
Sell a song
Sell a script
Video game coaching
Build an online presence for brick and mortar stores
Cleaning
Lawn care business
Plumbing service

Physical Businesses

Physician businesses are ones that involve some kind of physician location, like a store, or a physical product. You can turn any of these methods into passive income by hiring someone to operate it for you.

Passive income ideas 2022

Vending machines

Pros: Startup costs can be as low as $500 depending on what you decide to initially invest in.

Cons: You must be able to put your vending machine in a high-traffic area with the right customers. It will make the difference that could bump you to four figure months.

Overall: A vending machine could be a good initial business if you’re willing to do your research and hustle. Learn more about the vending machine business here.

Laundromat

Pros: A laundromat provides a necessary service for many.

Cons: The startup costs could be upwards of $200,000. (Although you could get a loan or other investors so the whole amount wouldn’t have to come out of your pocket.)

Overall: If you are set on becoming a small business owner and you have the money to invest in an asset, consider laundromats. See what Codie Sanchez, the small business investing queen, thinks about them here.

Registered agent services

When someone has a business, there must be someone to collect official mail/court documents for that business in a timely manner. A registered agent provides that service for businesses.

Pros: Especially if you already have a building for a business, this could be another service you add on. It requires a physical location and labor to receive the mail and upload its contents online for your customers.

Cons: Without having a building you could use already, the startup costs may be high. There are several big players to compete with.

Overall: Many businesses will need a registered agent including Limited Liability Companies (LLCs), Limited Liability Partnerships (LLPs), Corporations, and more.

Food truck

Pros: There are lower startup costs for a food truck business than a restaurant, which makes it easier to start this business. Food trucks are also mobile, which means you can move to high traffic locations.

Cons: This business could be seasonal depending on where you live, which could honestly be a pro or a con depending on how much profit you can make during your season. This is a business with lots of considerations like permits, insurance, food safety standards, etc.

Overall: If you are a talented chef, or know someone who is, this could be the business for you. For a greater chance of success with this business, you’ll need a team that is great at making good food and someone who is business savvy.

Barber shop

Pros: The majority of people get haircuts regularly, so this is an in-demand service.

Cons: Your location and competition will make or break this business. Startup costs could be relatively high depending on how you decide to enter this business.

Overall: Once you get into this business, you can scale it by hiring more barbers and you could turn this into passive income.

Invent a product

Pros: Once you invent a hit product, there are many ways to monetize it, especially if you can get a patent on it.

Cons: If you don’t get a patent, or even sometimes if you do, competitors will find a way to knock you off.

Overall: The next several ideas will go over methods to monetize this.

Creating a business with your product

Pros: You keep 100% of the profits. (Unless you take on investors.)

Cons: You will need to figure out all the business aspects, which will be a learning curve. How are you going to manufacture the product? What price can you sell it at? Where will you sell it? How will you get the product to your customer? How will you inform your customers about your offering?

There also could be high startup costs depending on your specific product.

Overall: If you want to be an entrepreneur and you’re willing to take on the risk for the reward, this could be a good option for you to consider.

Licensing

Pros: If you have a patent, but want to avoid the risks of creating your product business yourself, you could license your idea to someone else. Then you can negotiate to get a royalty of sales. That means everytime they sell your product, you get a % of the revenue. Now that’s passive income!

Cons: In exchange for passing off the risk to someone else, you also pass off the majority of the reward to someone else. You will have to put in the work to find a business or businesses interested in licensing your product though.

Overall: If you’re really after passive income and don’t want to take on a lot of risk, this could be your perfect business match, especially if you are skilled at negotiation.

Selling a patent

Pros: You could sell your patent to another business for a premium. It could be a quick payout in exchange for your invention.

Cons: You don’t have a recurring revenue stream like you would with licensing.

Overall: This could be a good option if you don’t want to wait for product sales to begin making money, although you would give up recurring income over time.

Create a game

Pros: Coming up with a game just seems like fun! And you could make money doing it? Win win.

Cons: There’s a lot of competition. If it’s a physical product, you also will have to figure out all the logistical components from manufacturing to supply chain to delivery, etc.

Overall: People value entertainment, so if you can create a unique product that appeals to customers, this could be a hit!

Products with a purpose

Pros: People, especially Gen-Z and Millennials, care more about just the products they buy. Products with a cause to help better this world have become increasingly popular. Take Bombas for example. For every pair of socks sold, they donate another.

Cons: The cause you connect with your product must make sense or it won’t resonate with consumers. For example, if you have a pet care business, don’t tie your cause to sustainable foods. Instead, choose something relevant like donations to an animal shelter.

Overall: This can be a great way to do something great for the planet and strengthen relationships with your customers.

Propagate plants and sell them

Pros: If you have a green thumb, plants have high margins.

Cons: Depending on where you are growing your plants, this business may be difficult to scale.

Overall: This could make a great side hustle for a plant lover.

Sell homegrown produce

Pros: Home grown, healthy food options are in high demand. People will pay a premium for better products. You could sell at a local farmers market.

Cons: This business could be a great side hustle for you, but recognize it may be difficult to scale as it will be limited by how much you can produce.

Overall: If gardening is in your blood, this could be a fun way to turn your passion into income.

Real Estate

Passive income ideas 2022

Rental properties

Pros: If you are thinking about buying real estate, like perhaps your first home, consider investing in a rental property instead. The biggest pro of this side hustle is its ability to help you live rent free.

Essentially you buy a property, say a duplex with four units. You’re a first time home buyer so you can get a home buyer loan. You live in one of the units and rent out the others.

The other tenants pay your mortgage off, and maybe a little bit extra that goes in your pocket. You don’t pay rent because your tenants are paying those expenses for you.

Then over time maybe you fix up the place a little or now the area is up and coming, which means your property is worth more. You refinance the loan and now you have money to buy your next property.

Repeat that process until you have a real estate empire. Check out Graham Stephan for more.

Cons: Rental properties could have high, unexpected costs. Additionally, location is everything so consider investing in properties where you know the area very well.

Overall: It can become passive income over time, but initially it’s going to require some work. Depending on your real estate market, the value from this comes from your properties going up in value over time. You may not necessarily get a lot of cash into your pocket from your initial properties.

Managing Airbnb properties

Pros: This is a way to make money in real estate without owning a property. You can find people with properties they want to rent out and manage Airbnb listings for them. In exchange for that service, you could negotiate to get a certain commission off every sale you get them.

Cons: You would be the middleman so technically they could cut you out and take over managing the Airbnb listing themselves.

Overall: If you can find clients who want to outsource their Airbnb property, this can be a great way for you to get an introduction into real estate without taking on the risk of owning the properties yourself.

Airbnb arbitrage

You lease a property and negotiate with the owner for the ability to sub-lease the apartment. Then you list it on airbnb.

Pros: Since you don’t own the properties, it mitigates some risk. The goal is to make enough money each month through Airbnb to exceed the costs of leasing the apartment and you get to keep the rest.

Cons: You are still responsible for the tenants you sub-lease to, so it is not risk free.

Overall: This could be a good way to get a taste of the real estate world without going all in on a property.

Flipping properties

Pros: You could buy a rundown property for a deal, fix it up, then flip it for more. This could be a faster way to get your money back out than doing rental properties. This could be especially great for you if you have the ability and desire to fix the properties up yourself, which could improve your profit margins.

Cons: You must be good at evaluating properties, understanding your costs and the market potential. This could be risky if your costs exceed the amount you can sell the house for. Another risk is not finding a buyer in a timely manner, which ties up your capital.

Overall: If you like hunting for deals and home improvement, this could be a way to turn that passion into income.

Commercial properties

Pros: More responsibility falls on commercial tenants rather than residential tenants.

Cons: Has demand for commercial properties shrunk in the post-covid work from home era?

Overall: If the risks of residential real estate make you uneasy but you still want to get into real estate, consider commercial real estate.

Vacation rental properties

Pros: Who wouldn’t want to own a beachfront vacation property that pays you?? A huge benefit is you could have your own vacation destination property, while earning passive income by renting it out while you aren’t there.

Cons: Short term rentals can be riskier than long term rentals because there’s more opportunity for vacancies. Vacation properties also have costs other real estate investments may not have like cleaning after each rental, replacing damaged or stolen items, etc.

Overall: If your heart is set on owning a property in your favorite vacation destination, here’s a way to make some money in the process too.

Profit Loop (Bonus Idea to Maximize Value From Your Passive Income)

The easiest form of passive income is investing and earning dividend income. It takes more effort to generate additional passive income streams beyond investing. Even though some effort is required, there are two things you can do to multiply the payoff of your profits and buy your time back.

Passive income ideas 2022

Create a money-growing system – Invest your profits so your earnings continue to generate passive income. This will effectively multiply the results of your hard work over time.
Once you’ve successfully generated income, then you can outsource tasks required to keep generating the income. That’s when you truly have more passive income.

Passive Income Ideas 2022 Conclusion

There are an unlimited number of ways to make passive income in 2022. Passive income is so valuable because it allows you to diversify your income. Any revenue stream can become passive with outsourcing. Although, it may take some time and initial work to reach a point where it’s profitable to outsource.

What passive income ideas for 2022 will you try first?

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