7 Proven Steps to Make Over $10k/mo in Passive Income By 2023
Are you looking for a way to achieve financial freedom and generate a steady stream of passive income ? You can easily do it, and it doesn’t require as much work or money as you think. With this guide, you’ll learn how to make over $10k/mo in passive income by 2023.
What is Passive Income?
Before embarking on this journey, let’s start with the basics: What is passive income? Passive income refers to earnings generated from activities that require minimal effort once the initial set-up is complete. Common forms of passive income include rental income, affiliate commissions, royalties and interest earned from investments.
Identify Your Investment Path
To maximize your earning potential, you’ll need to select an investment path that makes sense based on your goals, interests and available resources. Some passive income streams require more money upfront, while others are relatively inexpensive but require more effort. Evaluate your options …