8 Best Passive Income Strategies

Earnings without active effort. It's residual, not a second job—money working for you, not the other way around.

Passive income comes without active involvement, while active income results from performed services, resembling a job. There's a key distinction.

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High-yield savings accounts offer 2%+ interest, gaining popularity as alternatives to traditional savings with attractive returns.

High Yield Savings Account

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Dividend stocks offer both growth and regular payouts. Depend on dividends for income, but beware of market fluctuations affecting payments.

Dividend stocks  

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REITs let small and big investors own a piece of income-generating commercial real estate. It's like a share in property profits.

REITs  

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Owning a rental brings income, deducting mortgage, taxes, and upkeep. Enjoy earnings without the hassle of daily management.

Rental Properties  

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Bonds, issued by governments or companies, let people invest, promising full repayment with interest. It's a way to raise funds.

Bonds  

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Peer-to-peer lending attracts both borrowers and lenders due to flexibility. Unlike standard loans, lenders profit from borrowers' interest payments.

Peer-to-peer lending  

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Create a YouTube channel as a smart side hustle. Make money with ads and sponsorships once you hit the viewership threshold.

Start A YouTube Channel

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Index funds are hands-off; pros manage them. Investors just pick a fund, no need for active involvement. Easy investing.

Index funds  

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