Usher

Company name:

Cinemark Holdings

Address:Oxnard,CA
Description:Headquartered in Plano, TX, Cinemark Holdings, Inc. is a leader in the motion picture exhibition industry with 500+ theatres in the U.S. and Latin America. Join Our Team! Do you enjoy working together as a team to...

Floral Clerk

Company name:

Pavilions

Address:Thousand Oaks,CA
Description:Pavilions - 1135 Lindero Canyon Rd - [Grocery Clerk / Store Associate / Team Member] As a Floral Clerk at Pavilions you will: Provide customers with exceptional customer service; Stock the department with fresh flowers potted plants balloons and...

Floral Clerk

Company name:

Vons

Address:Thousand Oaks,CA
Description:Vons - 1790 Moorpark Rd - [Grocery Clerk / Store Associate / Team Member] As a Floral Clerk at Vons you will: Provide customers with exceptional customer service; Stock the department with fresh flowers potted plants balloons and other floral...

Log Editor

Company name:

Salem Communications

Address:Camarillo,CA
Description:We are looking for a dynamic individual to join our team as a Log Editor at the corporate office in Camarillo, CA. This is a full-time position. Duties and Responsibilities include:* Daily reconciliation of broadcast commercial logs for...

Floral Clerk

Company name:

Vons

Address:Oxnard,CA
Description:Vons - 450 S Ventura Rd - [Grocery Clerk / Store Associate / Team Member] As a Floral Clerk at Vons you will: Provide customers with exceptional customer service; Stock the department with fresh flowers potted plants balloons and other floral...

Associate Production Editor, Temporary - Journals Production

Company name:

SAGE Publications

Address:Thousand Oaks,CA
Description:OverviewPerform production tasks on selected journals while meeting established deadlines and maintaining high editorial quality.Essential Job Functions & ResponsibilitiesThe job functions include, but are not limited to, the following:Journal...

Usher

Company name:

Cinemark

Address:Oxnard,CA
Description:Headquartered in Plano, TX, Cinemark Holdings, Inc. is a leader in the motion picture exhibition industry with 500+ theatres in the U.S. and Latin America.Join Our Team!Do you enjoy working together as a team to accomplish major...

Visual Merchandising Manager

Company name:

The Walking Company

Address:Westlake Village,CA
Description:This role provides extraordinary customer experiences throughout 180 + retail doors across the United States.You'll be charged with bringingThe Walking Company brand and ourbrandpartners' productsto life through powerful storytelling within windows...

CAREER & TECHNICAL EDUCATION TEACHER - ART/MEDIA/ENTERTAIN - HS - CTE - HIGH SCHOOL - CALIFORNIA VIR

Company name:

California Virtual Academy

Address:Simi Valley,CA
Description:CAREER & TECHNICAL EDUCATION TEACHER - ART/MEDIA/ENTERTAIN - HS - CTE - HIGH SCHOOL - CALIFORNIA VIRTUAL ACADEMIES - 2019-2020 School Year ELIGIBILITY POOL (Must hold a current Full Time Designated Subjects Career Technical Education Teaching...

Technical Editor

Company name:

Design Everest

Address:Camarillo,CA
Description:What we doDesign Everest is an innovative and fast-growing company. We are an engineering firm and technology startup, using technology to innovate and differentiate in the AEC field and bring...

Video Editor and DP

Company name:

Sideshow

Address:Thousand Oaks,CA
Description:Sideshow?s Media Team is seeking an Editor and DP. We work on a variety of videos that involve many different environments and techniques. We are looking for someone who has an eye for design and timing, both in the edit and through the lens of a...

Coordinator, Visual Merchandising

Company name:

Guitar Center

Address:Westlake Village,CA
Description:About Guitar CenterGuitar Center embodies the world of creativity and music by encouraging our teammates to find their own individual sound. We strive to craft lifelong musicians and make a difference in the world by enabling musicians and...

Still Image Scanning & Metadata Specialist (temporary) - LAC Group

Company name:

LAC Group

Address:Thousand Oaks,CA
Description: LAC Group is seeking experienced Temporary Still Image Scanning & Metadata Specialist for one of the premiere film preservation/archive vaults in the world. This is a full-time position based in Thousand Oaks, CA facilities and will...

Operator 2, Bakery-Mixing

Company name:

ARYZTA Careers

Address:Camarillo,CA
Description:ARYZTA is a global baking company with a Passion for Good Food. We provide our retail and foodservice customers with a portfolio of bakery solutions so they can deliver memorable, delicious food to consumers. With operations in the United States,...

Concessionist

Company name:

Cinemark Holdings

Address:Oxnard,CA
Description:Headquartered in Plano, TX, Cinemark Holdings, Inc. is a leader in the motion picture exhibition industry with 500+ theatres in the U.S. and Latin America. Join Our Team! Do you enjoy working together as a team to...

Dance & Drama Specialist - Northern California Residential Camp

Company name:

Boys & Girls Clubs of San Francisco

Address:Oxnard,CA
Description:Job Descriptions: Camp Mendocino is a residential summer camp located in Northern California. All Camp Employees are expected to live, sleep and work at Camp. Camp Mendocino provides meals and lodging for the duration of the employment period. Boys &...

Video Editor and DP

Company name:

Sideshow

Address:Thousand Oaks,CA
Description:Sideshows Media Team is seeking an Editor and DP. We work on a variety of videos that involve many different environments and techniques. We are looking for someone who has an eye for design and timing, both in the edit and through the lens of a...

Camp Counselor for Male Cabins - Northern California Residential Camp

Company name:

Boys & Girls Clubs of San Francisco

Address:Oxnard,CA
Description:Job Descriptions:Camp Mendocino is a residential summer camp located in Northern California. All Camp Employees are expected to live, sleep and work at Camp. Camp Mendocino provides meals and lodging for the duration of the employment...

Treasury Assistant

Company name:

Mindlance

Address:Thousand Oaks,CA
Description:Company DescriptionMindlance is a national recruiting company which partners with many of the leading employers across the country. Feel free to check us out at Job DescriptionTop 3 Must Have Skill Sets:...

Summer Intern, Video Production - Part-Time

Company name:

Sirius XM

Address:Camarillo,CA
Description:TemporaryPosition Type: InternshipSession: Summer 2020Location: Los Angeles, CASiriusXM + Pandora have joined together to create the world's largest audio entertainment company, and we want you to be a part of it! SiriusXM + Pandora interns don't...

SERVERS! Weddings & Special Events

Company name:

Wedgewood Weddings Tower Club

Address:Oxnard,CA
Description:Job DescriptionHave you ever wanted to work in the event industry?Do you thrive in an environment where everyone is having fun?Are you polite, professional...

Spa Attendant - Female Locker Room - The Ritz-Carlton Bacara, Santa Barbara - (20015960)

Company name:

Marriott

Address:Oxnard,CA
Description:Spa Attendant - Female Locker Room At more than 80 award-winning properties worldwide, The Ritz-Carlton Ladies and Gentlemen create experiences so exceptional that long after a guest stays with us, the experience stays with them. As the...

Spa Attendant Female Locker Room - The Ritz-Carlton Bacara, Santa Barbara - (19145390)

Company name:

Marriott

Address:Oxnard,CA
Description:Spa Attendant Female Locker Room At more than 80 award-winning properties worldwide, The Ritz-Carlton Ladies and Gentlemen create experiences so exceptional that long after a guest stays with us, the experience stays with them. As the...

Camp Counselor for Male Cabins - Northern California Residential Camp

Company name:

Camp Mendocino

Address:Oxnard,CA
Description:Job DescriptionCamp Mendocino is a residential summer camp located in Northern California. All Camp Employees are expected to live, sleep and work at Camp. Camp Mendocino provides meals and lodging for the duration of the...

Archivist/Video Editor

Company name:

Joni And Friends

Address:Agoura Hills,CA
Description:Job DescriptionDuties:Under the supervision of the Director, Visual Media Services, support the overall objectives of Joni and Friends Visual Media Services. Perform duties and responsibilities including, but...
Are you tired of only making money while working at your job? There are countless ways to make passive income so that you can make money while you are sleeping, taking a nap, or even while going on vacation. In this article, we’ll share with you 10 passive income ideas to help you make more money. Learning how to make different passive income streams will significantly change your life by diversifying your income as well as the joy of being able to make money while you are not actually working.

Building different passive income streams is something that we all strive for. While the bulk of the money you make might be at your 40-hour job, here are ways to make extra money to have extra funds for a rainy day or possibly a trip you didn’t think you would ever be able to take.

While a lot of people will think that passive income isn’t actually real, don’t believe the haters. Everyone at Walletminded has passive income streams of some sort and we are walking proof that passive income is real and works.

What is passive income?

Passive income is income resulting from cash flow that is received on a regular basis that requires minimal to no effort by the recipient to maintain it. Passive income is not a pyramid scheme or a get rich quick scheme, but it does provide multiple streams of revenues if you choose to put in the initial effort.

What are the pros and cons of passive income?

There are quite a few pros to passive income and just a few cons. To start, you can make money with little work to maintain that extra income. In addition to making more money, you can diversify your income, do what you love and also make money, you can spend more time with your family, and it will even free up more funds to make money while you travel. While there aren’t many cons of passive income, one big thing we must note is that taxes are needed to be paid on all forms of income each year. So while you may have made $10,000, be sure to account for the tax on that $10,000 and not to spend it all at once.

How many streams of income should I have?

When it comes to your money, there is no “one size fits all” model when it comes to passive income or generating income streams. How many streams of revenue should depend on where are at financially and what your financial goals are.

How to make passive income while you sleep

If you’re ready to create a passive income, check out these 18 strategies and learn what it takes to be successful in them.

Affiliate Marketing

Affiliate marketing is one of our favorite types of passive income streams. Affiliate marketing is when you earn money by placing an affiliate link on your website, social media account, or YouTube video and have people purchase a product through the link you provided.

What is affiliate marketing?

An affiliate is a person or business that shares someone else’s product or service to their audience. As an affiliate for another company, you are provided with a link that tells that company where their sale came from. One of the most popular affiliate marketing channels on the internet is none other than Amazon. Picture this, you do a search for “what are the best mountain bikes this year?” More than likely the top 5 results on Google are websites that link out to Amazon with their picks on the top 5 mountain bikes you can buy. Since the website is an affiliate of Amazon, Amazon will pay that website and business owner for every sale coming from their referral link for a certain amount of time. When someone purchases a mountain bike or product from your link, this is known as a conversion.

Where can I place affiliate links?

The opportunities are endless with affiliate links. You can add an affiliate link to a blog post, within your email, on your social media accounts, within a podcast, or even by sending someone a text message telling them to buy something.

What kind of affiliate products should I promote?

We highly signing up for affiliate products that are within your area of influence. If you are in a mommy blogger group, we recommend to sign up for affiliate products that this audience you can relate to.

Pay off your high-interest debt

While paying off your high-interest debt isn’t the most appealing or attractive passive income strategy, it does help you save your money in the long run. If you currently have debt and are paying up to 26% interest, we highly recommend knocking your debt down as fast as possible. Your debt is costing you a lot of money. Whether you are paying off student loans, credit card debt, and/or a mortgage, you may be unnecessarily spending thousands of dollars each month on minimum payments and high interest. Did you know that the longer you have debt, the more interest you will pay in the long run?

Getting rid of debt will help relieve you of financial stress and will help bring extra joy back into your life. When we were in debt, we decided to tackle the credit cards with the highest interest first. Our Chase credit card had 24% interest rates. Once we paid this card off completely, we decided to focus on our next highest interest rate card and use the minimum payments we were paying on our Chase card to our next credit card. By pretending that we didn’t have that extra amount from paying off our credit card, we were able to pay off $30,000 in debt in under a year with this method.

High Yield Savings Accounts

One of the passive income ideas that often gets overlooked is to use a high yield savings account. High yield savings accounts are a great way to grow your savings with very little risk. While there is little risk, this also means that there is little reward. With banking accounts such as Ally and Betterment, you can earn up to 2.38% with a balance as low as one penny.

The average national savings rate is just 0.09%, so these high yield savings accounts are not applicable to every bank. We highly recommend using a high-yield savings account that offers the benefits of monthly interest returns.

Upload music to Spotify and other streaming platforms

If you are a musician or have dabbled in music, we highly recommend uploading your music to Spotify and other streaming platforms. We wrote up a guide on how to distribute your music to Spotify, YouTube Music, and Apple Music here. While it may take a little bit of effort to produce a banger, music streaming platforms help you earn passive income so that you can make money while you are sleeping or relaxing.

Rent out a room in your house

Even though you may not own real estate at the moment, you can still rent out a room in your home. While renting a room out in your house will most likely not make you rich overnight, you may be able to make a nice side income of this depending on how many rooms you can rent out. In addition to renting out a room on a monthly basis, you could also rent out a room on a nightly basis via Airbnb.

Invest in dividend stocks

While this passive income idea may take a bit of upfront capital, this is one of our favorite passive income strategies. A dividend is the distribution of reward from a portion of the company’s earnings and is paid to its shareholders. These dividends can be issued as cash payments, other property, or as shares of stocks. By investing in dividend-paying stocks, you can make a great passive income stream with little work. We highly recommend doing your research on the best dividend stocks for passive income.

Start to blog

Blogging typically takes time, effort, and a lot of dedication. While a blog can take quite a bit of time in the beginning, blogging can turn into a passive income stream. While there is no one size fits all strategy for how to make money while blogging, we recommend looking into affiliate marketing, sponsored posts, influencer marketing, and advertisements on your website.

Write a book

Writing a book for passive income is not necessarily something you can do overnight. It will take quite a bit of time and effort to finish your book, but it will take very little effort and work once the book is released.

Sell a course

Creating a course is also not one of the easiest tasks to get started with. You will most likely need a good microphone and the ability to look presentable in front of a camera. In addition to this, you will need to structure your content in bite-size pieces that the audience will love.

10 Passive Income Ideas To Make Money While You Sleep

Start an online store

It is getting easier and easier to start your own online store. Thanks to Shopify and other developments in the e-commerce space, you can build a store with products on it in less than one day. If you don’t wish to handle the inventory and ship products yourself, you should consider dropshipping where people will purchase from your store and then behind the scenes you will be working with suppliers who will then ship the product to the person.

Shop at cashback websites

Shopping at cashback websites will not earn you a lot of extra income, but it is an easy way to earn back some of the money while you would have normally spent while shopping online. Ebates is a cashback website that will give you certain percentage points back for every purchase you make using one of their partner stores. By using Ebates, you can earn 6% at Walgreens, 5% at Amazon, 6% at Macy’s, 8% at Gap, and 3% at Kohl’s.

Utilize credit card reward points

Travel reward credit cards are popular right now since they are seen as getting “free” points from the credit card company. While we recommend using your credit card with caution and to not land yourself in debt, we love travel reward cards due to the cashback or travel points nature.

Other passive income ideas include:

Peer to peer lending

REITs

A bond ladder

Rental Real Estate

Start a podcast

 

 

Leave a Reply

avatar
  Subscribe  
Notify of