Introduction
Retirement is a milestone that many people look forward to. It’s a time when you can finally kick back‚ relax‚ and enjoy the fruits of your labor. But to truly have a prosperous retirement‚ it’s essential to have a reliable source of passive income. Passive income is money that you earn without actively working for it. In this article‚ we will explore different ways to generate passive income for a secure and comfortable retirement;
1. Rental Properties
Investing in real estate and renting out properties is a popular way to generate passive income. By purchasing a property and renting it out to tenants‚ you can earn a steady cash flow each month. Rental properties can be a great long-term investment as property values tend to increase over time‚ providing you with both passive income and the potential for capital appreciation.
