At some point, your paychecks will stop. When that happens, you'll want to have enough headed your way from passive income to cover your costs of living. Especially if you're just starting out on your journey, that can seem like a very daunting goal.

Fortunately, there are plenty of ways to generate cash once you've stopped earning your paycheck. Indeed, there is likely years' worth of passive income, hiding in plain sight. You just need to know where to look and how to plan enough in advance to take advantage of it when you need it.

Image source: Getty Images

Continue reading

Source Fool.com