Who wouldn't want passive income? By definition, it's cash that just comes to you without you toiling for it. You don't have to work at a job, inherit money from a wealthy relative, or even rob a bank for this money.

There are many potential sources of passive income, and not all will appeal to everyone. You might buy properties and rent them out, for example -- but that does require occasional effort and some real estate savvy. Buying a fixed annuity can set you up to collect monthly payments, too, but you'll typically need to fork over a significant sum for that annuity first.

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Source Fool.com