It may be slow to begin with and it may take a while before a return in investment is seen, but eventually this income stream is able to maintain itself, enabling you to earn a fairly consistent revenue without much effort required from you.Īll forms of passive income require either an upfront investment in time or money. The hard work is put in at the beginning.Ī while after the initial upfront investment the hard work will start to pay off as an income stream starts to come in. Don’t be misunderstood though and think that you don’t have to do any work to bring in a passive income: you will need to make an upfront investment in time and/or money. To have a stream of passive income means you can make money from something that takes very little effort to maintain. In this article I’m going to show you how you can make it possible for yourself.īut first, what is a passive income? What Is A Passive Income? However many people don’t understand ways you can create a passive income. To be able to earn a passive income and have financial freedom is something that is desired by many. It’s not to say if you earn a passive income you have to give up your day job though – many people choose to earn it on top of their salary as a neat way to earn extra money, and for a few years whilst I was working as a Flight Attendant I did that too. This passive income has enabled me to give up my well-paid job in Central London, live abroad and travel long-term without having to dip into my savings or worry where my next meal was coming from as I had guaranteed money coming in every month. It literally means you can make money as you sleep – who’s not up for that?! I have actually been earning a steady passive income since 2015 without barely lifting a finger.
2020 brought many challenges and forced the majority of us to pivot and work online, with many people looking into ways how they could make a passive income.Įarning a passive income can be life changing.
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