If you’re interested in earning passive income online, there are more options available than ever before. This list of passive income streams in 2022 will help you find the right type of business to pursue, and provide some insight into how to start your journey successfully. Whether you’re looking for something simple and easy or something that will take a lot of time and effort, there’s an option here for you!
As compared to year 2021 and 2020, there are many people who are looking for passive income. Could be the impact of Covid-19 Pandemic which started in the early 2020. People are scared about losing their full time job or business; this is the reason why many of them are focusing more on getting a passive income and making it as full time career.
Passive income jobs
High-paying positions aren’t hard to come by, especially with a STEM degree or multiple years of experience. If you are looking for well-paying jobs that you can work from home or anywhere, here are some of your best options: Computer and Information Research Scientists : Computer and information research scientists design computer systems that store, retrieve, and manage information.
These professionals identify complex problems to solve and analyse client data using extensive computer knowledge. They also test computer hardware, software and prototypes to make sure they function correctly. At an average salary range of $83,000-$117,000 per year, these jobs offer excellent pay but will require a degree as well as years of industry experience.
Passive investment ideas
Investing is one of our favourite passive income streams, but when it comes to actually investing your money, we understand that’s not everyone’s cup of tea. If you’d rather not make your own investment decisions, then a robo-advisor like Wealthfront or Betterment could be right for you.
And yes, before you start lambasting us about how much we’re paying for Wealthfront and Betterment (we pay 0.25% annually), note that we’re getting advice from financial advisors on how to invest our money; plus, these services are cheaper than hiring an individual financial advisor.
Investing in stocks and share has become history, the new trend is cryptocurrency (digital currency). People have started investing in cryptocurrency like Bitcoin, Dogecoin, Ethreum, etc. The cryptocurrency list is endless! If you want to know which are the best cryptocurrency which will benefit you in future, click here.
Passive business ideas
Passive income, also called residual income, refers to income you earn while doing nothing. It’s money that keeps flowing in without you having to work directly for it. You can earn an active or passive income. Active-income methods are things like selling your time by walking someone’s dog or driving for Uber (or even on Upwork!). Passive-income methods are things like investing in a rental property and collecting rent checks. Passive-income ideas can feel risky because they tend to require more start-up capital than active-income methods, but don’t worry; there are plenty of them out there.
Other passive business ideas are, starting your own online T-shirt store or start an affiliate marketing with Amazon or E-bay. I started my own online business by joining Hostinger Affiliate program, at present it is one of the best Affiliate Marketing Platform. Till date I have earned more than $8k in the last 2 years.
High-return passive investments
Are you putting your money into a guaranteed high-return passive investment like index funds? Over time, only an exponential growth of earnings can beat inflation. Therefore, inflation-beating investments are not only riskless but also represent a great way to achieve financial freedom.
By turning your savings into an investment that generates returns higher than inflation level (which averages around 3% per year), you’ll be able to build yourself a nice nest egg and still be able to live your life (as opposed to working forever). In fact, almost every millionaire out there has built their wealth through investing.
Passive Income Ideas – Examples from Real People
In addition to launching my first novel and becoming a full-time freelance writer, I’ve also been supplementing my income with several side hustles. Here are a few of them: YouTube – It only took me $100 and two months to start earning money on YouTube. I make between $2,000 – $3,000 each month from my videos alone. My channel is solely dedicated to teaching people how to get started working from home as an online freelancer.
Check out some of the YouTuber who are making millions from their YouTube channel. They will keep earning for the coming years from their videos, they need to just sit and relax!
Side Hustle 1: Freelance Writing and Copywriting – Working for myself allows me access to multiple types of income streams.
Apart from making youtube videos, the other best passive income idea is to start a blog website. Through Google Adsense you can easily earn money for years. I have been earning from blog from past 7 years. And, you never know if your blog goes viral, you have a chance to earn millions in coming years.