Passive income means earning money without actively working and is important for achieving financial independence. Here are some ways to earn passive income:
Rental Properties: By investing in real estate, you can earn regular income from rental properties. Choosing the right properties and finding good tenants is important.
Stocks and Dividends: Investing in dividend-paying stocks can provide regular dividend income. Invest by evaluating the long-term performance of the stocks.
Digital Products: Selling digital products such as e-books, online courses, or digital art can generate passive income. These products can provide continuous income once created.
Blog or YouTube Channel: By creating your own blog or YouTube channel, you can earn passive income through advertising revenue and sponsorships. It is important to produce quality content and reach a wide audience.