3 (Creative) Ways to Create Passive Income in Your 30s
If you want out of the rat race, use these three creative methods to generate passive income.
Passive income streams are great for anyone looking to make money outside their regular job.
But because passive income generally means putting in a lot of upfront time and energy, many people wonder if the effort is worth it.
After all, why go through all that trouble if you're not even getting paid while doing it? Passive income can come with several benefits that may not be apparent at first glance.
While creating passive income may seem like a lot of work, there are plenty of ways to do so while still having fun.
Here are three examples of how you can start creating passive income in your 30s:
Open a business
This is one of the most obvious ways to create passive income, but it's also one of the most difficult.
Securing the necessary funding to open a business may be difficult if you're starting your career.
If you want to go the entrepreneurship route, you'll need to save up some money to buy into the business you want to open.