5 Passive Income Ideas For Data Scientists

Author(s): Egor Howell

Originally published on Towards AI.

How Data Scientists can gain some extra income
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Let’s quickly define what we mean by “passive income.”

No income is truly passive, there is always some initial work required to create the product. Passive income refers to earning money that is not directly tied to your time.

You could argue that investing is the most passive.

For example, buying a property and renting it out is a form of passive income. The initial work is to get the required capital to purchase the property, but after that, the rent will go straight into your account with no further work needed on your part.

In this article, I want to discuss five passive income ideas you can start as a Data Scientist that will generate some extra income and enhance your career.

It’s important to mention that these things take time and you shouldn’t expect immediate results. You need to give it at least one year, if not three, to see any sizeable returns.

Needless to say, nothing in this article is financial advice.

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Published via Towards AI