If you’re looking for ways to make some extra money on the side, then this is the page for you. We’re putting together the ultimate list of side hustle jobs, some that you can start at home and others that you’ll need pants for!
Side hustles are jobs you can do on the side to earn extra income. Some of these are job-jobs; driving for Uber, delivering for Postmates, or actively managing a businesses’ social media page. Others are passive, they’re things that you can build and/or hire someone else to do, so you can earn a profit without directly putting in your time. This is passive income.
Exchanging time for money is great, you’re employed! Passive income means you’re in business.
Let’s Break This Down
Wikipedia defines passive income as: “Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income.”
This is a pretty bad definition in my opinion because it makes it sound easy… “little effort to grow the income” — what does that mean? This sounds unrealistic.
The Reality: Building a passive income stream is one of the hardest things to initially setup (unless you inherit real estate or something…) Yet it is also the holy grail that can get you out of the 9 to 5 grind.
It’s simple math.
If you are exchanging your time for money, that means you have to always show up to get paid. While if you setup a shop or website or rental properties, you can be paid even when you don’t put in the time directly.
The truth is setting up a passive income stream is far harder than starting a normal side hustle aka a side job. It can be far more rewarding however because while you will likely be getting paid ZERO while you are setting it up, if it works, it could turn out to be one of the best things you ever did.
Let’s Compare: Passive income vs Active income
Active income = must show up and put in the time to get paid.
Passive income = must put in the time at first and when it’s set up successfully, can get paid over and over again without directly putting in time.
So you can see they both require time to be put in. With Active income you must continue to put in 1 hour and get paid let’s say $50. With Passive income you must work often for nothing to setup an income stream. If successful you may get paid $10 per hour, for example. Yet that is without directly putting in work for that hour and that could run 24 hours per day.
It seems like Passive income is too good to be true. The truth is though that building income this way is actually harder to start. While if you decide to go the Active income route, you can literally start getting paid the first hour that you work.
For now, we are going to leave it there, we will be adding the side hustle ideas to this page soon, so check back.