What are passive income ideas for devs - How I make $5k/month

Description

Hey nerds, welcome back to the channel. Today, we're diving into nine passive income ideas for software engineers. I’ll share how tough it is to get started, and the effort needed to keep each income stream going. Right now, these nine sources bring in about $5,000 a month for me, and it’s taken three years to get here. So, while these numbers might seem high, just remember—patience and consistency are key. First off, let's talk about what I mean by "passive income." Despite the term, there's no truly passive way to earn money; every method needs some initial effort. When I say passive income, I mean money that isn't directly tied to your time. Think about writing a book. You put in the hard work once, and after that, each sale generates royalties, letting you earn while you sleep. The journey to passive income is long and doesn't align with any "get-rich-quick" schemes. Ignore ads or comments suggesting you can quickly amass wealth through dubious methods—they're scams. Real wealth comes from providing value, not shortcuts. So, if you're serious about creating passive income, focus on long-term strategies and avoid quick fixes. Now, let's explore these nine passive income ideas for developers and talk about how you can start and scale each one. Alright, let’s get into it!