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Wednesday @Wisebread: Great Ways to Generate Passive Income #motownmom

In this day and age, having a disposal income to a household (whether it’s a one parent or two) is almost a necessity. Depending on “the man” to give us the income we need is becoming more and more scarce, so going things outside of work or around our work has helped a lot of households get the bills paid and bring stability.

Our friends at Wisebread.com have come up with great suggestions.

Great Ways to Generate Passive Income

Earning income passively is a dream for most people, since it essentially means you make money without putting in a significant time investment. Most sources of passive income will require time and some money to get started, but if successful, these opportunities can generate income for you long-term and without your direct involvement. (See also: 4 Reasons Why Everyone Needs Side Income)

Here are some great ways to generate passive income.

If you have other suggestions, please add them to the comments or if you’ve started your own endeavor, let our readers know so we can support you!