One way that you begin to easily build passive income is by investing in dividend-yielding stocks. Certain companies on the public market offer dividends, a type of periodic payment as a way of rewarding investors of the stock.
Robert Kiyosaki’s favorite passive income stream, real estate investing is a popular way to build long-term wealth while also providing you with cash flow along the way.
If you’re too scared to invest in real estate directly, a good alternative to consider is a REIT. REITs are Real Estate Investment Trusts, basically companies that own and manage real estate.
Similar to the income from book writing, royalties are something you work hard to earn, but once you have it, it will provide you with cashflow forever.
Do you have a specific skill that’s highly sought after? Are you comfortable sharing this skill with the world? If so, you might want to consider creating a course and using it to make money online.