We work too hard for every dollar we make, and the only way to get out of the rat race is to make money while you sleep. Passive income is one way to financial freedom. Nurses sometimes work overtime because they have financial needs and that 1.5-hour pay can be helpful, but do not forget you get taxed more for working overtime! One way to make passive money is through what I call automation. With automation, you can generate multiple streams of income and not trade your valuable time for money. Spend more time with your family!
5 ways to generate passive income

1. Lending Club: Lending Club is a genuine lending site, and they help you invest your money. You serve as a bank for people who need loans, and you charge interest on your money. You can select you to loan your money to by using their credit ratings. It is pretty easy, and the minimum to open an account is $1000. Lending Clubs is a form of peer to peer lending. So, become the bank for once and not the borrower!

2. Fundrise: Fundrise is a real estate investing platform that allows you to invest in properties across the country without having to deal with the hassle of owning a property. The minimum amount needed to open an account is $ 500, and you would choose which property to invest your money in. Fundrise helps you build a portfolio in real estate, and you sit back and watch your money grow. Fundrise averages between 8.7-12.4% in annual returns, which is better than what the banks are offering in a savings account, and their fees are quite low. Fundrise is one way to make your money work for you.

3. Start a blog: When I started my blog, one of my fears was being able to communicate in a way people would understand and enjoy. I realized that the hardest step is starting the blog. Go to godaddy.com, buy a domain name and hosting, and the rest will come naturally. Start writing one blog a week, and you can monetize your blog and also add Google Adsense. When you monetize your website, you improve your chances of making money through visitors on your site. Blogging is one way to make passive income as a nurse. Write about what you have a passion for!

4. YouTube: Start a youtube channel; shoot your first video. It does not have to be perfect the first time, but when you start making money from your channel, you can re-invest your earnings into better equipment, lighting, and editing tools. You monetize your videos and start earning. Try to be yourself and be interesting.

5. Amazon Fulfillment: You need to have products you want to sell then ship the products to an Amazon warehouse. Amazon handles shipping and payments. Once your item sells, you get an email alert, and you get paid! You do not have to worry about shipping and handling. Amazon does all the hard work for you.
So, there are ways to make your money work for you. You do not have to work 6 days a week to make ends meet. You just have to be smart with your money. Delayed gratification is essential in achieving financial freedom. You have to discipline yourself and not make impulse purchases. Always remind yourself of the freedom you can achieve by making your money work for you. Work smart, not hard!