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Discover: 20 Hot Jobs That Pay More Than $150,000
What exactly is passive income? As The Motley Fool explains, passive income is “money that you earn with little to no effort.” The site also warns that passive income usually requires time and money upfront. The IRS might have special tax rules for passive income earnings.
You should create a blog about something that interests you or something you are very knowledgeable about. You can even make a blog and sell products, which is yet another way to generate some income. For instance, if you’re a beauty blogger, you can create an online shop to sell different products such as skin care, hair, nail polish or even DIY creations.
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A study commissioned by Timewise found that half of all part-time workers had been furloughed at one point during the pandemic, compared to a third of full-time employees.