35 Ways to Free Yourself from Trading Time for Money!

31 Ways to Free Yourself from Trading Time for Money!

decided to write an article about the best ideas to make passive money online. 31 Ways to Free Yourself from Trading Time for Money!

Therefore:

Most of the “bad financial ideas” ads are just repeating the same idea—for example, opening high-interest loans. And yes, it will give you passive income, but I think you are looking for something else.

In this post, we will learn about trading time for money!

Show me my own passive income.

Share some financial strategies you can use today and back them up with real-world examples.Leave four types of negative income and why it is important to start creating them today.

Done?

Let’s jump inside:

1. Earn affiliate commissions

I started affiliate marketing in 2004, and it has been a major part of my income ever since. How Affiliate Marketing Works I get paid for referring clients and potential customers to certain products and services.

My first business partner was a shoe comparison site. It helped people get a better price on their next pair of shoes and benefited Zappos and other retailers when people shopped. After I created the site, I received this scholarship even though I was often sitting at the computer or not working. Here are my various daily collaborations.

Even today, affiliate marketing is a very important source of income for me. This site (and yes, this post too) has many links to products, apps, services, and software that I believe my audience will find useful.

Here is an example (above) of an income statement in a joint venture. However, he earned more than $40,000 in his career during his career. Out of the frame!

For more money, check out these articles:

2. Write a book

It’s never been easier to create your own book and sell it on Amazon.

I received my first author royalties in 2012 and have published several titles since then. This is one of my favorite side hustles and one of my passive income streams. Reserve one book at a time and get monthly or yearly costs every time it sells!

During my life as a professional writer, my books have grossed over $75,000. If your book is priced between $2.99 and $9.99, you will receive a 70% royalty. In this case, it is 35%.

For every Kindle book you write, it makes sense to have both a paperback and an audiobook. Fortunately, Amazon makes it very easy with its KDP publishing services and ACX, an audiobook exchange.

3. Buy dividend-paying stocks

Investing in income stocks helped me get to the bottom line and enter the market. (I’m the one who always thinks we should!)

My main strategy is to buy stocks in companies with a long history of paying dividends and growing the dividend. These include brand names such as Target, Chevron, AT&T, and Procter & Gamble.

Old “boring” companies may not have explosive growth, but they are steadily raising money. Over the last few years, I have slowly grown to over $2000 a month. Consider a service like M1 Finance’s high-end brokerage to get you started.

You can exchange items for free or choose one of their pre-made files. (This is an example of integration; I get paid in M1 if you create an account.)

4. Sell an Online Course

In 2014, I created an online video course on Udemy on how to read Kindle non-fiction books on Amazon. He raised $3500 in the first two months and has been making steady sales ever since. The total is now over $25,000!

All I have to do is respond (at least) to the students’ questions or comments. This again falls into the “build something once and sell it over and over again” model.

What did you learn? Think about the requests you receive. What do you know more than the average person?

With services like Teachable, creating and selling online courses has never been easier. This can drive a premium price ($100-$2000 or more) and will allow you to treat more people than you could in one session.

Over the years on The Side Hustle Show, we’ve seen people get involved in online affairs for almost anything you can imagine. Some more sophisticated research methods include:

  • Piano
  • Microgreen farming
  • Baked sweets
  • Preparation of the fire
  • Dress in the morning.
  • And so much more!

How do customers find you? If you don’t have an audience, one way to try is the evergreen YouTube webinar model that Nate Dodson describes in this episode.

5. Buy Part of a Rental House

Investors compare actual rental prices across the country. The site allows you to buy real estate for as little as $100 and earn a monthly income by paying rent.

Many of my friends have purchased several properties through this easy-to-use website. I appreciate the difference between REITs, but if building real estate is your long-term plan, these guys can help you—one house at a time.

6. Collect ad money from YouTube

Once you have over 1000 subscribers and meet certain requirements on your YouTube channel, you can advertise and start earning.Recently, that was about $500 a month.

And of course, it takes time to create videos, but once uploaded, they can bring you income for years, as some do.

7. Sell printables

If you are not living on a mountain of passive income, the good news is that there are still many ways you can generate passive income.

In fact, I think it’s important to spend some time researching this. As your buildings start to pay off, you can gradually reduce the amount of time it takes to trade for cash.

One of these income strategies is selling prints through a platform like Etsy. Side Hustle Show guest Rachel Jones reports that this digital file is selling for up to $10,000 a month!

(Choose meal plans, meal plans, decks, budgets, etc.)

8. Let banks give you free money

Rewards credit cards are my favorite idea because I earn them by spending the way I always feel. In our house, this campaign is worth hundreds of dollars a year in cash back, free Amazon gift cards, and travel.

The magic really happens when you take advantage of a new card signup bonus. You can get the equivalent of 20%, 30%, 40% cash back, or even more on travel expenses or loans.

Here is a very simple example:

Related: Credit Card Rewards 101: How to Get Free Credit and Spend It Smartly.

9. Get Easy Cash Back

In addition to credit cards, I use many cashback apps to get “cash back” every time I shop.

These include:

Save Store is a free browser extension that helps you find great deals and coupon codes when you shop online. (Even if you don’t pay with Capital One.) Plus, you’ll get rewards that you can redeem for gift cards. Disclosure: Capital One pays me when you buy a Capital One product through my link.

Earn Rewards: Scan your shopping receipts with the free Fetch app to earn cash back at 250+ marks. Not 100% disabled, but very sick.

DOSH: Connect your bank and credit card and get automatic cashback at shops and restaurants.

10. Share your data

Although not a huge moneymaker, this simple money-making idea can add up to $200 or more per year. I thought that since I probably already gave my information to “big tech” for free, it would be nice to pay for it.

For example, I made $17 in my first few months at Tapestry. The app automatically rewards you for tracking your location and visiting specific stores.

Other passive income strategies in this category include:

  • Nielsen Desktop and Mobile Dashboard: Earn up to $50 per year by sharing your online habits.
  • MobileXpression: Get a free $5 card after your first week.
  • Connect: Earn up to $5/month per device (PC, tablet, and smartphone).

Miles: Earn “Greelde Flyer Miles” for all your travel (walking, driving, cycling, etc.). Check out our full Miles app review to learn more.

11. Sell a digital product

A few years ago, I decided to sell my book on Fiverr. I think this will be another interesting “button-button” platform to try. Of course, people buy it. And indeed, they keep buying it. Fiverr isn’t in the spotlight these days, but overall, I’ve made over $13,000 on the site since late 2013.

(Full disclosure: A good portion of this income is not laughing; I sell book editions and watch video websites in addition to my digital products. (Over the years, Fiverr has become a free platform. .)

Likewise, Judy Carlson reportedly makes over $5,000 a month selling digital career advice to young women leaders. He started a blog to document the work he did with his researchers, mostly for himself and other local leaders.

Before long, military leaders across the country found their websites through Google and Pinterest. He emailed them and asked what he thought. That’s when Judy started writing her work instructions in PDF files.

He posted it on Teachers Pay Teachers, a site for buying and selling lesson plans, and made several sales in the first week.

12. Make product review videos

If you’re accepted into the Amazon Influencer Program, you can earn money for creating short video product reviews.
Instead, Amazon displays it on relevant product pages and rewards you with a commission when someone makes a purchase after watching your video.

I made over $700 doing this in my first few months, with very little effort! (After charging, it is completely passive.)

In addition, I contacted other lace farmers who earn $2000 per month and shared their opinions on Amazon products.

13. Create print-on-demand designs

It is a small, low-cost investment that can generate some income. In our family, selling merchandise on Amazon is a fun side hustle and earns us about $60–200 a month.

How it works You pull up a custom t-shirt (and now other products) for Amazon, and the e-commerce company does the rest. Upon request, they will be printed according to the selected size and color and sent to the customer. You get the difference between the price you enter and the printed price.

Our best month is over $500 in revenue, which I think we can market more if we spend more time developing new models. (This hasn’t happened since Little Hustler #2 also came out.)

For more information on getting started with Amazon products, check out episode 216, where my guests made over $50,000 in profits just doing this.

14. Buy commercial real estate

Mutual funds are a great “alternative” way to invest in real estate.

With a minimum investment of $10, you can start building a portfolio of pre-owned products. I have been investing in them since 2015, and they have been paying dividends every quarter so far.

(Disclaimer: I get paid when you sign up. (All opinions are my own.)

See my review of Fundraise for more details.

15. Earn more interest

US Treasury bonds are now paying 4.3%! The process of buying these savings is a bit complicated (it’s the government—is anyone surprised?), but the headache of protecting against inflation is well worth it.

People can buy these annual calendars for $10,000. You can redeem them after 12 months, but you’ll lose 3 months’ interest if you don’t hold them for at least 5 years.

Compared to interest rates elsewhere, this is a significant increase. For example:

  • Our mutual fund earns 3.5%.
  • High-Yield CIT Bank Fees: 4.5%.
  • Our free checking account with Chase charges 0.01%. What is the truth?

16. Make short-term real estate loans.

At Front, you help flippers finance their purchase and repair costs. In return, you get 6–9% passive income from your investment.

The biggest advantage compared to other peer-to-peer loans is that the loan is backed by real estate. This means if the borrower defaults, you have one interest rate, such as foreclosure.

They are short-term loans, usually 1 year or less than 3-5 years.

17. Play the Substitution Game to Save Money

I recently switched to Mint Mobile, which operates on the T-Mobile network, for my cell phone. If you pay in advance, it’s only $15 per month.

Compared to my previous carrier, Ting, and my primary carrier, Verizon, this represents a savings of $180–500 per year.

Likewise, if it’s been more than two years since you last bought car insurance, you’re paying too much.

Check out Insurify for a quick and easy car and home insurance comparison. It only takes a few minutes, and customers report an average savings of $489 per year!

What other monthly costs can you reduce by talking to your service provider, or have you purchased similar services?

18. Refinance or Pay Down High-Interest Debt

According to NerdWallet, the average household has debt:

  • $6500 in credit card debt
  • $27,000 in car loans
  • $46,000 in student loans

If you are currently paying interest on the house, I recommend eliminating the monthly debt before looking at these other ideas.

19. Flip Raw Land

To be sure, this fundraising strategy is a work in progress, but to be successful, you’ll be making money for years to come.

The simplest idea, as explained by Roberto Chavez on The Side Hustle Show, is to buy an undervalued parcel of land at a discount and then sell the house on a monthly payment plan.

20. Rent Out Your Extra Stuff

Your Car

On average, a car sits for around 22 hours a day. What if you could turn the time you don’t need your car into money?

That’s the promise of peer-to-peer rental companies like Toro and Getaround. These sites make it easy to book your car rental, set your rate and payment, and handle all the insurance.

Some of my friends were enough to pay the price of Tesla! Along the way, they picked up some ideas to maintain their “fleet” and reduce their time.

Your RV

The “downtime” statistics for RVs are even worse than for cars. Having a car parked in your side yard will give other families the confidence to take it for a ride.

Websites like RVShare offer peer-to-peer comparisons and insurance deals. Prices range from $150 to $300 per night!

Your Boat

Sites like Boatsetter and GetMyBoat allow you to rent out your boat to landless friends. A quick search of nearby boats yielded many results at prices ranging from $230 to $950 per boat. Old!

How long have you been out in the water?

Your Stuff

There are many thrift stores that help you save money on things you rarely use and help consumers buy things they don’t really need.

Babyquip is a popular platform that rents out quality equipment for traveling families. Members have an average monthly rental income of $600.

Meanwhile, FatLlama breaks out with the slogan “Airbnb for your good.”

21. Subcontract a Service Business

Chris Schwab started the cleaning business while still in college. In less than two years, it grew to $60,000 a month—while not sweeping floors or dusting shelves.

Despite several competing cleaning projects, Chris felt there was still time. They found this by looking at Yelp reviews of existing cleaning businesses.

He said no one complained about personal hygiene. “What people complain about is customer service. They don’t know when employees are going to show up. They can’t get an estimate; no one answers the phone. I realize I must be working.” Having the choice to find the ideal person to really work. “

Since then, it has also outsourced most of its customer base. When we realize that it only takes a few minutes a day to create a business plan,.

22. Buy Part of a Farm

Invest in American land with AcreTrader, starting at as little as $5000. Since 1990, investment in agriculture has achieved an annual return of 11.5% (according to the website).

The AcreTrader crowd funds active farm purchases and then gives them back to active farmers. Entrepreneurs get funding in two ways:

  • Appraisal of land in case of future sale
  • Annual rental payments to farmers
  • The company aims for an annual dividend in the 3-5% range.

23. Buy a Cash-Flowing Business

Since half of all new businesses fail within the first 5 years, it may make sense to buy a business that is already successful.

You can use resources like BizBuySell to find options near you. Expect to pay 2-3 times the annual income of the purchase price, but you can often pay up to 90% of the equity on an SBA loan.

My friend Cody Sanchez talks to me on the podcast about the advantages of buying a business versus investing in real estate, and he teaches a course on the subject called Buying the Unconventional.

24. Flip Raw Land

To be sure, this fundraising strategy is a work in progress, but to be successful, you’ll be making money for years to come.

The simplest idea, as explained by Roberto Chavez on The Side Hustle Show, is to buy an undervalued parcel of land at a discount and then sell the house on a monthly payment plan.

25. Buy a Cash-Flowing Website

As far as I can confirm, blogs and websites can generate a good income without your direct involvement. But you usually can’t keep it long before your income runs out.

Things break, content needs to be refreshed, and Google rankings are constantly changing.

However, if you’re web savvy, you’ll love this interview with Stacy Caprio. He bought enough money in the form of existing websites on the Flippa Marketplace to quit his job.

26. Rent Out Your Extra Stuff

Your Car

On average, a car sits for around 22 hours a day. What if you could turn the time you don’t need your car into money?

That’s the promise of peer-to-peer rental companies like Toro and Getaround. These sites make it easy to book your car rental, set your rate and payment, and handle all the insurance.

Some of my friends were enough to pay the price of Tesla! Along the way, they picked up some ideas to maintain their “fleet” and reduce their time.

Your RV

The “downtime” statistics for RVs are even worse than for cars. Having a car parked in your side yard will give other families the confidence to take it for a ride.

Websites like RVShare offer peer-to-peer comparisons and insurance deals. Prices range from $150 to $300 per night!

Your Boat

Sites like Boatsetter and GetMyBoat allow you to rent out your boat to landless friends. A quick search of nearby boats yielded many results at prices ranging from $230 to $950 per boat. Old!

How long have you been out in the water?

Your Stuff

There are many thrift stores that help you save money on things you rarely use and help consumers buy things they don’t really need.

Babyquip is a popular platform that rents out quality equipment for traveling families. Members have an average monthly rental income of $600.

Meanwhile, FatLlama breaks out with the slogan “Airbnb for your good.”

27. Subcontract a Service Business

Chris Schwab started the cleaning business while still in college. In less than two years, it grew to $60,000 a month—while not sweeping floors or dusting shelves.

Despite several competing cleaning projects, Chris felt there was still time. They found this by looking at Yelp reviews of existing cleaning businesses.

He said no one complained about personal hygiene. “What people complain about is customer service. They don’t know when employees are going to show up. They can’t get an estimate; no one answers the phone. I realize I must be working.” Having the choice to find the ideal person to really work. “

Since then, it has also outsourced most of its customer base. When we realize that it only takes a few minutes a day to create a business plan,.

28. Set up a drop-shipping store

Dropshipping is a form of e-commerce where your supplier ships goods on behalf of customers. As a seller, you don’t have to buy items if you don’t have a buyer. Your profit comes from the spread between the selling price and the selling price negotiated with your supplier.

On one of Side Hustle’s most popular shows of all time, Renee Delgado shares how she sold $300,000 in flipped homes in her first year as a thrift store owner.

While building a website and maintaining good relationships with suppliers is a lot of work, drop shipping can be impossible.

29. Rent Out Your Extra Space

You may be familiar with Airbnb and similar sites where you can exchange another place in your home for an additional fee. Check out the calculator on their website to see how much you can earn.

It becomes ridiculous if you have other products and hire a third party to manage your specials, guest communications, and maintenance.

But if you don’t want to deal with an entire audience, it might be worth watching the side stage. Buurman allows you to store extras for people where you have room for them.

This is the expected monthly income after the initial launch. Some homeowners make up to $10,000 a year from their small businesses.

See our neighborhood map for more information.

30. Set Up a Vending Machine

Vending machines are one of the oldest methods of making money. They are robots that collect money when you are not around!

The challenge is managing inventory and maintaining systems, especially if you have multiple locations. However, the thought of returning to the machine to see its full value is very motivating.

For more information on how a vending machine business can work, check out my interview with Matt Miller, whose last bill started with just $36 and a bag of gumballs.

31. License Your Work

Licensing products is a great way to monetize your ideas and let others do the work.

For example, Nate Dallas and his brother split $300,000 in royalties from a Pictionary-inspired card game they licensed to Mattel.

The duo (dentist and technician) didn’t have to design, manufacture, or sell it, but they found someone who could, and they got the checks:

  • Other options
  • Photography
  • Music
  • Vote on the post.

32. Develop an app or piece of software

Can you solve the problem with the software? This is the ultimate scalable business where a principle can be sold to an unlimited number of customers.

The best software tools can be sold as a one-time or recurring monthly purchase.

As a customer, I have purchased both smartphone apps and desktop software. If you don’t have the resources to build something like this yourself, you can sponsor or hire someone to do it—or tag-free software. The biggest decision is to get your writing done first and make sure there is a good market for what you create.

Check out tools like AppSumo or ProductHunt to get early traction.

33. Develop an Alexa skill

Here are some ways farmers can make money with Amazon’s popular Echo devices.

The first is similar to Apple’s App Store. You can create special Alexa voice apps called “skills.”.

As a developer, you can create your own prizes and earn 70% of the revenue when users buy them. For example, Nick Schwab has 10,000 paying customers for common experiences. There is a free version for people to try, and the price ranges from $0.99 to $1.99 per month.

Amazon also has a free gift program that encourages developers to create a smart community. Remuneration depends on how satisfactory your skills are and how well you perform them, and some practitioners claim to earn thousands of dollars per month.

34. Rent your bandwidth

A new app called Honeygain has created a lot of “buzz” recently. According to the site, you can earn up to $30 per month when you “share your offsite information with researchers.”

(That number is based on 10GB of sharing per day, incredible data!)

After you install the app (available on Windows, MacOS, and Android), connect to the Internet and start earning rewards. It takes users an average of 48 days to reach $20.

Get a $5 bonus to get started.

Before you start, make sure you have a truly unlimited plan, as it seems like it can eat up a lot of bandwidth quickly!

35. Invest in small businesses

To add more diversity and financial flow to my portfolio, I took a small position in qualifying bonds.

These small businesses pay 5.5% interest, and you can buy them for just $10. Bonds are used to lend money and stock or assets to small businesses in America.

Because lenders use shares as collateral, they are considered safer than other personal or business loans. You can withdraw your interest at any time and for free.

The 4 Types of Passive Income

The allure of passive income is interesting. I mean, if you don’t like the idea of making money in your sleep, I’d check your pulse. Also, passive income is very important.

I’ll let Warren Buffett explain:

“If you can’t find a way to make money while you sleep, you’re working yourself to death.”

I figure we can all connect with that.

So how can you get yourself a sweet, sweet bill—or “mailbox money”—?

Here’s what you need to know.

In general, passive income is the money you earn from the assets you manage. (Assets are simply things owned by others; money, goods, material possessions, maintenance, etc.)

The downside is that many products take time to build or finance.

Here are four types of income you can start making today:

Buy cash-flowing assets

Buy things with cash. This is the time to “earn cash.” In this category, you will find options like dividends, business loans, real estate, and many more.

That’s great if you already have money to invest!

Build assets

Creating something of value, such as a digital product or website that earns money through advertising, is a viable way to generate passive income. These products take some time to manufacture and sell, but with proper installation, they can last for years.

Share or sell assets

Renting out or selling properties that you control are passive income streams.

This could be other places around your home, possessions that collect dust, or even data generated by your phone.

“Reclaim” passive income by regularly reducing your monthly expenses. Saving for retirement is income, right?

Well, when it comes to income tax, it’s better than that! And it doesn’t require coupons.

“Reverse” passive income

Why Passive Income Ideas Matter

I’m no investment guru or financial wizard, but most of my finances are “passive”—or a at least, not timely.

By time, I mean that I don’t trade my time for money in any direct way.

I started my career, as most people do, at work. But over time, I intentionally created a lot of passive income and increased the total amount of income. A small portion of the “operating income” figure comes from personal conversations.

Unfortunately, this is what the picture looks like for most people:

They have most of the income from their jobs and, if they’re lucky, some of the financial benefits. We work hard to change the balance to green!

It’s important to note that I do this slowly over time while still working 9–5. I also don’t want to paint a picture of me sitting on a bed on the beach, making millions and millions, because I’m not.

I am still working a few days a week to grow my business. But I want to do it my way and have fun with it.

Conclusion: Start building your passive income today.

To recap, we’ve covered several passive income options and shared some ideas you can get started with today. This money didn’t happen to me overnight. They spent years of dedication creating.

But it’s worth the effort. In fact, it is essential if you want to trade time for money.

My suggestion is to pick a few options from the list that seem most appealing and feasible to you and start with them. Let me know how it goes!

Leave a comment