From Financial Modeling Prep: 2024-10-03 06:31:42

Passive income is a key to financial independence, providing stability and flexibility. Dividend-paying stocks offer steady income and long-term growth potential. Real estate investments, including rental properties and REITs, can diversify income sources. Peer-to-peer lending offers high returns with moderate risk. Index funds and ETFs provide stress-free investing with low fees and diversification. Creating digital products and affiliate marketing can generate income with minimal effort. High-yield savings accounts and CDs offer low-risk, steady returns. Building a passive income stream takes time, research, and commitment, but can lead to financial security and freedom. Evaluate your goals and risk tolerance before choosing a strategy.



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