passive income is an attractive way to bring in income without actively putting in man-hours. By making wise investments, you can create streams of passive income that will begin to increase over time. While passive income may not be easy, with the right plan and dedication, it is possible to make more than $10k per month by 2023.
Start Investing Now
The earlier you start investing your money, the better. The sooner you start, the more decades of compounding interest you’ll have supporting your goals. Put your money in a diverse portfolio of mutual funds, stocks and bonds, or in other lower risk investments like certificates of deposit (CDs) and money market accounts.
Max Out Retirement Savings Accounts
Maxing out a retirement savings account such as a 401K or IRA is one of the best ways to build up passive income for future years. Contributing the maximum yearly allowed to …
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