I’ve been actively exploring different passive income ideas, but I’m eager to hear your experiences. What strategies have successfully generated passive income for you? Share your successes, challenges, and innovative ideas that have helped you achieve financial independence.
I’m not sure how passive this is, but I’ve bought items in bulk using a rewards card, things like toilet paper or dog food that everyone needs. Then, I ask friends and family to Venmo me their share and let me keep the 2% cash back as a “convenience” fee. It’s not a huge amount, but it adds up and occasionally covers dinner.
My strategies for generating passive income include investing in dividend stocks, creating digital products, renting out property, using affiliate marketing, and participating in peer-to-peer lending platforms.