The 18 Most Profitable Passive Income Streams To Consider Story

Creating several passive income streams is a dream for many entrepreneurs. It can accelerate plans to make extra income, pay off debt, and invest in building wealth. But what exactly is passive income? Are these streams truly passive?

What Is Passive Income?

Passive income is all about money making money 24/7. You know the famous make money while you sleep idea. It’s about buying money-producing assets and investing time to build products that generate income without future effort.

 Income From Stocks

There are two main ways to make money from stocks. First, you can start investing. Purchase and forget it. Then make money when you sell the stock down the road through capital gains. That isn’t a continuous form of income, but it can come in handy when you’re ready to retire.

A Bond Ladder

A bond ladder is a portfolio of multiple bonds that mature at different times. When the bonds mature, you can reinvest the returned principal in new bonds and start a new ladder or continue adding on to your current one.

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