Make An Extra £1000 Each Week With These Passive Income Methods in 2022

This post is originally from our website Portfolio Hub

If you’re looking for the best passive income ideas, then you’ve come to the right place!

I have been researching and testing the best passive income ideas since 2012 and I am going to share with you what

What would you do if you had unlimited time and resources at your disposal? Would you travel around the world or start a new business? What would you create?

You don’t have to wait until your old and retired to live the life of your dreams. There are plenty of passive income ideas out there that allow you to earn money without having to put in much effort.

There are multiple ways to generate passive income to make more cash. Some of them include investing, blogging, freelancing, selling goods online, and even renting out space on your property. If you want to get started now, check out my favourite passive income ideas

This post is originally from our website Portfolio Hub

What is Passive Income

Being able to create passive income streams to make more cash can drastically change someone’s life. But it is important to understand what passive income is. When I was a teenager, I would always look up “How to make money online?” or “how to create passive income” thinking that once I found the right site, I could just click a button and the money would start rolling in… well that just isn’t how it works.

Generally your normal job income is classed as active income as you have to trade your time for money… you have to actively be working for it. Passive income on the other hand allows you to sit back and relax as revenue keeps coming in… kind of…

In most cases passive income still requires a lot of work, usually upfront and will be able to provide you with income for years to come. It is important to remember that the passive income ideas listed here are not guaranteed to work and will still require a lot of work up front to get going.

I will try to explain the perks of each and remember that combining multiple passive income sources can be very beneficial in the long term.