It may sound like a fantasy to be able to earn money with little or no effort, but there are various ways to create passive income streams that can significantly boost your net worth over time.
Passive income is steady revenue that requires little or no effort to maintain. To get started, you may need to make a financial investment or put in some time. However, once the revenue stream is established, the profits can mount with little additional activity on your part. In some cases, you may be able to just sit back and watch the money come in.
What follows are several ways to earn passive income.