We are not responsible for any actions taken by users of this site. I have heard of freelance writers making anywhere from $75 for a short, 300-word blog post, Bookstime to $1,500 for a thorough, 1,500 word article. And honestly, I’m sure there are people that make way more than that per piece.

• Mastering YouTube can help learn how to attract an audience and monetize your channel.
• Like any other hustle on this list, however, your first step is just getting started.
• Private real estate investing has so much potential for those of us who are willing to take a calculated risk.
• Interested side hustlers can help students with regular school work, test prep, college applications and more.
• Modern business owners would jump for joy if they could earn 100% in profit without any upfront costs.

Money And Your Mind: How Your Thoughts Shape Your Financial Reality

Photos could be shots with models, landscapes, creative scenarios and more, or they could capture real events that might make the news. But just like with designing a course, a lot how to create a second stream of income of the value comes when you add more e-books to the mix, drawing in more customers to your content. Well, over 8.2 million users are doing exactly that using Acorns, one of the most popular micro investing apps among millennials.

Top 10 Websites to Sell Photos Online in Canada for 2025

The Millennial Money Woman may have financial relationships with some of the companies on this site. We are not responsible for any actions taken by users or our partners. Just keep in mind that your fees are much higher (2.25% for the starter kit) than if were to invest in a low-cost index fund in the S&P 500 (typically around 0.10% or less). According to this chart, from Vinovest, fine wine has consistently outperformed the Global Equity Index for the past 15 years, which includes market downturns (like 2008). So, just make sure you do your thorough research before committing to the fine art market. You typically earn a much higher interest rate than with brick-and-mortar banks.

Affiliate marketing

• Another way you can make money taking photos is by selling photos of your feet.
• Creating multiple income streams can also be a great way to boost your creativity.
• You typically earn a much higher interest rate than with brick-and-mortar banks.
• To get started, you’ll have to be approved by the platform, and then you license your photos to be used by whoever downloads them.
• However, it is hard to value and can depend solely on the reputation of the artist.

That’s when the additional income stream of a second job can really pay off. Many websites are willing to pay consumers to take online surveys. By earning in multiple ways, you’ll still have money coming in even if one of your sources of income is affected. Making handmade products like bracelets and home decor is a great way to relieve stress.

• Royalties are payments made to creators for each sale of your book, music, public performance, etc.
• Paid surveys can be an easy way to earn money when you’re just chilling on the couch.
• But if you’re up to the challenge, real estate is a good way to diversify your income and develop a steady stream of cash flow.
• While REITs (real estate investment trusts) do offer higher returns than farmland investments, they have also experienced more volatility over the years.
• Passive income is a great way to supplement your salary and build wealth over time without much ongoing work.
• In fact, American households that classify in the wealthiest top 10% of the country own about 89% of all US stocks.
• Most podcasts need to have around 10,000 downloads per episode to attract a sponsor.

How to get started with setting up your own different sources of income

They offer a convenient way to connect with potential renters, handle payments, and provide insurance coverage, ensuring a secure transaction for both parties. Money grows money – so find saving options with high dividend returns and park a percentage of your salary there every month. If you want to outright sell your invention, sites like Invention City can help you get started. Depending on the deal you strike, you can passively earn a percentage or payouts from the income generated through your idea once it’s on the market. Many creators scale passive income from digital assets by selling kits, printables, files, and other materials professionals can use. Digital products can be a source of passive income because the work is front loaded and profit margins are high.

Best Passive Income Investments & Ideas that Work in 2025

You’ll need to keep filling your profile with content that draws in your audience, though. And that means continuing to create posts that grow your reach and engage your followers on social media. In addition, real estate is typically funded with high levels of debt financing, making it more susceptible to any economic downturn. You’ll also want to understand how long your unearned revenue money will be locked up in the investment and when you can access it, especially in an emergency.

This article may not be reproduced, distributed or further published by any person without the written consent of City National. Public speaking can be very lucrative for well-known speakers, but most people aren’t well-paid at first. However, as you build your brand, public speaking can become more lucrative.