We all want passive income, including teens.
But it can be difficult to manage.
And with so many passive income opportunities out there – it can be hard to find the right option for you.
In this post, I'll explore the best passive income ideas for teens, how you can get started, and much more. Let's dig in!
Best Passive Income Ideas for Teens
Below are some of the best passive income ideas for teenagers looking to boost their passive income streams.
Start a Blog
Blogging can be on of the best passive income ideas for anyone, including teenagers.
If you're passionate about a topic, starting a blog can be a great way to share your thoughts and make a little money while you're at it.
There is one catch, however.
Your blog won't become a passive side hustle until it reaches a certain point.
This means you'll need to put in a significant amount of work until your blog is generating enough traffic to make passive income.
But once it does, the sky is the limit! You can make money through affiliate marketing, display ads, and so much more.
Some blogs make over $10,000 a month from their site. How does that sound!? While you won't make $10000 overnight – you can still make a great income over time.
Start a YouTube Channel
YouTube has become increasingly popular – providing teens a great opportunity to make passive income.
Similar to blogging, it can take some time to grow your YouTube channel.
But once you have a decent following, you can start monetizing your videos through affiliate marketing, ads, and more.
Once you reach certain qualifications, you can join YouTube's Partner Program, which allows you to make money through ads on your videos.
The amount of money you can make from a YouTube channel varies depending on a number of factors, including your niche, video quality, and more.
Some YouTubers make over 7-figures a year from their channel.
Sell Online Courses
Another great way to make passive income as a teen is by creating an online course.
With this idea, you'll find a topic or skill that you're interested in or are good at and teach it to others through a couse.
This can be anything from cooking to programming.
To create an online course, you can use a platform like Podia or Teachable to host all of your files.
The challenging part is when it comes to selling your course. Because there are so many courses already available, you'll want to be sure that your course stands out.
If you want to start earning passive income online, selling online courses can be a great option for teens to develop multiple income streams.
Start a Podcast
Podcasting is another form of content creation that can be turned into a passive income stream.
Similar to starting a blog or YouTube channel, it takes time and effort to create a successful podcast.
But once you do, you can start monetizing your podcast through sponsorships, ads, affiliate marketing, and more.
There are many ways to make money from a podcast, and some podcasters make over $50,000 a month.
Invest in Real Estate
Investing in real estate is one of the best passive income ideas because of how easy it is to get started.
There are a few ways to get started with real estate investing, such as through a real estate investment trust (REIT) or crowdfunded real estate platforms.
With an REIT, you can invest in a portfolio of properties without having to own or manage any of them yourself.
This is a great way to get started with real estate investing and can provide great returns.
Crowdfunded real estate is similar to a REIT, but with more control.
You can choose which properties you want to invest in and have a say in how they're managed.
This is a great way to get started in real estate if you're looking for more control over your investments.
Invest in Stocks
Another way to invest your money and make passive income is through the stock market.
There are several different ways you can invest in stocks, but I recommend sticking to index funds, mutual funds, and ETFs.
These are all low-risk investments that can provide great returns over time because of how diversified they are.
You can also opt to invest in dividend stocks, which are stocks that pay you money from their profits.
Stocks are a great way for teens to build their passive income sources and reach financial freedom over time.
Sell Digital Products
Just like selling online courses, you can also make passive income by selling digital products.
This could be anything from e-books, to printables, or much more.
Creating and selling digital products is a great way to make money online because it doesn't require much upfront investment.
You can create the product once and sell it over and over again.
This is a great way to make money if you're creative and have some knowledge to share.
Build an App
If you have some software engineering skills and understand computer basics, you can make passive income by building and selling an app.
While this will certainly take more time and effort than some of the other ideas on this list, it can be a great way to make money if you're able to create a successful app.
There are a number of ways to monetize an app, such as through ads, in-app purchases, and more – making it a great passive income idea for teenagers.
Open a High Yield Savings Account
If you want to start making money while you sleep, using a high yield savings account can be a tremendous option.
With a high yield savings account, you can earn as much as 10 times the amount of interest compared to a traditional savings account making it a no brainer.
My favorite account is through CIT Bank.
There are no fees and to open an account, you only need $100 – making it a great way for teens to earn passive income.
If you're a teenager looking to make passive income, there are plenty of options out there.
Between starting a blog, investing in dividend stocks, or selling digital products, there are many ways to make money on autopilot.
Try a few ideas and see which ones work for you.
Forrest McCallForrest is passionate about helping others grow their passive income streams so they can reach financial freedom. He has been quoted in many popular finance publications including Business Insider, Bankrate, CNET Money, and more.
Download this cheat sheet to learn the best passive income ideas