How to generate passive income in the year 2024?

[Good-Guy]

The year 2024 has started. Today is the first day of the year 2024 and this new year has brought new hopes with it. However, the main problem is that there are many people who are also anticipating many different kinds of challenges in this new year as well. This is why they have been looking forward to face several kinds of issues. There are many people who are facing problems like unemployment. Under such kind of circumstances, they may be searching for different way to generate passive income.

Investing in potential stocks

This is also one of the greatest ways to increase your wealth in the year 2024. Investing in stocks include purchasing stocks that have a really high chances of gaining value and momentum in the market. However, you need to do your homework and analyse the demand of stocks and the performance in a really careful manner before you even plan to create your portfolio. This is because investing in the stock market could be really tricky.

Investing in a business

passive income could be generated if you invest money in any kind of business. You must consider various factor before you invest in any kind of business. The future prospect of the business should be considered in the best way. So, what kind of business do you think would be profitable in the year 2024?

 

[Augusta]

We just have to normalize generating passive income from this year especially for those that are yet to start theirs it is possible to achieve this. One can start with creating digital products such as e-books, online courses to sell

Another is creating a blog or website to monetize. it is to attract an audience and monetize them to make money

Another way is by running real estate business you can make passive income through renting out the apartment to others.