How to Make Over $10k/mo in Passive Income in 2023
Making passive income is a great way to make a steady stream of income with minimal effort. With the power of technology and the internet, making passive income has become even easier and can be done from any part of the world. It is possible to make more than $10K/month in passive income by 2023 if you understand the fundamentals and follow some simple steps.
Start Investing Early
Starting early is key. You will have more time to build up your passive income sources and benefit from compound interest. Use apps like Acorns and Stash to get started with investing. They can help you manage your portfolio and create a savings habit that can grow over time. Pick long-term investments such as stocks, mutual funds, real estate, or bonds to maximize your return.
Maximize Your Retirement Fund Contribution
Contributing to your retirement fund is one of the best ways of …