I’ve personally created my own designs for free using Canva. Sites like or Merch by Amazon allow you to upload your own designs or choose from their library to create shirts. It’s also one that I’ve been able to make passive income from. Selling t-shirts was one of the first business ventures that I tried online. Sell T-shirts Onlineĭid you know that you can start selling t-shirts with zero upfront costs? Now that you understand that, here are some ideas that you can leverage. Passive income isn’t an overnight strategy, but it is one that will allow you to make money effortlessly over time. Time to create, time to market, time to build and grow. What you save in money, will cost you in time.Īlthough each of the ideas that I share below will literally cost you little or nothing to start, they will cost you time. How To Make Passive Income With No Moneyīefore we jump into these passive income ideas, you have to remember something very important. Let’s dive into some ways that you can create passive income with no money. And, as you build more and more streams, you may find that you’re able to afford to make an investment in higher dividend income sources. The truth of the matter is that if these were the only ways to make passive income, only the richest people of the world would be able to afford it.Įven if you don’t have a lot of money, you can still create passive income.

Starting a business costs money.Īll of the “high earning” passive income strategies cost money and often lots of it to even get your foot in the door. Investing in the stock market costs money upfront. Many times when you hear of passive income as it relates to wealthy people, it includes ideas that cost you money. There’s not just diversity in methods but also in costs. There’s more than one way to do just about anything. How can I generate passive income in 2021? So you have to come up with other ways to make money that don’t require your presence IF you want to build wealth. However, the reality is that you can’t physically work seven jobs where you trade time for money. It’s often stated that the average millionaire has seven streams of income. Instead, it is about creating another stream of income that you can use to build wealth. Having passive income isn’t just about making money without having to put in much effort. However, the benefit is that once you do the work of bringing those passive income ideas to life, you can have a lifetime of residual income. Some take more upfront work and time to pay off than others. Now, this isn’t to say that creating a sustainable and lucrative passive income source is easy. The best part is that once you create a passive income source, it can literally be hands-off and left to make you money. There are so many passive income ideas that you can explore that don’t even require money to start. That means you’re not clocking into a job or even have to be present in order to earn money. Passive income is money that is earned without trading your time for it. Instead, I’m talking about leveraging a tried and true wealth-building strategy-passive income. I don’t mean in some gimmicky get rich scheme, illegal kind of way. Do you want to learn how to make money in your sleep?

Ways to make passive income 2021