Michelle Schroeder-Gardner, Graham Cochrane and Shannon Smith make thousands or tens of thousands of dollars in passive income per month. Here’s their advice.
. Selling digital products based on that"provided a passive income stream and allowed me to make far more money in a day — while putting in less time — than I did working as a freelancer."
Within just a few years, he started scaling back on music producing. He now works just 5 hours per week on his online businesses.Shannon Smith, 24, was laid off from her waitressing job at the beginning of the pandemic and spent months trying to figure out how to make up for the loss of income. At first, she worked about 10 hours per day as a fitness coach. In July 2021, she began making TikTok and Instagram videos teaching people how to build wealth and online businesses.
Smith no longer works as a fitness instructor and spends just two hours per day on her online business.Michelle Schroeder-Gardner, 33, started her blog, Making Sense of Cents, in 2011 to track the progress of paying off her college loans while working full-time as a financial analyst. She now grosses an average of $760,000 per year in passive income from it, having expanded her coverage to include advice about investing and financial products.
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