This is the most common question we hear,
and, and, and
Can you believe it? This is one of the highest searched keywords on google.
We’ll keep adding new ways to this page so go ahead and bookmark it. And please do share your own ideas in the comments!! I have noticed here that people have this question always on their mind, but they have no clue where to start, and in this article, I want to cover the basics and then help people navigate their way to make some money online.
Before we dive into the various ways we can make money; it is important to understand the various income types.
- Active Income: Income made from a full-time job or business, usually where we participate and put in a lot of effort. For example, a job or income from your business.
- Passive Income: Passive income streams allow you to make money without being there and putting in a lot of effort—for example, rental properties, Income paid from bank deposits, rental income from real estate/property., royalties from writing.
- Portfolio Income: Portfolio income is income from investments, including dividends, interest, royalties, and capital gains.
What is a side hustle?
A side hustle is any job undertaken in addition to someone’s full-time job. For example, if you work as a software developer and do day trading, your day trading is your side hustle. Few side hustles are freelancing or piecework in nature, providing some extra cash in your pocket.
I have seen many students asking me this question on my Instagram page, and here is something I would like to teach them.
How to make a passive income?
There are several ways to make money as a side hustle. You can basically do anything under the sky to make some extra cash. You can babysit kids or take care of someone’s dog or Freelance a skill.
I found a very interesting article for students to make some money while studying at a university. Savethestudent.com has listed 40 easy ways for students to make money. If you are interested in knowing how to make money without spending a dime, here is an excellent article from balancesmb.
Here is a list of links that have some excellent resources for making money online