Here are the Top 18 Ways to Generate Passive Income

Creating several passive income streams is a dream for many entrepreneurs. It can accelerate plans to make extra income, pay off debt, and invest in building wealth.

Passive income is all about money making money 24/7. You know the famous make money while you sleep idea.

Passive income that is always passive is usually found in the form of investments. With this type of income, you make a purchase and forget it.

Income From Stocks

First, you can start investing. Purchase and forget it. Then make money when you sell the stock down the road through capital gains.

When the bonds mature, you can reinvest the returned principal in new bonds and start a new ladder or continue adding on to your current one. 

A Bond Ladder

Income From Interest

For example, you can loan banks money in the form of a high yield savings account, and you can lend businesses money in the form of bonds. But you also earn interest when you loan money to peers.

 Real estate investing with REITs is like buying and selling stocks on major stock exchanges. These funds include commercial real estate, movie theatres, apartments, office buildings, and more. 

REITs

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