5 Unique Ways for Boomers To Begin Earning Passive Income Now
Written by
Jennifer Taylor
Edited by
Rebekah Evans
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Putting in long hours at work is overrated. If you’re currently retired or considering it in the not-so-distant future, finding ways to earn passive income is a savvy way to boost your monthly earnings.
Whether you’re already using more traditional ways to earn passive income — like investments — or not, there’s always something you haven’t yet considered.
Here’s a look at more unique ideas for boomers to earn passive income in 2025.
Garage Rental
If you no longer own a car or simply have a large garage with plenty of extra space, it’s time to cash in. List your garage on Neighbor.com to earn an average of $100 to $600 per month, as they state on their website.
When creating your listing, you’re in charge of deciding how much you’d like to earn. You also get to review renter requests — including the items they want to store in your garage — and approve them yourself.
Payments are managed by Neighbor.com — they even cover the cost if your renter doesn’t pay — so you don’t have to worry about it. This is an easy way to cash in on space you’re not currently using, without lifting finger.
Rent Out Storage Space
If you’re an empty nester living in a large house with more space than you need, rent some of it out — without getting roommates. List your extra space on StoreAtMyHouse.com to earn approximately $300 to $3,000 per year, as stated on their website.
You’re able to set the terms — like what items will be stored, how long they’ll be stored, price and renter access — leaving you in control of your space. Payments can either be handled on your own or you can opt to use the site’s billing platform.
Rent Items You Own
Put items you need, but only sometimes, to work. Items like construction equipment and tools, electronics, home and garden supplies, party wares, sporting goods and photography equipment can be listed for rent on FatLlama.com.
You’re able to set your own rental price and terms. You can also feel confident that your items will be in good hands, as all renters are verified by the company and your items are covered by a guaranteed protection.
The amount of money you’ll make depends on the price you set per item and the number of items you rent out.
Sell Downloadable Art
Monetize your artistic side. Create downloadable items on Etsy, such as digital planners, party invitations, wall art, graphics and so much more.
Simply design these items and set the price, then you’re essentially done. You don’t even have to email files to customers upon purchase, they simply download it on their own once their purchase goes through.
Earnings will vary by the price of your items and the number of sales. Etsy charges a flat rate of 20 cents per listing, a 6.5% transaction fee and a payment processing fee, so keep this in mind when setting your prices.
Advertise on Your Car
Turn your car into a moving billboard with CarVertise.com. Most personal passenger cars (95%) are eligible to be wrapped in client campaigns, according to the website.
You’ll pay zero fees and you’ll get to choose which brands advertise on your car. Earnings vary, but average $450 to $1,500 per campaign — paid in monthly installments through direct deposit, as stated on their site.
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