Passive income is money that is usually (but not always) received regularly without any or only little effort. You either have to do much, in the beginning, to set up your passive income stream or/and you regularly have to invest at least a bit time, effort or money to maintain that income. There are thousands of best passive income ideas you can come across on the internet for earning monthly residual income. But we can filter these down to some easy passive income ideas and strategies that work.
Now, as we know, the coronavirus crisis has cost many their jobs. It has renewed interest in passive income ideas. There are many old and new passive income ideas and strategies that can generate a steady income for you and your family. Unlike the misconception, passive income ideas do require an upfront work to earn, like writing an e-book or building and monetizing a blog. Some passive income ideas—like investing in stocks or renting out a property—may take some work to get up and running, but they could eventually earn you money while you sleep.
