3 Smart Ways to Build Passive Income Today

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Passive income is like a dream for those wanting financial freedom. It’s money that comes in without much work. This includes money from renting out properties, stock dividends, online courses, and more.

Marguerita Cheng, CEO of Blue Ocean Global Wealth, says there are many ways to earn passive income. “You can make courses, write e-books, or do affiliate marketing,” she explains. The right choice depends on your situation, like how much money you have, how long you can wait, and how much risk you can take.

Key Takeaways

• Passive income can be made from many places, like real estate, investments, and digital products.
• Experts say there are lots of chances to make passive income.
• Think about your money, time, and risk when picking a passive income plan.
• Passive income can bring you financial stability and freedom.
• Passive income is different from active income and portfolio income.

Understanding Passive Income Fundamentals

Passive income is a great way to secure your financial future. It’s different from active income, which you earn by working. Passive income makes money with little effort needed.