Updated February 13, 2015.
Want to make more money, but feel like you don’t have the time or energy to take on more work? Here are some passive income ideas to consider:
1. Use a Rewards Credit Card
If you’re good about paying your credit card off each month, use a rewards card for all of your purchases. It’s an easy way to earn a few hundred dollars (or more) each year, simply by buying the things that you’d buy anyway. To maximize your earnings, choose a card with one of the highest cashback percentages.
2. Get Paid to Shop
Need to buy something online? Go through a site like MyPoints, Swagbucks or Ebates, and get a percentage of each purchase back, in the form of gift cards or a check.
3. Maximize Your Interest Earnings
Move your emergency fund and savings account to a bank that offers a high interest rate. If you won’t need the money for a while, consider sinking it into a Certificate of Deposit, which usually pays more.
7. Rent an Antique/Craft Booth
Like to buy antiques at thrift stores and yard sales? Have a crafty side? Then, rent out booth space in an antique mall or craft boutique. Once you fill your booth, it should be pretty easy to maintain.
8. Get Your Car Wrapped
Have an eye-catching car and spend lots of time on the road? Allow a business to wrap your car in advertisements, and earn a monthly income from your daily drive.
9. Invest in Stocks that Earn Dividends
Build a portfolio of stocks that pay dividends, and enjoy quarterly or annual checks from the companies you invest in.