Best Forms Of Passive Income 2024. While it may require some time or money to get started, passive income then allows you to bring in an additional income stream without trading your time for money. Passive income ideas could include things like cash flow from rental properties, dividend stocks, sales of a product (that requires little or no effort), royalties, and more.

Check out these five passive income ideas for multiple income streams in 2024. Identify a specific market in which you can apply your expertise and offer.