How to generate passive income?

Generating passive income can be done through several methods. One way is through investment in stocks, real estate or mutual funds. Another way is by creating an online course or digital product that can be sold repeatedly with minimal effort. Building a rental property or renting out a space can also generate passive income. Additionally, participating in affiliate marketing or earning money through ads on a website or blog can create passive income. It's important to choose a method that aligns with your skills, interests, and financial goals. With time, effort, and consistency, passive income can create financial stability and freedom.

This mind map was published on 10 May 2023 and has been viewed 79 times.