"The term "passive income" has become a buzzword in recent years, one that essentially refers to the money you make on the side without having to do a lot of continuous work. YouTuber Ali Abdaal has claimed to make nearly $30,000 every week with his passive income. How does he do it? Abdaal said there are several good places to start. Investing in Stocks and Shares According to Abdaal, "investing in stocks is the easiest way to make any kind of passive income." He said the easy part is that you just take money that would be simply sitting in savings and invest it for a greater return."
"What does becoming an affiliate marketer even mean? According to Abdaal, "affiliate marketing means that you are selling other people's products, but you're getting a percentage of the sales from those products." This also is relatively easy to start. Just sign up for a program like Amazon Associates, and you are off and running. You then put a link to a product on your site or social media and earn some passive from sales."
Passive income is money earned with minimal continuous work. Common sources include investing in stocks, creating a YouTube channel, hosting a podcast, affiliate marketing, and selling digital products. Investing converts idle savings into potential returns. YouTube channels and podcasts require upfront time and audience growth to generate revenue, often through ads and brand deals. Affiliate marketing pays commissions for promoting others' products and can be started via programs like Amazon Associates. Digital products like ebooks or downloads involve one-time creation and repeated sales with low marginal costs. Each approach varies in ease, scalability, and initial effort.
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