Step 1 , plant money tree

What skills do you have? That’s a huge factor. I’m a web developer. I taught myself how to code. And with that I sold websites as a subscription to small businesses. $0 down $150 a month. I make $6500 a month in recurring passive income that I don’t have to work for. I do less than 10-15 hours of edits a year. It takes me about 4-6 hours to set up a site from start to finish, I have SEO and ads and marketing people who handle that aspect of the service and they work directly with the client so I don’t have to do anything. It’s chill. So that’s one avenue. I’m hoping to be over $7k a month by the end of the year. And by next year I’d be happy with $10k a month. The hard part is learning to code, learning how SEO works, what makes a good site versus bad site, how to sell, etc. lots of things to figure out and learn. But that’s the thing though. It takes effort. It’s not something you can just turn on with no work involved. True passive income is achieved through non passive effort and set up. So don’t look for any get rich quick schemes.

You need to have a business idea, your brain doesn’t work to make ideas yet. What I did was every single day for a few months I came up with at least three ideas every single day. It doesn’t matter how stupid the idea is, you need three everyday, no matter what. If you do this for a while and look back at your ideas and reflect, you’ll start to realize what you can realistically do and how possible your ideas with your budget and with your time. You need to dig a little into each “good” idea until you hit some walls that make you understand your limitations. Money is pretty often a big one, also know how in the field that you’re interested in. If you don’t know shit about what you’re doing it’s going to be difficult to realize the goal.

Either way you need three ideas every single day, write them down, and soon enough you’ll find one that works.

I have a great course on it.

It’ll be the guide you need to make money passively for life.

No skills needed

Doing a reddit promo, only $99/mo/ in perpetuity

I’m not sure what you think of “passive income” is

You need to create something that would be sold, either that or a scam

High interest savings account. That’s as simple as it gets.

Passive income is often defined as income acquired with minimal effort.

IRS says passive comes from rental property or royalties or stock.

So, I’d say the simple ways would be to buy stock, buy interest in a franchise company, or become a slumlord.

Find a Sugar Daddy.

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What skills/interests do you have? The concept of Passive income (I can sit back and do nothing and let the money roll in) is really a fallacy. It takes a lot of hard work to establish a successful business and then you can find someone to manage what you have built.