What’s your passive income journey?
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.
It’s not exactly passive, but it’s a low-effort way to earn income. Great idea!
I’ve created two online ACT math courses.
The first one was launched last August, and the next one is coming out in two weeks.
The first course earned an extra $47,000, split 50/50 with a colleague. The new course is entirely my own.
The initial effort wasn’t passive, but from now on, it will be.
Which platform(s) are you utilizing to promote and sell your courses?
I use Teachable for course delivery, and my marketing strategy relies on word-of-mouth from tutoring my students.
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.