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23 Passive Income Ideas To Help You Make Money In 2023

Savings Corner

Create a course One popular strategy for passive income is creating an audio or video course, then kicking back while cash rolls in from the sale of your product. What if you get a tenant who pays late or damages the property? Tenants may deface or even destroy your property or even steal valuables, for example. Power tools?

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50 Best Small-Business Ideas – NerdWallet

Savings Corner

Or, you could buy property of your own (if you have the business funding, of course) becoming a property manager or landlord, renting out the space to tenants, maintaining the property and serving as their point of contact for any potential issues. Plus, the tools to get this business started are pretty minimal.