1. Investing in Stocks and Dividend-Paying Funds: Investing in the stock market can generate passive income through dividends.
2. Rental Properties: Owning rental properties can provide a consistent stream of passive income.
3. Peer-to-Peer Lending: Participate in peer-to-peer lending platforms where you lend money to individuals or small businesses.
4. High-Interest Savings Accounts and CDs: While interest rates may vary, putting money into high-interest savings accounts
5. Create and Sell Digital Products: Develop and sell digital products like e-books, online courses, software, or photography.
6. Affiliate Marketing: Join affiliate programs and promote products or services through your blog, website, or social media.
7. Create and Monetize a YouTube Channel or Podcast: If you enjoy creating video or audio content, you can monetize your YouTube channel