What are the best passive income streams I can start with?
There are several great options for passive income, such as real estate investing, dividend stocks, and peer-to-peer lending.
Can you explain how real estate investing works for passive income?
Sure! Real estate investing involves purchasing properties to rent out. The rental income can provide a steady cash flow.
What about dividend stocks? How do they generate passive income?
Dividend stocks pay shareholders a portion of the company's earnings regularly. Investing in these can yield consistent income.
Are there any online platforms for peer-to-peer lending?
Yes, platforms like LendingClub and Prosper allow you to lend money to individuals or small businesses in exchange for interest.
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