Here's an Absolutely Brilliant Way to Earn Passive Income

Passive income can mean different things to different people, including the folks at the IRS, which has a whole set of rules about income derived from businesses in which you don't materially participate. That includes, for instance, leasing equipment or participating in real estate partnerships in which you have no active management role.

For our purposes here, we'll consider passive income to be that income you get from investing in assets that generate cash flow simply because you put money into them. The stock market is a great place to do just that, and there's no shortage of dividend-paying stocks to choose from.

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Source Fool.com