{"id":2024,"date":"2016-03-16T00:15:08","date_gmt":"2016-03-16T08:15:08","guid":{"rendered":"http:\/\/www.cultofmoney.com\/?p=2024"},"modified":"2016-03-15T10:22:21","modified_gmt":"2016-03-15T18:22:21","slug":"passive-income-idea-6-things-can-rent-money","status":"publish","type":"post","link":"https:\/\/www.cultofmoney.com\/passive-income-idea-6-things-can-rent-money\/","title":{"rendered":"Passive Income Idea: 6 Things You Can Rent for Money"},"content":{"rendered":"
One of the financial goals I continually strive for is to create multiple streams of passive income. Passive income is awesome. But as awesome as it is there\u2019s a huge debate of what it actually means.<\/p>\n
According to Investopedia passive income is:<\/p>\n
\u201cEarnings an individual derives from a rental property, limited partnership or other enterprise in which he or she is not materially involved. As with non-passive income, passive income is usually taxable; however it is often treated differently by the Internal Revenue Service (IRS).\u201d<\/em><\/p>\n To me passive income is something you can earn by putting in a lot of upfront work. (Like a book, for example.) Or passive income can require an upfront monetary investment that allows your initial investment to earn more money. (Like investing in the stock market.)<\/p>\n As you can see renting things can could easily become a great semi-passive income business that falls into the latter of the two categories.<\/p>\nRenting as a Passive Income Business<\/h2>\n