One of the easiest way to generate additional income for yourself is to invest in the stock market. Depending on how much time you spent researching and analysing the stocks of companies, it could be passive or active income. To me, it’s still considered passive income as I only have to research on the stocks once and review it every quarterly when the financial results are released. Sometimes there may be other announcements in between but those don’t really take up too much of my time.

Most people invest in stocks to sell it off at a higher price and earn a profit. However, there are some other people who invest in stocks for income. This is a slow way to grow wealth but has worked well for many people. Another way to invest for passive income is to buy a property and rent it out. In this way, you …