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An escape in the 9-to-5  job. There are dozens of ways to generate passive income. Here are our favorite 31. Passive Income: What it is and Why You Want ItThere is a great deal of chatter in the personal finance world about passive income, why you need it and how good it is.

This includes royalties from publications, videos, or songs and also revenue that comes from real estate investments or business investments in which you dont have to be present to earn it.Some passive income ideas take a degree of upfront work to earn, like writing an e-book and a few dont require any effort at all, like investing using a robo advisor.Having passive income streams might not replace your entire salary if you should lose your job but having something coming in is better than having nothing coming in.

It doesnt usually work that way. Though some people make a fantastic living from one form of passive income, its common that you will have small amounts from a few different sources coming in.Choose a couple of things that sound interesting to you and try them out. Try to select a few that do require any work as an e-commerce site and a few that dont like buying dividend yielding stocks.Something will appear that either you enjoy the most or will be making the most money.

Put a little time and effort into it. We all hear stories about sites making thousands of dollars a month but what we dont know is how long and effort went into that site before it was able to break even, never mind make money.Get our very best money lessons:How to Use This ListEach suggestion is ranked by how much effort you need to put in up front before you could begin seeing some money come in.

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You should try out a few of the very low effort passive income ideas and one or two of the higher effort ones and see which work best for you.InvestingInvesting is the ultimate and most this post accessible form of passive income. You can undoubtedly devote a lot of time to researching companies and markets, but you dont need to do this to invest.

There's no minimum to investthe fees are low, between 0.25-0.40%, and you dont have to know anything about money or investing to get started. Betterment offers automatic rebalancing and tax loss harvesting.To make things even easier, you can set up automatic deposits from your checking or savings account into your Betterment account.

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As it turns out, Acorns will pay you $5 to start investing together for as little as $1. Thats a 500% return, plus its likely time you started investing in your future. They even have attributes like round-up and found money which lets you find free money from places you website here already shop at.

Chances are the funds in your account are filled with charges and that should scare you even 1 percent in fees can eat 25 percent of your returns over 30 years.Not only will they slash your charges so that you keep more for retirement, theyll also rebalance your portfolio based on your age and supply open-ended fiduciary grade advice.Want to know whether you have to refinance your mortgage Ask them.

Plus, they will give your retirement accounts a free analysis so if youre of this DIY type you can just take their advice and go implement it yourself, for free.Personal Capital: Personal Capital includes a minimum that is out of reach for many of us, $100,000. The prices they charge are also greater than some fellow robo advisers at 0.49-0.89%.

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And the more information you have, the more intelligent your investment decisions will be. You can use Personal Capital to monitor the performance of your investments throughout all your accounts. Additionally they also have a 401k fee analyzer. Weve talked in the past about how even seemingly tiny fees can eat into your retirement accounts.

Armed with this information, you can move your money to an account with reduced fees, like Vanguard which charges just 0.20% and has a record of excellent performance.We did a full review of Personal Capital and an overview of the 401k fee analyzer since we feel its so important.Vanguard: Vanguard has a minimum of $50,000 and a fee of 0.3%.

We included Vanguard because clients who invest between $50,000-$500,000 have access to a team of financial advisors. Those with accounts over $500,000 will have a committed advisor.If youre looking for a place to begin, all these are what we think would be the ideal vanguard funds.  We also did an episode on what Vanguard is all about.Dividend Investing: Effort 1 When you own stock in a company directly or through a fund you may receive dividends.