Set up passive income streams for longterm financial stability from "summary" of The Best Book on How to Make Money Online by Zackary Richards
Passive income is key to achieving long-term financial stability. By setting up passive income streams, you can create a consistent flow of income without having to actively work for it. This means that even if you're not actively working, you can still earn money. One way to set up passive income streams is through investments. Investing in stocks, bonds, real estate, or other assets can generate passive income through dividends, interest, or rental income. The key is to make smart investment decisions that will provide a steady stream of income over time.
Another way to generate passive income is through creating digital products or online courses. Once you create the product, you can sell it repeatedly wit...
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