Some people define passive income as money you earn while sitting on a beach sipping a good drink. But don't let the word "passive" mislead you, because there is usually a lot of upfront work involved. Passive or residual income is money you earn while not being actively involved after an initial investment of time and/or money. Some methods require you to have some cash to spend initially, while other ideas don't require any spending at all. Here are some suggestions on how you too can generate passive income.
I used to be wary of Ebates (now called Rakuten) because I thought the cashback didn’t amount to much, but now I love it. I’m converted! To earn money through Ebates.ca, all you have to do is sign in and then look for your online retailer and shop through the Ebates.ca portal. Then you get cash back in a few days (it says on the Ebates.ca website).
How much money do you need to make passive income?