1. The batting cage idea is very risky. I’ve seen many of them close over the years and it is not anything close to passive income if you want to keep the business going. You have to continually promote it and target youth leagues, coaches, schools etc to catch all of the new players who grow up and want to play. I’ve played at probably 8 batting cages over the years and 7 of them closed. 

passive income ideas


Great job, note the home upsizing works only in appreciating housing markets (I’ve done a similar this in CA but it was 7 years same home to gain almost 500k profit which is around the govt cap for tax-free home profits. What a gift! Thanks booming economy and generous govt taxation on home profits). Those proceeds bought our next house cash and invested the remainder in domestic stock (which has been equally profitable).

passive income generators


To save time and effort, you can group two or more passive activities into one larger activity, provided you form an “appropriate economic unit,” according to the Passive Activity and At-Risk Rules. When you do this, instead of having to provide material participation in multiple activities, you only have to provide it for the activity as a whole. In addition, if you include multiple activities into one group and have to dispose of one of those activities, you’ve only done away with part of a larger activity as opposed to all of a smaller one. 

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EQ Bank Savings Plus Account 2.45%*-This is one of the highest rates in Canada.  There are no fees, no minimum balance, you get UNLIMITED FREE INTERAC e-TRANSFERS® (my usual bank charges me over $2 each e-transfer!).  There is no physical branch, it is all done online.  It is a trademark of Equitable Bank, which is a Canadian bank that has over $23 billion assets under management.  The maximum balance is $200,000, which is a good problem to have if you have more than that to plunk in a savings account 😉 (they recently increased it from $100,000).  Rates are of course subject to change without notice, so better act fast.  Here’s my review of EQ Bank, I recently signed up.

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When money is loaned to a partnership or an S-corporation acting as a pass-through entity (essentially, a business that is designed to reduce the effects of double taxation) by that entity’s owner, the interest income on that loan to the portfolio income can qualify as passive income. According to the IRS, “Certain self-charged interest income or deductions may be treated as passive activity gross income or passive activity deductions if the loan proceeds are used in a passive activity.”

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I have only dabbled in drop-shipping before when I had an eCommerce platform 6 years ago or so. I think it is something that you could do on the side, but you would want to do in depth research on the industry you want to get into before setting up shop. It may be a little less passive up front, but over time you could take your hands off the wheel.

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The first passive income idea on this list does take some start-up cash, but it absolutely helps me earn more than $1,000 per month. Dividend-paying stocks, ETFs, and other investments like Fundrise and Lending Club are helping me earn money around the clock – and all with no work on my part. While the amounts I have invested in these accounts vary, they’re all paying me more than $1,000 per month.

When money is loaned to a partnership or an S-corporation acting as a pass-through entity (essentially, a business that is designed to reduce the effects of double taxation) by that entity’s owner, the interest income on that loan to the portfolio income can qualify as passive income. According to the IRS, “Certain self-charged interest income or deductions may be treated as passive activity gross income or passive activity deductions if the loan proceeds are used in a passive activity.”

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But, it took me a while to get to that point. Where I once worked in my financial planning office on most days, I started by testing things out with a few days per month away from the office at first. From there, I began working remotely 2-3 days per week, then 4-5 days per week, and so on. Eventually, I was able to run my business remotely without ever having to show up for work.
Build a list in a particular niche and tell them stories. Create a bond. Build a relationship with them. It's important. Then, when you've created a bit of culture, start marketing affiliate products or services to them that you think they might like. Just be sure that you personally vet out whatever it is that you're selling to avoid complaints if the product or service falls short.

How much money do I need to invest to make 3000 a month?

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