TexasEscapes.com HOME Welcome to Texas Escapes
A magazine written by Texas
 
New   |   Texas Towns   |   Ghost Towns   |   Counties   |   Trips   |   Features   |   Columns   |   Architecture   |   Images   |   Archives   |   Site Map


Columns | Go Far With Kovar

How Do I Produce a Passive Income With No Time to Spare?

by Taylor Kovar

Hi Taylor - How do I produce a passive income if I have no time? Am I the only person who needs to sleep? I get so frustrated hearing about side hustles and passive incomes and feeling like there's no way to join the movement because I don't have hours to spare. - Beverly

Hi Beverly - First of all, I very much empathize. Everyone talks about all the ways to earn money without acknowledging the time it takes, and that can be pretty annoying. Here are some things that can potentially generate income without requiring too much time or effort.

1. Rent something out. The first thing people think about is a spare room, and that's a great option. If you have a room in your apartment or a guest house, that's a good way to make money without taking on a part-time job. If you don't have living space available, there are other things that can be rented. People offer the use of their cameras, sound equipment, video game consoles for parties, and all sorts of other things people want but don't have the money to buy. If you don't have things like this in your possession, you can still consider making the investment. Just make sure there's a rental market for whatever you're considering buying.

2. Online surveys and services. If the reason you don't have time is that you're already stuck at a desk 40 hours a week, you might be able to multitask and start your side hustle while at your main hustle. You won't get rich, but there are dozens of companies that will pay you in cash and rewards points for completing surveys online. Lots of people try these out and then give up after a month or two because the gains aren't significant, but if you're looking to pad your wallet just a bit, easy surveys are a real option. You can also start working on freelance writing and copyediting. While it takes years to become a full-time writer, it's not impossible to find companies that outsource small projects that will pay you anywhere from $5-$100.

3. Turn a hobby into money.
Do you love baking or drawing or knitting or organizing? Start an Etsy page and sell things you make, or advertise your services as a professional home organizer and see if people will book you for an hour on a weekend when you're available. If you're searching for a way to make money, you probably aren't going to find something that's tailor-made for your abilities. Instead, you should see if you can create the opportunity that fits your schedule and skill set.

The thing I love most about searching for passive income and side hustles is how often these efforts lead to more fulfilling careers. Time might seem like an insurmountable hurdle, but where there's a will there's a way. Good luck, Beverly!


Taylor Kovar September 28, 2018
More "Go Far With Kovar"

Disclosure: Information presented is for educational purposes only and is not an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. To submit a question to be answered in this column, please send it via email to Question@TaylorKovar.com, or via regular mail to Lessons on Wealth, 106 E Lufkin Ave., Lufkin, TX 75901.

"Go Far With Kovar"

  • Is There a Better Way to Earn Returns on Cash? 9-21-18
  • Is Debt Relief a Scam? 9-14-18
  • How do I Ask for a Pay Raise? 9-7-18
  • What is a Financial Calendar? 8-31-18
  • Is it Possible to Avoid Bank Fees? 8-24-18

    more »

  • Texas Escapes Online Magazine »   Archive Issues » Go to Home Page »
    TEXAS TOWNS & COUNTIES TEXAS LANDMARKS & IMAGES TEXAS HISTORY & CULTURE TEXAS OUTDOORS MORE
    Texas Counties
    Texas Towns A-Z
    Texas Ghost Towns

    TEXAS REGIONS:
    Central Texas North
    Central Texas South
    Texas Gulf Coast
    Texas Panhandle
    Texas Hill Country
    East Texas
    South Texas
    West Texas

    Courthouses
    Jails
    Churches
    Schoolhouses
    Bridges
    Theaters
    Depots
    Rooms with a Past
    Monuments
    Statues

    Gas Stations
    Post Offices
    Museums
    Water Towers
    Grain Elevators
    Lodges
    Stores
    Banks

    Vintage Photos
    Historic Trees
    Cemeteries
    Old Neon
    Ghost Signs
    Signs
    Murals
    Gargoyles
    Pitted Dates
    Cornerstones
    Then & Now

    Columns: History/Opinion
    Texas History
    Small Town Sagas
    Black History
    WWII
    Texas Centennial
    Ghosts
    People
    Animals
    Food
    Music
    Art

    Books
    Texas Railroads

    Texas Trips
    Texas Drives
    Texas State Parks
    Texas Rivers
    Texas Lakes
    Texas Forts
    Texas Trails
    Texas Maps
    USA
    MEXICO
    HOTELS

    Site Map
    About Us
    Privacy Statement
    Disclaimer
    Contributors
    Staff
    Contact Us

     
    Website Content Copyright Texas Escapes LLC. All Rights Reserved