Woman holding money and "passive income" sign.

14 Ways To Make a Semi-Passive Income That Could Generate Money for Years

In today’s economy, more and more people need a side hustle to make ends meet. One person asked an online finance forum for passive ways to increase their monthly income by a few hundred bucks. While they’re not all passive, people had great tips for making some extra money. 

Note: Some quotes in this piece have been lightly edited for grammar.

1: Passive Aggressive 

Interest balance.
Photo Credit: S… via stock.adobe.com.

Finding proper passive options is next to impossible, according to a finance-savvy commenter. The good news? There are semi-passive options. Putting money into stocks/mutual funds can provide a decent return and are reliable with zero effort. “However, you need a lot of money to earn money. $100/month would take roughly $40,000, invested in a 3% dividend stock basket.” 

2: Getting Started 

Key sitting on a stack of money.
Photo Credit: Depositphotos.

One person offered a few suggestions, including equity and real estate investments, owning or investing in a business, and earning royalties from intellectual property (books, movies, etc.) But be warned, “Most people severely underestimate how difficult it is to make money from books consistently.” Furthermore, “The others require some upfront money.”

3: Risky Business 

Man handing over cash.
Photo Credit: Tierney via stock.adobe.com.

Although a bit more risky than buying a stock, one person said many others have reported decent returns through money lending websites like Prosper and Lending Club. “But again, this needs a lot of money upfront,” they add. 

4: Becoming the Villain 

Woman handing keys to a traveler guest.
Photo Credit: Pikselstock via Depositphotos.

A viable option for extra income is to become a landlord and find renters, one commenter says. “Not exactly passive, but a good way to work towards owning property, as most of your income goes back into the mortgage.” 

5: Side Hustle 

Woman painting.
Photo Credit: Depositphotos.

Starting a side business is another suggestion that’s not passive but can make you a decent chunk of change. Someone said it can be anything from mowing lawns to designing book covers for writers in Photoshop. “There’s no way to estimate the amount of time or level of return from a side business, as everyone is different.” 

6: Just Not Possible 

Rock crushing a man.
Photo Credit: Depositphotos.

One naysayer believes if making passive income was simple, a lot more people would be doing it by now. “It’s going to take a non-insignificant amount of work,” they said. 

7: Host With the Most 

Person holding keys.
Photo Credit: Depositphotos.

If you’re not ready to become a full-blown landlord, consider renting a room in your house on Airbnb or VRBO. “Simple way to make extra cash,” one person said. Another suggested homeowners build a “mother-in-law” suite in their backyard and rent it out. 

8: Lights, Camera, Action

Couple on tv.
Photo Credit: Depositphotos.

As long as you’re not camera shy, one person says monetizing YouTube videos can help you a little. All you have to do is enable monetization when you upload. “It’s not entirely passive as it still takes a few minutes to upload to YouTube and put a decent description, title, etc. There’s also a small chance you’ll get some decent traffic if a video is interesting or has the right keywords.”

9: Get Richer 

Woman handing in her resume.
Photo Credit: Drazen via stock.adobe.com.

One person says they used to look for passive income but have instead shifted their focus to increasing their current income. They follow Ramit Sethi’s method of saving more. “He points out that focusing on your primary job/career by increasing your skills, asking for raises, and seeking out better jobs is often the quickest and easiest route to increasing your income.” 

10: Picture Perfect 

Overweight woman holding a camera and making a peace sign.
Photo Credit: .Shock via Depositphotos.

One creative says they’ve been looking into modifying assets from various photography and design projects they’ve worked on and selling them on stock websites for extra cash. “I feel like after adding a few things here and there for a year, it could build up to something like $20–50/month,” they said. 

11: Automatic Cash 

Man on a laptop.
Photo Credit: Ron Dale via stock.adobe.com.

“I run a highly-automated web store,” one earner says. They explain it takes two hours a day for packing and customer service and some time here and there on weekends to restock. “I hope to get about a thousand euros a month from this.”

12: Blog About It 

Writing in a notebook.
Photo Credit: apichon_tee via stock.adobe.com.

Ever considered starting a blog? One person says it’s a great way to earn money by writing about topics you enjoy. “Once you’ve built an audience, you can monetize your blog through advertising or affiliate marketing,” they said. 

13: Teach the World 

Man thinking.
Photo Credit: Depositphotos.

If you have the expertise for it, another idea is creating an online course and selling it through online platforms like Udemy or Skillshare. “If you’re an expert in a particular field, this can be a lucrative way to earn passive income,” observes one person. 

14: Trust Yourself 

Happy woman.
Photo Credit: Depositphotos.

Wondering where to start? “The key is to find something that aligns with your interests and skills,” a finance-savvy commenter advises. If you love what you do, it’s much easier to put in the initial effort to get started. 

Source: Reddit

Jobs Paying Americans $100,000+ Per Year

Woman holding money.
Photo Credit: Depositphotos.

Earning enough money to live comfortably is the epitome of the American Dream. Here are the jobs that can get you there.

16 Obscure and Traditional Jobs Paying Americans $100,000+ Per Year

15 Ultra-Bad Money Myths

Woman holding a $20 bill.
Photo Credit: pathdoc via stock.adobe.com.

The “facts” you’ve heard about money may not be as accurate as you think. These are the top myths that drive financial buffs mad.

15 Money Myths That Drive Finance Buffs Crazy

15 Mistakes Poor People Make That Keep Them Poor

Woman holding wallet full of ramen.
Photo Credit: Monthira via stock.adobe.com.

Want to get out of or stay out of the red? Heed this advice about mistakes poor people make that cause them to live paycheck to paycheck.

15 Mistakes Poor People Make That Keep Them Poor

Top 1% Earners by State

Person holding money.
Photo Credit: shara via stock.adobe.com.

Whether earning income in the top 1% of your state feels like a pipe dream or a plausible reality, one thing is certain: What constitutes a 1% earner varies wildly by state.

How Much Money It Takes To Be in the Top 1% By State

All-Time Worst Pieces of Financial Advice

Money in a mouse trap.
Photo Credit: igorkol_ter via stock.adobe.com.

Whether from a friend, family member, or co-worker, sometimes people receive financial advice they’re better off not taking. These are the cream of the crop worst financial recommendations.

15 Worst Pieces of Financial Advice One Must Never Listen To

About The Author

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top