Beginner’s Guide To Earning Passive Income

What Is Passive Income 5 Passive Income IdeasPassive income has been an interest of mine for the past few years. However, up until recently, I never really did anything about this goal.

Dreaming is nice, but nothing happens unless you actually start making some changes. And, that is just what I plan on doing over the next few years.

Currently, passive income is a big interest of mine because I want to continue to bring in an income while being able to focus on other goals of mine (which may not generate income now or ever). I also want to diversify my income streams so that I am not too reliant on one area.

This way I can focus on what I want to do while not having to worry about how much money I am bringing in.

Below are different passive income-related questions you may be wondering. We will discuss what passive income is, the positives of earning passive income, passive income ideas, and the hard work that goes along with it.

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$15,151 in March – My Monthly Online Income Report Plus Traffic Stats

My Monthly Online Income Report

Welcome to March’s online income report where I show you how I make money online. It’s time to look at this month’s update and track how I did.

Background information on my monthly online income report.

If you are new here, you might be wondering why I would want to publish my online income reports each month. If you are not new here, you can just skip to the next section :)

This all started out as my side income report because in the beginning it was all about the money I was earning from my side jobs. In my side income reports from the beginning, I included all of the income I made except for what I made at my day job (that was a fixed amount and boring anyways).

However, I left my day job as a financial analyst towards the end of 2013 and now my monthly income reports consist of the several different ways I bring in an income each month.

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Should You Outsource Tasks To Make Life Easier?

Should You Outsource Your Life And Household TasksOutsourcing is something that has taken me awhile to start doing. While I know that in many cases it is a need, for a long time I did nearly everything myself.

However, I recently started to notice that I was working 12 hour days, nearly every single day, and that I was getting snappy whenever someone asked me something because I was SO FOCUSED on working.

Even when I wasn’t working, I was still tired and thinking about work. People aren’t kidding when they say that the self-employed really never get a day off. Even though I absolutely love what I do, thinking about your business/job 24/7 just cannot be healthy.

A break every now and then is needed.

Lately though, I feel like I have had more time than ever. I have been eating very healthy, working out more, and I have had actual days off.

And it’s all because of outsourcing! [Read more…]

4 Reasons To Make Extra Money – It Changed My Life And It Can Change Yours Too!

4 Reasons To Make Extra MoneyHere on Making Sense of Cents, we talk a lot about making extra money.

While I am all about a person cutting their expenses (this is one of our main goals this year), there is a lot to be said about using your extra time to make extra money.

Due to my past side hustles (most of which now comprise my full-time business), I was able to pay off my student loans completely, travel, quit my job, start my own business, and more.

Side hustles have completely changed my life for the better, and this is why I think more people need to look into making extra money on their own.

Even if you think you don’t have enough time to make extra money, I’m sure you have at least a few hours each week. Dedicating something as little as a few hours each week can still mean enough time to make extra money each week.

If you are wondering what you can do to make extra money, check out the related posts below:

Below are four reasons you should be making extra money. [Read more…]

How To Find Freelance Jobs When You Have No Experience

How To Find Freelance Work With No Work ExperienceIf you are interested in starting a freelancing career, you are probably wondering how to find freelance work even though you may have no work experience as a freelancer.

Whether you are interested in getting into freelance graphic design, you are looking for freelance writing jobs for beginners, or something else, finding your first client can feel difficult.

Mostly everyone has dealt with this problem before – the entry level job you are wanting to apply for asks that you have experience.

The truth is, you need experience in order to gain experience and this applies to freelancers as well.

So, how do you gain experience for a job when you don’t have any?

Related articles:

Below are my tips on how to find freelance work when you have no work experience. [Read more…]

2nd Mortgage Lending – The best zero-time side hustle

2nd Mortgage Lending The best zero time side hustleHello! Today’s side hustle post is by a new online friend of mine. You can check out other posts in my side hustle series here.

I created a challenge for myself to create enough passive income to replace my living expenses- but there was only one problem. I run a business and didn’t have time to take on side hustles that required a time commitment on my part.

I needed a zero-time side hustle that could bring in some cheddar. Sound impossible right? I thought so too…

Until I discovered second mortgages.

What is it?

Not only do you not need any spare time but you also don’t need any cool skill or talent to tap into. All you need is some extra money.

Second mortgage lending is when you offer your cash to people looking for small loans and put a lien against their property as collateral. Since you charge interest on the loan (in the range of 9-15%), you happily collect your interest cheques monthly.

That’s it. [Read more…]