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How can I earn passive income?

Curious about money earning

How can I earn passive income?

Passive income is income that is earned with little to no effort or active involvement after the initial investment or effort. Some ways to earn passive income include:

Rental Income: Renting out a property, such as a house or an apartment, can generate passive income.

Dividend Stocks: Investing in dividendpaying stocks can provide regular passive income.

PeertoPeer Lending: Investing in peertopeer lending platforms can provide passive income by earning interest on loans.

Creating Digital Products: Creating digital products, such as ebooks, courses, or printables, can generate passive income through sales.

Affiliate Marketing: Affiliate marketing involves promoting other people's products and earning a commission on any resulting sales.

Renting Out Assets: Renting out assets, such as a car or camera, can generate passive income.

Investing in Real Estate Investment Trusts (REITs): REITs are companies that own and manage incomegenerating real estate properties, which can provide passive income through dividends.

It is important to note that while these methods can provide passive income, they may require an initial investment of time, money, or effort to set up. Additionally, it is important to carefully research and evaluate any investment opportunity before investing.

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