One of my go-to mottos in life is to think outside the box. Or, in other words, use passive income to your advantage. As an entrepreneur, I believe in having multiple ways to earn money. Because in this life, you never know when things can go south. So it’s vital to be prepared for whatever.
With that said, I have curated a list of 20 passive income ideas for 2023. To help you be ahead of the game. So if you want to work for yourself, earn extra money, or gain financial freedom, continue to read along.
What is passive income?
Source of income generated by someone other than an employer or a contractor. That includes earning interest on savings, getting cash back or rewards on a credit card, renting out a space, purchasing dividend-paying stocks, etc.
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Great post! It’s always a good idea to have multiple streams of income and thinking outside the box is key. These are some very creative ideas for generating passive income.
Ely
Glad to see I’m on the right track as I explore more of these options. Thank you!
Great side hustle tips. Thank you for sharing them with us. I currently have a few in the pipeline.
Thank you for sharing! I am on the hunt for any and all ideas for earning money as I start my adventure into creative writing! I will be on the lookout for other tips you might have!
Great ideas for making extra money! I’m definitely interested in digital products.
Great list! These are all solid ideas for creating passive income streams. It take a bit of work in the beginning, but if you’re diligent, it pays off.