Make money without exerting any effort. That's the idea with passive income.

It's actually a stretch, though, to say there's no effort involved. Typically, a lot of effort is required to make the money needed initially to generate passive income. You'll also likely have to put forth some effort in figuring out exactly how to achieve the goal.

Investing in stocks that pay high dividend yields is one of the easiest ways to make money without working for it. Here are three high-yield dividend stocks that could be passive-income machines.

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Source Fool.com