Part 4/8:
Despite these long-standing misconceptions, there are methods to generate income that emulates passive income characteristics. Some of the avenues discussed include:
Dividend Stocks: Investing in companies that distribute profits regularly can yield returns, but in a fluctuating economic environment, reliability is never guaranteed.
High-Yield Savings Accounts: These accounts can offer attractive interest rates, but rates are subject to change based on market conditions.
Real Estate Investment Trusts (REITs): While these are typically less hands-on, returns depend heavily on market performance, which can vary significantly.