Some forms of passive income are not taxed at all. If you, for instance, earn thousands of dollars renting out your personal residence for up to 14 days a year, that income is tax free. (Beware, though: If you rent out your home for even one more day, all that otherwise tax-free income gets thrown into the taxable column.)
Students must notify their college “of a contract for compensation for their NIL, in a manner designated by the postsecondary educational institution.”
One of those openings went to 16-year-old Sophia Shannon.
2. Influencer: Social media influencing is a huge deal nowadays and being a social media influencer can fetch you a lot of money. An influencer is an individual who has a large following online, along with notable personalities and celebrities, in a specific region or business. If your Instagram profile/page has a large following, you can become an influencer and earn money through your Instagram posts and videos. You can earn big through sponsored posts, product ratings, template promotions, image promotions, affiliate online marketing, and personalized merchandise promotion.
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Instagram: Of the 1bn accounts on Instagram, ~500K have over 100k followers and are considered active influencers (source)
2. Become a Youtuber