How Can I make $100K a Month in Passive income?Making $100K a month in passive income is a significant financial goal that requires careful planning and execution. Here are some potential strategies you could consider:
Invest in dividend-paying stocks: One way to generate passive income is to invest in dividend-paying stocks. Look for companies with a long history of paying dividends and a stable financial track record.
Build a rental property portfolio: Real estate investments can generate significant passive income through rental properties. Purchase properties in desirable locations and manage them efficiently to ensure consistent cash flow.
Create and sell digital products: Develop a digital product, such as an online course or e-book, and sell it through a platform like Amazon or Udemy. Once created, the product can generate passive income with minimal effort.
Build a successful blog or YouTube channel: Create content that provides value to your audience and attracts a large following. Monetize your blog or channel through sponsorships, advertisements, and affiliate marketing.
Invest in a business: Consider investing in a profitable business as a silent partner or shareholder. This can generate significant passive income if the business performs well.
It's essential to note that building a passive income stream takes time, effort, and often significant capital investment. It's crucial to do your due diligence and consult with financial experts before embarking on any investment or business venture
