How to Turn $10,000 Into Steady Passive Income

Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passive income. If you have $10,000, here are eight common passive investments to consider. Investing in passive income can allow you to make money with minimal portfolio management. There are many types of investments to make passive income. If you have $10,000, here are eight common passive investments to consider.

1. Dividend stocks pay out dividends to shareholders periodically. A dividend represents a percentage of a company’s profits. 2. Real estate can generate passive income if you’re collecting rent from tenants on a monthly basis. 3. Dividend ETFs and index funds. 4. Bonds and bond funds. 5. Peer to peer lending. 6. High-yield savings accounts. 7. Annuities. 8. Certificates of deposit (CDs).

Source: Yahoo Finanace

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