Passive income: Can easy side hustles earn big money?

During the 2020 pandemic, Sajan Devshi, a 38-year-old from the UK, became intrigued by the concept of passive income. This is the idea of earning money with minimal ongoing effort. He saw people on social media discussing various ways to make money, from cryptocurrencies to online businesses, and it sparked his interest. Sajan wanted to find a productive way to use his evenings, so he began researching these opportunities after his day job and family responsibilities. nnPassive income has traditionally been associated with the wealthy, who could afford to invest in properties or stocks that generate regular income. However, the pandemic has changed this perception, with younger generations finding innovative ways to create passive income streams. Social media platforms like TikTok and Instagram are filled with posts and videos promising easy money-making methods. Yet, while some individuals have succeeded, others, like Sajan, have discovered that it requires more effort than initially anticipated. nnSajan launched an educational website to earn passive income, but it demanded more time than he expected. Similarly, Thomas Blake, a student from Toronto, was drawn to the idea of passive income to supplement his future earnings. He experimented with 'phone farming' but found the returns were not as high as online claims suggested. Despite the challenges, experts believe that the shift towards remote and flexible work could provide more opportunities for passive income. The narrative that only the wealthy can generate passive income is changing, and more people are exploring these avenues.