Personal Finance: Passive Income Streams You Should Try

We are living in the times of high inflation and the cost of living has been increasing every single day. And the thing is that when you don't plan the personal finance you end up with various issues that happen with lifestyle.

So I thought why not list some of the passive income streams that you can try out this weekend and maybe help your own self in the due process. Let's cover some of the easy ones so that anyone can make use of them.

The below list of the side hustles can be done by taking some time out of your life. So I hope that the below information you find useful for your experience and it helps your personal finance.

Here are some of the passive income streams you can try out when it comes to handling additional income stream.

Let's start with something simple.

Rental Income

You must be having something that you can give for rent. Like say room at house? You may have something like clothes? You may even have something like item that can be rented and earn you per day or per week or even per month.

A lot of people give the bike or the car for rent. Some give the house for rent. And some of the other people give other items for the rent. That has helped them earn some rental income. I think that is a good side hustle gig that does not require you to work.

I personally prefer giving out rental clothes, costumes and also some of the machines like say vacuum cleaner or even chairs for the rent. I suppose that can be a good way for you to earn some rental income. I don't know if this works for all but this is worth trying out.

Dividend Stocks

Be it crypto coins or the dividend stocks. If you stake your investment in some of them, they do give you some good returns for the same. Like say some stocks have 2 yearly cycles of payment.

And if you have decent number of the stocks that you can hold for few years. You can make a good income out of them. I have been holding some of the good stocks that can be worked up with for few years ahead.

I personally suggest you to do some research before going for the dividend stock or say delegated crypto or even the dividend based cryptos. Because it would be a good option to think what you can lose or afford to lose before investing.

Start an Online Store

It helps when you get into the business with some serious mindset. Because unless you have some serious intention. Life does not get serious either. You have to be pretty strong with the online income options these days. Unless you do that there is no returns either.

You can start the online store these days. You can even sell on facebook marketplace, whatsapp, telegram and many other similar options. I have used the topic and made content on this as well. But you may have to searech for some local options your own self.

It helps when you also accept the items online with the payments of the crypto nature. You can also accept local cash etc. But accepting crypto would get you more money in the long run. Just make sure to invest that and make sure to take out on right time before market changes.

Content Writing - ebook, blog, newsletter etc.

Content writing as you can see is one of my hustle. I make sure to spend my time into the content writing. And it has started giving me some returns. I have not yet reached the rich point or so but it helps with small amount.

You can write an ebook on the topics that are demand in the market. You can also start the blog and write down about your life on everyday basis. Some people also start the newsletter and write some weekly content that helps people.

I think this can be a good option for you to write on noise.cash and read.cash and who knows it could make you some good income stream as the time goes ahead. It may require some effort but with each time you write and get paid some cash or tip that helps long term.

What do you think?

Have you worked out your own side hustle yet? What are some of the other side hustle ideas that have worked out for you? Do you know how to get the most out of the side hustles that you have currently?

Do let me know your opinion. I'd appreciate the comments :)