Few people have the luxury of existing without trading their time for money to sustain their lifestyles. Whether you earn a living through employment or side hustles, you probably wish you had more time with your family. You often feel like you’re missing the memorable moments you can’t get back and want to find a better way.

Of course, you may not be able to submit your resignation letter today, or want to completely halt the growth of your business empire. However, there are ways to start generating passive income, allowing you to reduce the time you spend away from your loved ones. Some successful passive incomes involve investment, while others are ventures you build out to eventually generate income with less day-to-day involvement. Here are the details on a few passive cashflow strategies you can try.