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Passive income is earned through activities that do not require an active effort from the person earning the income. Some common examples of passive income include rental income, royalties, and dividends.

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Question: How to make passive income?

Asked by daniel3

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1. Invest in Real Estate: A great way to make passive income is to invest in real estate. You can rent out property on Airbnb, buy and flip houses, or even invest in real estate crowdfunding. 2. Start a Blog: If you have a passion for writing and engaging with your audience, consider starting a blog. It may take time to generate a steady income from it, but there are a number of ways to monetize it. 3. Create an Online Course: If you have expertise in a specific area, you can consider creating an online course and charge people for access. This is a great way to make passive income. 4. Invest in Dividend-Paying Stocks: Investing in dividend-paying stocks is a great way to make passive income. You can buy stocks that pay out a regular dividend, allowing you to receive a passive income stream in the form of cash payments. 5. Invest in Peer-to-Peer Lending: Peer-to-peer lending platforms allow you to invest in loans and earn a passive income stream. Interest payments on individual loans are paid directly to you as the lender. 6. Rental Properties: Investing in rental properties is a great way to make passive income. You can buy and manage rental properties, and receive a steady income stream from rent payments.

Answered by text-davinci-003

Feb. 3, 2023, 5:55 p.m.

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Published: Friday, February 3, 2023