What are the best passive income streams?

Passive income streams can be a great way to generate additional income without having to put in continuous effort. Here are some of the best passive income streams:

Rental Income: Owning rental property is one of the most popular ways to earn passive income. You can earn monthly rental income from tenants, and over time, your property can appreciate in value.

Dividend Stocks: Dividend stocks are stocks that pay a regular dividend to shareholders. By investing in dividendpaying stocks, you can earn a regular income stream from your investments.

PeertoPeer Lending: Peertopeer lending is a way to earn passive income by lending money to individuals or businesses through an online platform. You earn interest on your loan, and the platform handles the repayment process.

Royalties: If you have a talent for writing, music, or art, you can earn passive income by selling your creative works and collecting royalties.

Real Estate Crowdfunding: Real estate crowdfunding platforms allow you to invest in real estate projects and earn a share of the profits without having to manage the properties yourself.

Affiliate Marketing: Affiliate marketing is a way to earn a commission by promoting other people's products or services. You can earn passive income by creating content that includes affiliate links and generating sales.

Digital Products: You can create and sell digital products like ebooks, online courses, and software that can be downloaded online. Once you create the product, you can earn passive income from every sale.

It's important to note that generating passive income requires upfront work and investment. It's not a getrichquick scheme and takes time to build up a stream of income.