Earning money without doing anything is a principle that would please many people, me first. Unfortunately, it’s not as simple as writing it down. If anyone knows the secret, I’m a taker! But before learning how to earn money with minimal effort , a little lesson seems appropriate, in order to understand some concepts. Attention dear reader, this article is intended to be a little more scholarly and didactic than usual. And if I tell you in addition that pedagogy is not my forte… Hang on!
To cut it short, earning money without doing anything is impossible. Unless you are the heir to a great fortune perhaps. On the other hand, it is possible to earn money without having to make daily efforts.
But a little push is always needed . The best known of these sparks: making the effort to go buy a lotto ticket and win. The least realistic and the least probable: buy a lotto ticket and win.
Fortunately, there are other ways to earn money without doing anything . You probably know several of them, although you probably haven’t dared to take the plunge yet:
And you’re right, these are some of the possibilities to earn money without doing anything, or almost. But ultimately, what is a way to earn money without doing anything? Let’s talk a bit about vocabulary…
The best known incomes are those related to your work. In exchange for your time, your employer pays you a monthly salary. To earn more, you can ask your boss to raise you. You can also optimize your hours to be as productive as possible and hope, for example, for a bonus. You can even take a second job to make ends meet, within the limit of what the labor code allows in terms of hours per week. This is called active income . Basically, you are trading your time for money, and your time is not unlimited. It is difficult to walk the road to financial independence with this only baggage, the day being limited to 24 hours, whatever you do.
Another type of income exists, passive income. Their most obvious advantage: allowing you to earn money without doing anything, or at least with much less effort than active income.
Buying a property with the idea of renting it out corresponds exactly to this definition: it will generate passive income for you. Modulo a relatively low personal investment with regard to the gain, you will have the pleasure of obtaining monthly rent. The little spark that I mentioned a little earlier here corresponds to the real estate purchase itself: looking for the property, negotiating credit,… You will only carry out these actions once and only once! Afterwards, except from time to time looking for tenants and maintenance, you will have nothing else to do but wait for the payment of your rents. Rental investment allows you to obtain passive income: whether the property is an apartment, a building, a house or a parking lot, rents will fall each month to feed your bank account.
Earning dividends from your stock portfolio also goes in this direction, requiring a study and analysis of the financial markets as a prerequisite. For site creation, it depends: as long as a lot of actions on your part are necessary, we can consider that the income you receive from it is active income. If you have automated a maximum of these actions (outsourcing the publication of articles, etc.), the income it generates could then be qualified as passive income.
There are a multitude of passive incomes, I have simply mentioned the best known, and again. I could have added: interest from a passbook or life insurance type investment, copyright, patents, etc. The most obvious advantage: this income is not limited by your time, so it is possible to multiply easily to reach relatively comfortable sums. I’m not saying it’s easy to set up, far from it, but the time factor won’t be a limiting factor.
Time, let’s talk about it. Beyond the differences in definition between active income and passive income, beyond the amounts you will earn with one or the other of these incomes, it is indeed time that is involved. And yes, what’s the point of making money if we don’t have the time to use it as we wish? What’s the point of slaving away every day to get knocked out at the end of the week and not enjoy your family? Why work late hours if you can’t relax with your friends?
Investing to generate maximum passive income tomorrow is the advice that could sum up this article. Limit your financial dependence on your work and therefore on your active income to enjoy life. Because true happiness is only my humble opinion, it’s probably to be able to take your time. Think about it…
For your part, have you already started investing in passive income? Do you think it is possible to earn money without doing anything, or almost?