10 Passive Income Streams You Can Start on the Side Today
Want to earn money while you sleep? That’s the dream, right? Passive income makes that possible — but it does take some work upfront. Erika Kullberg, a lawyer and money expert, shares her favorite ways to make at least $1,000 a month without grinding daily.
Passive income streams are not just a dream anymore—they’re a real, achievable strategy for generating money with minimal ongoing effort. The focus keyword of this article is passive income streams, and by the end, you’ll have a solid understanding of 14 reliable methods to start earning money on the side. Whether you’re aiming for financial freedom, building a safety net, or simply looking to supplement your primary income, these passive income streams can help create lasting financial security.
1. Invest in Dividend Stocks
Buy stocks from companies that pay you a share of their profits regularly — that’s a dividend. It’s like earning rent on your money.
- Pick trusted companies with a steady dividend history
- Use platforms like Vanguard or Fidelity
- Reinvest your earnings to grow faster
2. Put Your Money in REITs
REITs (Real Estate Investment Trusts) let you invest in property without becoming a landlord. You earn a share of rental income. Start with sites like Fundrise or Arrived Homes.
3. Sell Digital Products
Create once, sell forever. Think eBooks, online courses, or printable planners.
- Amazon KDP – for eBooks
- Udemy or Teachable – for courses
- Etsy – for printables
4. Try Peer-to-Peer Lending
Lend money to others through platforms like LendingClub and Prosper. You earn interest just like a bank does. Returns can range from 5%–9% or more — just watch out for the risks.
5. Do Affiliate Marketing
Share products online using special links. If someone buys through your link, you earn a commission.
- Amazon Associates
- ClickBank
- ShareASale
6. Start a Blog
Pick a niche (like cooking or travel), write helpful posts, and make money through ads, affiliate links, or sponsored content.
7. Rent Out Property
Buy a rental home or condo, and earn monthly rent. Use a property manager if you want hands-off income.
8. Let Others Use Your Car
Apps like Turo or Getaround let you rent out your car when you’re not using it. It’s like Airbnb, but for cars!
9. Launch a Paid Newsletter
Have helpful tips or insights to share? Use platforms like Substack or ConvertKit to start a newsletter and charge for premium content.
10. Start a YouTube Channel
Pick a topic you love, make videos, and earn from ads, sponsors, or affiliate links. It takes effort but can pay off big-time.
Bonus Passive Income Streams Ideas
- Rent out storage space
- Sell stock photos
- Create Canva templates
- Publish journals or planners
FAQs
Q1. How long does passive income Streams take to build?
A. Most methods take weeks or months before they become truly passive.
Q2. Can I start without money?
Yes! Affiliate marketing, YouTube, and digital products can be started for free.
Q3. Do I pay taxes on passive income Streams?
A. Yes, it’s taxable. You may get deductions depending on the income type.
Q4. What’s the safest option?
A. Dividend stocks and REITs are among the safest with consistent returns.
Final Thoughts
Passive income isn’t instant — but it’s totally doable. Erika Kullberg shows us that with a little planning, anyone can build income streams that pay over and over again. Pick one idea. Start now. Grow it slowly. Before you know it, you could be earning an extra $1K every single month.
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