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5 Passive Income Ideas 2022 | More Money, Less Work

Passive Income Tip: While there are dozens of ways to earn passive income, from building a mobile phone app to owning a vending machine, let's stick to the passive income models at the top of the list of the best money-making opportunities. (thestreet.com)

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A complete passive income strategy for five ways to make money. Learn how to make $500 a week without working and the ideas to do it! Don’t miss the wealth creation series right here. https://www.youtube.com/watch?v=TN8FELyIn8M&list=PLjsZ3KrTlZoxGOBmxuMtVThfa_1-JLmjd&index=1

There may not be a way to make money that doesn’t involve any work at all but I’ve found five passive income ideas that are as close as possible to easy money with no work. I’ll rank all five of these residual income ideas on how easy they are to get started and how passive the income is after setup. I’ll then show you how to make each even more passive.

Don’t miss the first video in our wealth creation series, revealing the millionaire mindset and action steps you’ll need to make money! https://youtu.be/TN8FELyIn8M

I’ll start with YouTube and you might not think it qualifies as a passive income idea but I’ll show you how I make over $5,000 a month on videos created years ago. It may not be the most passive of the five income sources but it’s the highest potential to make money.

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I’ll share Crystal’s story on making money on Etsy and how she’s turned just a few hours a week into hundreds of dollars a month. She still has to complete the orders she receives but it’s money she makes in her sleep and it’s all on a business less than a year old.

Selling courses is the most passive of the group but also the hardest to get started. I’ll reveal the strategy I used to create three courses that make thousands a month.

In the fourth passive income strategy, I’ll detail how I make over $10,000 a month with affiliate marketing. I’ll compare this income idea with Amazon Affiliates to show you the tricks in each to make them as passive as possible so you make more money with less work.

No matter which passive income idea you decide to start, you won’t want to miss the five rules for making money. These rules will apply to any passive income strategy and will not only help you make money but will help you make it while you sleep.

First is to get started and not wait until you’re ‘the expert’ to start sharing your knowledge. Some of these income ideas take a little while to build up so you want to get started as soon as possible. You also want to focus on multiple income streams, not just relying on one. The business ideas that make the most money usually take the longest so it helps to have a few other income ideas to pay the bills.

0:00 How to Make Passive Income in 2022
1:38 The Truth about Passive Income Ideas
3:12 Can YouTube be Passive Income?
16:17 How to Make Passive Income without being an Expert
10:30 How to Make Money While You Sleep with Etsy
15:53 My Favorite Passive Income Idea
21:11 My Biggest Income Source
24:49 How to Make Passive Income from Amazon
27:45 5 Rules of Passive Income Businesses to Make Money

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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