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The 7 Best Passive Income Ideas
Invest in real estate
Whether it’s buying rental properties or becoming a silent partner in a real estate investment trust (REIT), real estate can provide a steady stream of passive income.
Plus, you get to play landlord and collect rent checks without having to lift a finger.
Diversify your portfolio with stocks and bonds
By investing in a mix of stocks and bonds, you can earn passive income through dividends and interest.
Just make sure to do your research and invest in companies with a track record of paying consistent dividends.
Create an online course or ebook.
If you have a skill or knowledge that others would be willing to pay for, consider creating an online course or ebook.
Once it’s created, it can continue to generate income for you without much additional effort.
Start a blog or podcast
Building an audience online can take time and effort, but once you have a sizable following, you can monetize it through sponsored content, affiliate marketing, and advertising.
