Sumon T.

When it comes to increasing our income, freelancers face a challenge. We're used to trading our time for money -- even if we charge a per project rate, rather than work for an hourly rate, we don't get paid until we've put in a certain amount of time. But there are ways to make money without that direct connection between the number of hours we work and the amount we get paid. That sort of approach to making money is known as passive income -- although passive income is a bit of a misnomer. It does take work to bring in money that way, although there is definitely potential to increase the ration of money to your time.