Generating passive income actually takes a fair bit of effort. But if you are smart and a little bit lucky, it does not have to take as much time as your day-to-day job. Earning regular cash flow from passive projects is possible, but regardless of what side hustle you choose, you are going to need to put in some work (and, sometimes, capital) up front. And you should be prepared to adapt if things don't go your way right away.
"If you're not riding the wave of a trend, it's going to be a lot harder," said Rachel Jimenez, an entrepreneur whose side hustle earns her $10,000 per month and who runs Money Hacking Mama. “When you first start and stumble, it might not work. And, if you just give up and never try again, you're destined to fail. But if you keep putting yourself out there, every failure you have will teach you something if you allow it to. Eventually, all those learnings will line up and you'll have an 'aha! moment.'"
Thinking of giving a passive income side hustle a go? Here are some of the top ways to earn some extra cash.
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