Truth be told, we all secretly crave to make our process of income generation easier. Is that not why we take professional courses and improve our proficiency on the job? We are simply trying to make work easier while simultaneously increasing the financial returns.
So, whether business owners, freelancers, or full-time employees, we are all trying to make our wealth accumulation process as frictionless as possible.
The Generational Divide of Work
Generation Z workers are revolutionizing the psychology of work. Among older folks, there is a predominant perception that it is impossible to make money without much effort.
However, the new constructs of work are starting to change this perception. Many people today are earning decent amounts without working 9-to-5. Some teenagers, without college degrees, are even financially free, something their parents could only dream of at that age.
If You Are in The Lot Who Do Not Like Conventional Work
Not everyone wants to endure the rigors of clocking in or having a manager breathe down their necks at a brick-and-mortar workplace. So, we shall be considering some money-spinning ventures that will facilitate steady cash flow with minimal or no effort.
Making money does not have to be rocket science; so far, you have wielded the appropriate information for financial emancipation.
The Alexandrian Analogy of ‘Lazy’ Work
You are likely to favor these easy income sources if you prefer to follow the simple philosophies of life. There is a mythology about Alexander the Great, in which he was required to lose the Gordian Knot.
Instead of laboring to untie the complex knot, Alexander the Great simply proceeded to slice through the knot with his sword.
Smart Work and Idleness are Starkly Different
However, the disclaimer is that this approach to money-making is not synonymous with an utmost disdain for hard work. Instead, it involves knowing how to leverage resources and make the best of them with the least effort possible.
Doing this can help you increase your income, maintain a steady passive income while doing less work, or buy you more time for personal and family goals. Here are our suggestions.
Monetize Your Followership Through Subscription Boxes
The internet has made online influencing a lucrative business. A niche following is expedient for earning money through subscription boxes. For example, your followers should be interested in a niche in which you offer offerings like DIY electronics, collectibles, or gourmet tea.
Next, you can automate the sourcing and shipping of the subscription items to your followers. There comes your income stream.
Make Money By Curating Ideas
If you are creative or have a streak of coming up with innovative inventions or ideas. You may find it difficult to commercialize such innovations, maybe due to a lack of resources or fear of building a startup.
You can still make a profitable income stream of your ideas by licensing them out to a company.
The High Point is Selling Ideas
It becomes a win-win for the company and you, the license holder. Above all, you can negotiate for the company to pay recurrent royalties for the idea instead of completely buying you off.
The headache of monetizing the idea remains the company’s headache, so you do little for the income from the license.
Easy Cash From Dividend Stocks
It is common knowledge that investing in stocks can make you super rich in a short timeframe.
Nonetheless, dividend stocks made this list because they could become a hands-off source of income. Beyond the initial effort of researching the trend and quality of a company’s stocks before investing, there is little else to do to receive the dividends.
Monetize the HD Camera of Your Smartphone
On the internet, some websites pay people to upload their images. When your images help generate traffic to the website and receive downloads, the owner of the image earns some money.
All you need is a digital camera or maybe even a smartphone. Likewise, you need to be creative and know the best image categories and tags that bring the needed traffic.
Income From Cashback and Reward Apps
If you use apps like Rakuten, Dosh, Ibotta, Freebird, Upside, or PayPal Honey, you may be sitting on a fair source of cash. Now, these are examples of cash-back and reward apps.
They are called these names because they offer rewards for using them for online shopping and purchases. Of course, these apps are not likely to make you a billionaire. However, they offer free money with little effort involved.
Cashflow From Rental Properties
If you have a lot, unoccupied property, storage space, or parking lot, you can choose to rent it out and earn some extra cash on the side.
Indeed, an extra space within your residence could bring a steady flow of effortless income. You don’t need to go over and out to list the property as available for rent.
Turn Your Vacant Real Estate Into An Income Stream
Many websites and apps can make hiring a real estate broker unnecessary, and neither do you have to print flyers to rent out your property. Airbnb is a good example of such an online property rental platform.
This income source is easy to access because right after the property has been let out, the income starts trickling in with almost no effort from the owner.
Fix Your Savings to Earn Tangible Interests
If you have savings from your previous employment that you don’t want sitting idle, you can choose to lock them up in an interest-yielding savings account. Interestingly, there are special savings accounts that can significantly increase your returns on locked-up funds.
Examples of such are high-yield savings accounts and certificates of deposit. The interest on these accounts is higher than the regular savings accounts.
Make Money With Ease
These are just a few examples of ways to make money with minimal effort. You could monetize a skill or creative ability or even make your money a workhorse.
Remember, making money effortlessly is not synonymous with irresponsibility. On the contrary, it is being financially and legitimately responsible without losing peace of mind.