Income Ideas

I’m a huge pro­po­nent of cul­ti­vat­ing mul­ti­ple streams of income, and sup­ple­ment­ing those with addi­tional one-time chunks of income. To facil­i­tate this, I’ve com­piled a list of ideas for earn­ing addi­tional revenue.

Resid­ual Income

Sta­ble income that you receive with­out hav­ing to reg­u­larly per­form any work is called “resid­ual income”. For exam­ple, own­ing an apart­ment build­ing pro­vides income from rent with­out you hav­ing to trade your avail­able hours for dollars.

Ideas for earn­ing a resid­ual income:

1. Cre­ate a toolbar.
2. Cre­ate a website.
3. Pur­chase an apart­ment building.
4. Invest in stocks, funds, and other assets that pro­vide div­i­dends or interest.

One-time Income

Although resid­ual income is pre­ferred, it is nice to get an extra lit­tle chunk of money every now and then.

Ideas for earn­ing one-time chunks of income:

1. Pur­chase coins from the US Mint.
2. Earn free gift cards by car pooling.
3. Sell stuff on eBay.