Passive Income: The Ultimate Guide to Financial Freedom
Rental properties: Owning and renting out real estate can provide a steady stream of income, but it also requires a significant upfront investment and ongoing management.
Dividend stocks: Investing in stocks that pay dividends can provide a regular income stream. However, the value of stocks can fluctuate, so there is risk involved.
Mutual funds: Similar to dividend stocks, mutual funds can provide a regular income stream through dividends and capital gains distribution.
Bonds: Investing in bonds can provide a steady stream of income through interest payments, but the value of bond can fluctuate based on the issuer's creditworthiness.
Online businesses: Building an online business or creating digital products can provide a passive income stream