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As the name suggests,passive incomeis money you earn with little or no effort.
In a recent YouTubevideo, financial influencer Vincent Chan discussed some of these passive income streams.
Here are six passive income streams to build wealth in 2025, as recommended by Chan.
Also seethe truly most passive income you’re able to make, according to money coach Chloe Daniels.
REITs are companies that own income-producing real estate, according toInvestor.gov.
As Chan noted, they are required to pay out 90% of their income to shareholders.
Small Businesses
The U.S. is home to about 34.7 million small businesses, according to theU.S.
Small Business Administration, so theres no shortage of investment opportunities.
But for passive income, you want to focus on businesses that dont require your active participation.
you’re able to invest in many of these for only a few thousand dollars.
There are a couple of key things to consider, though.
First, think about your location.
Cars in tourist hotspots or bustling cities typically get the most bookings, according to Chan.
Youll also want to consider your vehicle punch in.
Higher-end cars earn more on average than other cars.
A recent analysis fromU.S.
Newsfound that the top 10 dividend-paying stocks include Ford Motor Company, Verizon and Walgreens Boots Alliance.
The lower the ratio, the better your return.
High-Yield Savings Account
Chan called this his absolute favorite passive income stream.
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