Want passive income? Imagine waking up, lounging out, and collecting checks from income streams requiring no work. You could retire early, travel the world, or leisurely tend to your garden all day without a worry about what work is getting done. And while this may seem idealistic, by investing in passive income streams, you too can obtain this freedom-first lifestyle, so many work their whole lives to get to.
But before you start planning which globetrotting trip you’ll take next, you must decide which passive income stream you’ll go after. Things like writing books or recording music come with serious royalties, but they take upfront effort to put into place. If you’ve already made some money and want a place to make no-work-needed passive income, other investments like dividend stocks might be up your alley. No matter what you decide, these seven income streams can help you boost the “mailbox money” you’re searching for.
What’s your plan for passive income? Where are you investing your time/money to make the most for your future self? Let us know in the comments below!
