In considered one of my in advance Money Crashers posts, I talked about a manner to obtain Financial Independence through saving up sufficient cash to live in your investments on my own. The primary concept right here is that the interest you earn from your investments offers
However, one point I didn't really discuss in the article is that investments aren't the only way to earn passive income. You can also receive ongoing payments for work you've already done, or for rent you charge on something you own. So in my latest Money Crashers article, I talk about the various other ways there are to earn passive income, including rental properties, residual sales income, sales of creative works, various ways to monetize a website (through ads, affiliate marketing, or subscriptions), car advertising, and earning cash back when you shop.
As I note in the article, you probably won't get rich doing any of these things, at least not without putting in a lot of work up front - but having one or more of these passive income streams to add to your investment income can get you to FI faster. And in the meantime, it gives you a nice cash cushion for emergencies.
9 Passive Income Stream Ideas & Opportunities to Make Money
