Building a side hustle or working a part-time job is a great way to increase your income — but it can be time consuming.
Whereas, with passive income, the idea is you do upfront work and then the gig pays you while you sleep.
Insider has spoken with individuals and couples who have built passive income streams that are helping them build wealth without having to put in a ton of hours.
"I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise.
Today, he's a full-time real estate investor but spends just two to three hours a week on short-term rental business.
Persons:
Erika, Kareem Hall, They've, , Kareem, —, Erika Hall, Rachael Victoria, Kent
Organizations:
Soccer Shots, Emory, Soccer, he's
Locations:
Georgia, Scottsdale , Arizona, Scottsdale