9. Start Investing
Making sound investments can be an effective way of generating passive income. The money you earn as interest and based on the company’s performance does not depend on how many hours you put in at work or how well you nailed your latest presentation.
But make sure that you remember the cardinal rule of investing. Only invest money that you are willing to lose. In other words, making investments has to be independent of your regular savings. The money that you have in savings needs to say there, in liquid form. Investments are a bonus, and any money earned from them is a bonus too. Being too risky with your investments could make you wish you were even back in the middle class.