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All products and services are presented without warranty. Passive income seems to be the Holy Grail of personal finance.
I mean when it comes to income, what could be better than earning without having to trade your time for dollars? There are two main routes to passive income — either you invest money to make it happen, or you invest time to make it happen. But is there a third option?
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Sort of. Passive income can be earned in two ways.
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The first is to make your money work for you. This could be done by investing in the stock market, real estate, or a business.
The second way to earn passive income is to invest your time. For example, you can start a side hustle.
Every time. We believe everyone should be able to make financial decisions with confidence. So how do we make money? Our partners compensate us.
It will require a lot of initial hard work and comes with no guarantees. Create An Information Product If you have expertise in any particular subject you can create an information product and sell it online. This could be a course, a guide, or an eBook.
He also shares where you can sell those courses. The information product you create could be on any topic. If you need some ideas visit Amazon and start looking at some of the best-selling book topics and see if any of those match up to your expertise.