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Why CareTrust, Genuine Parts, And Hess Midstream Are Winners For Passive Income

Barbara Corcoran's 4 Best Passive Income Ideas

Barbara Corcoran, known from "Shark Tank," shares her top four passive income ideas in an article on MSN. She suggests renting out property as a primary source, emphasizing the benefits of real estate investment where tenants essentially pay off your mortgage. Her second idea is investing in dividend stocks, which provide regular payouts without the need for active management. Creating digital products like eBooks or online courses is her third recommendation, offering a way to earn income repeatedly from a single effort. Lastly, she advocates for peer-to-peer lending, where individuals can lend money to others and earn interest, though she notes this comes with higher risk. Each method leverages different aspects of passive income, from real estate to digital entrepreneurship, providing diverse options for generating income with minimal ongoing effort.

Read the Full GOBankingRates Article at:
[ https://www.msn.com/en-ca/money/finance-real-estate/barbara-corcoran-s-4-best-passive-income-ideas/ar-BB1n2Rhi ]