Best Passive Income Ideas

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Keep in mind, nothing is truly passive in that you just make money (unless you pay someone to manage a large investment portfolio).  Here is a list of best passive income ideas.

1. Rent out your spare room

Got a spare room that’s full of junk or simply not being used to its full potential? Get it listed on one or more of the various room for rent / roommate finder websites.

2. Invest in high yield stocks

Investing in high yield stocks is a given as far as we are concerned when it comes to finding your ongoing income source!

3. Refinance student debt

By simply refinancing any student loans you might have, and securing even a slightly lower interest rate, could save you thousands of dollars in interest over the life.

4. Start a blog

Blogs are one of the best passive income ideas, but you need consistent traffic to earn money and that requires dedication on your part.

5. Rent your vehicle

If you’ve got a car or a truck, you could earn some passive income by renting it out through a car sharing website.

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