7 Creative Passive Income Ideas That Don’t Involve Investing. Even with more time than money, you can still start building a passive income. For most people, our primary – if only source is our jobs. But some clever folks figure out ways to keep making money without constant effort. Those people have passive income streams. What is passive income? It’s a flow of money that is either self-sustaining or sustained with less work than a job. For instance, dividend stocks, rental property, CD’s and annuities are examples of how to generate passive income. All of these, once established, are more about occasional maintenance than work. And you probably see a theme here: A lot of the most valuable ways to make passive income sound like a retirement investment. Consider the following:
Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel United Methodist Church (UMC) in Montross, VA. Rev. Dr. Taylor promotes best practices by teaching financial literacy workshops and currently serves as Finance Chair in the Rappahannock River District for the UMC. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.