Passive income for starters
10 great was to make passive income for starters
1.Get out of debt As long as you have debt your lenders have full control over your income. They decide how much your monthly payments is and when you have to pay them by they can increase your interest rate and payments. 👎 To get out of debt, you should try The debt snowball method it’s a debt reduction strategy where you pay off the debt in order of smallest to largest, gaining momentum as you knock out each payment. When the smallest debt is paid in full, you roll the money you were paying on that debt into the next smallest payment till you have everything paid off.2..Rent out extra space in your house.🏠If you have an extra bedroom you can rent it out. You can find a roommate to help you pay the bills. Maybe even enough to cover the cost of your mortgage. You can also list the space on Airbnb. Remember to always do what you’re comfortable with.
3.peer to peer lender. Is a good way to make passive income website like upstart, funding circle and prosper market is the way to go. Peer to peer lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers some risk is involved.
4.Design products to sell online. You can sell your designs on websites like Redbubble ,teepublic , zazzle , Esty and amazon 👍🏼 but I have found Redbubble, Teepublic is the most user-friendly.
5.Become a social media influencer.
if you have a large social media following, you can definitely earn money promoting a product or advertising for a company. The more followers the better your chances. 6. Shop and play online. Swagbucks and inboxdollars are websites you can use to shop with major retailers like Target, Walmart, and Amazon through Swagbucks, you get Swagbucks points.you can then change your swagbucks for money on PayPal or get gift cards inboxdollars you can also search the web and play games online. 7.use your car to advertise. Carvertise you can get paid about $100 a month. Wrapify you can make about $200 a month. Vugo The app is compatible with Google Maps and Waze. Drivers can earn up to $200 more a month playing the ads, and there’s a driver tipping feature built in. 8. Rent your car. Hyrecar is one of the best apps to use With an Uber or Lyft inspection and a quick description of your ride you can start making about $30 to $60 a day. 9.write and ebook. One of my best friends just wrote a children’s book even tho this isn’t for even one she makes about $60 a month. You can also use the app like fivver and find someone to ghostwrite your book for you. 10.buy a business. you can buy a business and profit from it with little work. You have to search out businesses that require little hands-on activity.