In today’s world, passive income has become an increasingly popular way to make money. According to the United States Census Bureau, 20% of American families earn around $4,200 in passive income via dividends, interest, or rental assets per year. Passive income is money that you earn without having to actively work for it on a regular basis. It’s an income stream that requires upfront effort but can provide a long-term financial benefits. In this blog, we will explore what is passive income and the 30 best passive income ideas for 2023.