Q:

How can you make money without working?

A:

Quick Answer

Some ways that people earn money without working are through collecting interest or dividends from investments or by being the beneficiary of an inheritance. People may also earn money without working by receiving royalties, residuals or other passive income from work that was done in the past.

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Full Answer

When people earn money without working, they may not be doing any work at the time that they receive the money, but the earnings usually involve work in some form. Either the work was done by the person themselves at some earlier date, or the work is being completed by someone else. With the rapid rise of Internet technology, the appeal of schemes to earn passive income grew. Many entrepreneurs talked about the idea of creating websites that generate passive income from selling the same product or information over and over again. It's true that there are many opportunities to inexpensively make use of virtual workforces to complete tedious or challenging business tasks. However, there is still a lot of work involved in setting up such a system. Putting the elements in place to create passive income may take months or years, and even then there is still some ongoing upkeep that is usually involved.

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