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.