Weekly passive income ideas
Episode #18
May 5, 2024
Episode #18 is here. Here are the best and most interesting passive income ideas, tips, and content shared from the past month around the web.
Most recent episodes:
Best content of the past several weeks:
The best Twitter (X) threads
Grow some cocoa! This guy walked the walk. Growing high value plants can be very lucrative (no, not the illegal stuff).
@TheDevinSwan shared 100+ passive income ideas with associated no-code platforms.
@garyseconomics shares via a YouTube video his thoughts on passive income. Rambles at the end but good overall message. Become an asset owner by either building it or buying your way into it.
Those making $1M/yr generally have income from these sources: capital gains, interest, and rent. Figure out ways to do this for yourself.
Best Reddit posts
Passive income is possible. Lots of people have generated passive income for themselves. This redditor gives a couple personal examples and highlights that you have to build something people will pay for.
Online casinos pay you a reward for logging in. This person created an app that will log in and collect the reward for you. Brilliant. This guy also made a browser extension that does the same.
One redditor encourages young guys to focus on building your skills and money so eventually you're in a position to actually build passive income.
Here's a playbook of how this person creates passive income through stock investing (high dividend ETFs).
Here are some ChatGPT prompts to make money.
Best Tiktok videos
Resell restaurant reservations. Not exactly passive income but super creative! Here's another video about the same thing.
Ride the trend. Remember the solar eclipse? Sell solar eclipse glasses. This summer, think of other things to sell. I think he's selling something tho so just be inspired by the idea and forget whatever he's selling.
This guy goes from start to end of how he succeeds with print-on-demand.
Sell $20k+ on Etsy. The key is product research, trends, and nailing the mockup.
E-books still work. This person explains how to write and produce your own.
Start your own ghost kitchen. Good idea but you do need a decent amount of capital to do this. Do your own research for your own city and state (if you're in the US).
Make videos for Amazon. Become an Amazon influencer. Make recurring income from them.
Let me know if any of the above sparked an idea or inspired you.
Keep working toward your goals. It's possible. You can do it.