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What Are Passive Income Strategies and How Can I Use Them in 2025?


Published on 2025-01-18 15:20:49 - Kiplinger
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  • Something these inflationary times have clarified is that we could all use a little more money in our bank accounts. It's a simple fact: Life has become much more expensive. Passive income is a way to generate extra money and overcome a hurdle that's getting higher and higher without knocking yourself out.

The article from Kiplinger discusses various passive income strategies that can help individuals earn money with minimal ongoing effort. It outlines several methods including investing in dividend stocks, which provide regular payouts; real estate investments through rental properties or real estate investment trusts (REITs) that offer income through rent or dividends; peer-to-peer lending where investors can earn interest by lending money to individuals or small businesses; creating and selling digital products like eBooks or courses; and utilizing high-yield savings accounts or certificates of deposit (CDs) for safer, albeit lower, returns. The piece also touches on the importance of understanding the tax implications of passive income, the need for initial investment or effort to set up these income streams, and the potential for these strategies to provide financial stability or additional income, thereby enhancing one's financial independence.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/what-are-passive-income-strategies-and-how-can-i-use-them ]
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