How to build passive income

Building passive income involves several steps:

First, identify a viable source of passive income. This could be real estate investments, dividend stocks, peer-to-peer lending, or creating a blog or YouTube channel.

Next, save and invest your money in your chosen source. This might involve buying properties to rent out, purchasing stocks that offer dividends, or investing time and money into creating content for a blog or YouTube channel.

Once your source of passive income is established, it's important to manage it effectively. This could involve hiring a property manager for your real estate, regularly reviewing your stock portfolio, or consistently creating and uploading new content.

Remember, building passive income takes time and effort, but the potential financial rewards can be significant.