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20 Ways to Earn Passive Income With & Without Money

Passive income has become the talk of the world ever since COVID-19 hit, but it has always been around much longer than 2020. The good thing is that now we all know how valuable it is to have multiple streams of income. The bad thing is that now we have to make time to learn more about how we can build multiple streams. 

There are a variety of types of income you could earn, but one of the most desired ones is passive income because that is where you can make money while you sleep! 

Doesn’t that sound nice?! 

You can achieve that level of financial freedom, but the only thing you have to do is just get started! 

Once you take the leap to start working towards earning more money, it will get easier and will also start to open up opportunities that you never thought would come your way. 

If you are looking to increase your income, then keep reading to learn more about ways to earn passive income now!! 

What is Passive Income?

Before we jump into the variety of ways to earn passive income, let’s first talk about what this type of income is. 

Passive income is when you earn money with little to no daily effort. This may be from an asset, a product, or an idea! 

This doesn’t mean that you can get away with doing absolutely nothing and then automatically earning extra money. Passive income will take time and often times has an upfront cost before you see a profit. 

Some forms of passive income require absolutely no work at all in the long run, but it may have required a lot of time in the beginning stages. 

For example, a blog and a business requires a lot of time to be put into it to become a success. But once you create a system that works and maybe even hire on employees, you can be making thousands of passive income every month off of these!! 

You just have to figure out what YOU want to do and choose something you find interest in and maximize off of it!! 

Passive Income Ideas That Don’t Require Money

If you don’t have much money, you can still get your passive income portfolio started with these ideas that require no startup cost!! (depending on your skill level/expertise)


If you are great at writing, whether that be fiction, non-fiction, or mystery, you can get started today on writing and selling e-books! 

If you aren’t as much a great writer, another option is to create low or no content books such as journals, notebooks, and planners!

You can easily create these books in less than 30 minutes on Canva for free and sell them on Kindle for free as well! 

There are so many possibilities for creating books, you just have to find a niche that is profitable and start planning!! 

Digital Products

Whether you are tech savvy or not, selling digital products can be your new stream of income! 

You can sell digital products such as templates, printables, wall art, planners and so much more on platforms like Etsy and also on Instagram with their new shop feature! 

All you need is Microsoft Word or you can use Canva and sign up for their free plan!! 

If you don’t have a creative spirit, you can try to draw inspiration from Canva templates or just use the templates that are in Canva as a guideline on what is visually appealing to people! 

Affiliate Marketing

Affiliate marketing is a great way to dip your toe in passive income because it is easy to sign up and is simply just a referral! 

If you have a great following on any platform, you can casually state whatever you are using and the best part is that you will always have a discount code. 

Everyone loves a good discount and if you are supporting amazing products, people will be inclined to buy! 

So put your selling hat on and start signing up now!! 

You can sign up as an affiliate directly with a company or you can use a third party platform where you can search for a variety of affiliates.

A few examples of these platforms are Shareasale, Rakuten Advertising, and Amazon Associates

Youtube Channel

Youtube is a great option that you could start TODAY if you wanted to! 

There are so many Youtubers getting paid thousands of dollars a month from videos they have uploaded!! 

The only con is the fact that it does take some time to build up a following in order to monetize your videos, but there are many creators out there who don’t regret the time they put into Youtube because of the endless opportunities it brought onto them! 

All you need to start is a phone, a good video idea, and you can start your Youtube journey!! 

Print on Demand Store

Did you know that you can make your own products without having to deal with any shipping or packaging? 

It’s true!! 

You can create almost anything you want and sell it to the public! All you have to do is create a design and put it on a shirt, cup, necklace, or any type of apparel that you like!! 

There are a variety of platforms you could use to get started such as Printful, Printify, and Redbubble!! 

These platforms allow you to choose what kind of product(s) you want to sell and even provide a design station if you don’t want to utilize the free plan on Canva!! 

Here is an example of a design made on Printful in less than 30 minutes!! 

On top of that, these platforms also allow you to connect your designs to shopping platforms such as Etsy, Woocommerce, and Shopify!! 

The positive thing is that if you use Printify or Redbubble, they have their own search engine where people can search and find your product through keywords on that platform!! 

This is similar to Google, Youtube, and Etsy which makes it a lot easier for you to get customers outside of your own marketing! 

All you need to do is research some popular trends, create a design that relates to it, and start selling!! 

Digital Courses

It has become more popular to create digital courses when it comes to people who are selling information. 

Almost everyone on social media who has their platform to educate or teach people something also has a course they are selling! 

From how to build a website all the way to how to be a better YOU, there is a course out there for anything and everything!! 

If you have expertise in a specific area, maximize on it and create a course for others to learn from!! 

You can use platforms like Udemy and Skillshare to start selling your courses for free! 

You can always upgrade to other platforms such as Kajabi or you can always upgrade to a higher plan on whichever platform you choose once you get the hang of creating courses! 

Stock Photos 

You know those generic photos that you see on websites and ads that are used to supplement what’s written or just act as a filler for a piece of writing? 

Kind of similar to this one: 

A stock photo taken by Malaya Dean

This is called a stock photo and they are always in demand as there are many creators who need them to spice up their content! 

You can easily provide these types of pictures to the right consumers with just your phone!! 

That’s right… YOUR PHONE!! 

The best way to make the best profit is to find popular niches that creators are in and take pictures centered around that niche!! 

You can literally take a picture of a pile of leaves and get paid for it!! 

So, start brainstorming what you will take pictures of or simply start walking around and the inspiration will come to you!! 

You can directly sell your photos on platforms such as Shutterstock, iStock, Elephant Stock, and many more! 

Car Advertising

For this option, you would of course have to have a car, so if you don’t have one and are limited on money, you can put in this option on the back burner for now and try out one of the other passive income ideas above! 

If you’ve never heard of car advertising, it is basically like a billboard on wheels! 

It’s a marketing strategy to get more visibility for a business by wrapping a car in vinyl.

You can decide on how big or small you want the ad to be, but the bigger the ad, the more cash flow you receive!  

If you don’t mind driving around town with an eye-catching design on your car, then you should definitely look into trying this. 

Although this won’t make you millions, it could bring in a few hundred dollars for all the errands you run! 

A few credible platforms you can look at that are Carvertise and Sticker Ride

Passive Income Ideas That Require Money 

Now that we’ve covered ways to earn passive income without putting in any money, here are a few ways you can increase your income by investing your money first to get more in return! 


Blogging is a great way to create a passive income stream that could last a while if you build it the right way!! 

It’s important to find a profitable niche and create valuable and evergreen content that will be helpful now and in the years to come! 

There are many bloggers out there who make millions of dollars from their blog while they are traveling the world!! 

This could be you too, but you have to take into account that in order to build a successful blog, it will take a lot of work and patience! 

It’s a lot of work that you won’t get paid for at first, but if you create a great system and are authentic in your work, you will see a profit! 

Here is a youtube video that you might find helpful if you decide to start a blogging journey! 

Real Estate Investing

When you hear real estate investing, try not to think “I need to become a real estate agent” because these are not the same! 

By becoming a real estate agent, you are making yourself an employee and forcing yourself to make earned income.  

The goal is passive income and the way to do that is to invest into real estate by:

If you would like to learn more about each of these, make sure to click each link above to read about these strategies! 

The biggest thing about real estate investing is that it has high risk due to having such a large upfront investment and it doesn’t always guarantee money back if you haven’t done your research prior to buying a property. 

If you take the time to learn the ins and outs of real estate, you will make a whole lot of money!!

The amount of money you can earn is immaculate and you can start small even with just investing a small amount into REITs if you aren’t ready to invest in property yet. 

Investing in Stocks 

Majority of the richest people share that they invest in stocks and how investing into them has helped bring in quite a lot of passive income over the years. 

Similar to real estate, it’s important to do your research prior to taking this leap because with the right knowledge, you can make better decisions that will make your pockets happy! 

For example, Warren Buffet reads 500 pages a day on annual reports for businesses which helps him to better understand how well a business is performing which helps him decide what the best investment is for him! 

So, start browsing and looking for trends in businesses that you would potentially love to invest in!! 

You can always start off small on a platform like Robinhood or WeBull

On Robinhood, you will get 1 free stock after signing up and on WeBull you will receive 2 free stocks after signing up!! 


Dropshipping has recently become very popular and is a great way to start a business without having to do a lot of heavy lifting! 

How it works is you have a storefront that has a variety of products or just one product that is being sourced from a wholesaler. You set the price on your store higher than the wholesaling price and when someone makes a purchase, the wholesaler ships it out and your profit is the difference of the two! 

Source: Oberlo

The key to dropshipping is to find a profitable niche or product that is trending and create a store around that! 

For example, people love dogs so looking into popular products for small dogs would be something you could try! 

That was just for example purposes, I did no research on that so don’t take my word on it! But you get the idea!! 

Find something people will love and start a dropshipping store!! 

There are a variety of resources especially on Youtube that can help guide you on how to start your store and also automate all the tasks to where you are doing little to no work!! 

Renting a Room

If you have extra space in your house or even in your apartment, you can always rent out a room to help get some extra cash! 

You can either do this on your own or you can list the room as an AirBnb or for long term rentals you can post them on Booking

This could be helpful for anyone who doesn’t mind other people in their living space and is especially great for young adults who are figuring out life!! 

Oftentimes you rent with roommates when you are young, so why not sign a lease on a two or three bedroom apartment and rent out the other two bedrooms to where they will pay for the entire rent bill!! 

It saves you a whole lot of money to where you can put your extra cash into another passive income project!! 


Do you ever think about how many people go to laundromats especially in underserved communities? 

Although change is being put into these machines, it definitely adds up to a good amount of cash at the end of each month! 

You can even start small and buy one washer and dryer and find an apartment complex that is in need of one! 

This could be a great way to test the waters on how this may work for you!! 

The greatest strategy with this one is to figure out where the demand for laundromats are high!

Wherever that is is where you will make the greatest profit! 

And although the maintenance of the machines could be tedious, it’s nothing hiring a few maintenance employees won’t fix!! 

Starting a Business

I know starting a business doesn’t seem like it should be on the list, but I disagree! 

The beginning stages of a business take up a lot of time and will technically count as earned income and sometimes can be even less than that on some days as you will have to work long hours without getting paid for the extra time. 

But think about all the large corporations that are worth billions of dollars today… Amazon, Apple, Tesla, and even McDonald’s all have one thing in common… 

They all had to start as a small business! 

Through hard work and dedication, all of these businesses were built into successful corporations that bring in millions of dollars every year without the daily sweat from their founders!! 

So, although for some this may seem far-fetched, I am hopeful in the fact that many of us are capable of accomplishing the same thing, but most people quit before they can get there. 

You can do it!! Just start now, work your butt off, and watch how it pays off in 10 years! 

Storage Units 

There are storage units everywhere and almost everyone has one because we can never have too much space! 

Investing in a storage unit franchise or building would be a great way to bring in extra cash every month and similar to the laundromat, you can always hire employees to take care of the daily tasks to make it truly passive! 

If you were to have a storage unit facility with 100 units and charged $60 per month for each, you would receive $600 extra in income each month!! 

That is just an estimate on how much you could potentially make and although it’s not five figures every month, it is still money that you didn’t have to physically work for. 

Peer-to-Peer Lending 

Peer-to-peer lending, a.k.a. P2P Lending, is when investors help fund part of a loan for individual borrowers such as small business owners. 

This means you would directly invest into portions of loans and due to that you’ll get paid interest! 

How this works is you fund a portion of a loan, for example with $20,000 you can decide to put in as little as $20 or as high as $5000. 

Once you invest how much you would like to, you will then receive money based on the interest that the borrower is required to pay. 

On Prosper, they provide a great platform where you can easily invest into loans and choose what type of loans you would like to help fund based on how risky they are! 

They provide a scale system from A-E on which loans have a higher risk when investing, being that A is the lowest risk and E is the highest risk. 

A high risk loan is when a loan is provided to a borrower with a lower credit score which means it’s a higher risk for you as a lender because of the possibility of payments stopping. 

But the positive thing about high risk loans is that they result in higher payouts due to the risk being so high.

So you can play around with the platform Prosper and see what works best for you! 

Company Stocks

Did you know you could ask to invest in the company you are currently working for? 

It’s true!! Go ask your manager or the head of operations and ask about the options available to invest in company stocks!! 

For example, if you work for a big corporation such as Amazon or Nike or even work for a smaller business, you can always try to invest if you are interested. 

It’s similar to investing in stocks, but instead you are directly putting money into the business! 

So, schedule a meeting with your manager or send an email out and ask about what options you can look into!! 


Did you know that you could purchase or rent ATMs to bring in some extra cash every month? 

It’s true, you can have one or many ATMs in front of convenience stores or near a high traffic area and start a new source of passive income! 

The downside is the upfront cost that you would have to put into buying or renting a machine and also funding the ATM for customers to make withdrawals. 

But, the positive side of this is that the average amount of transactions an ATM gets a month are 300. And with the $2-$3 fee you would charge the customer for utilizing the ATM, you could make on average $600-$900 extra per month! 

Some ATMs get even more transactions, such as machines at 7Eleven receive about 6,000 transactions per month which means those ATMs are bringing in $12,000-$18,000 per month!! 

If you are interested in investing into ATMs, here is an article you could read that goes into the types of machines you could buy and how you can get started! 

Vending Machines 

Similar to ATM machines, vending machines are also a great way to get your feet wet with some passive income! 

Depending on what you are selling and where you are selling at is the biggest part of making this profitable!! 

For example, a vending machine placed in an employee break room for a business would be a great location as many workers would be tempted to get a snack or a drink during their break (I know I have, even on days when I told myself I wouldn’t). 

Or, putting a machine in a community center such as a Boys & Girls Club would be great too because we all know kids love to spend their parents money on yummy treats! 

There are also other options like switching up what you are selling in the vending machines. 

Traditional vending machines have sold snacks and drinks, but lately it has become popular to sell products too! 

For example, at a dog park, I have seen a vending machine with dog treats and toys! 

Isn’t that so creative?!?! 

The possibilities are endless! You just have to brainstorm what would be the best fit for you and what would be profitable!! 

That is all 20 passive income ideas that you can start to help increase your income!! 

Have you tried any of these? If so, which one(s) and if you haven’t which one(s) caught your eye?

Let me know your answer in the comments section and let’s discuss your wealth achieving dreams! 

If you enjoyed this article, please make sure to share it with someone who you think would find it helpful and also share it on your socials!!

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Passive income isn't as hard as you may think it is. You can easily grow this type of income stream starting today! Click here to learn 20 ways to earn passive income this year!

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