Want to Make $100 in Passive Income? Here's a Ridiculously Easy Way to Do It
There are so many ways to start making passive income that it can be hard to know where to begin. Some methods require an upfront investment, others only demand time, and a few need both time and money. It can take a while for time-based passive income sources to pay off. However, many financial investments can start making you passive income almost immediately.
One effortless way to start making $100 in annual passive income is to invest in Realty Income (NYSE: O). Here's a closer look at why it's such an easy way to start collecting passive income.
Realty Income is a real estate investment trust (REIT). Congress created REITs in 1960 to allow anyone to invest in income-producing real estate. These entities must distribute at least 90% of their taxable income to shareholders via dividend payments to maintain their tax-advantaged status with the IRS. Because of that, REITs are usually excellent ways to generate passive income.
Source Fool.com
