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7 Things You Must Do To Start Making $1K a Month in Passive Income

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Invest in Dividend Stocks

A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium.

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Sell Printables

As Sarah Sharkey of Clever Girl Finance noted, printables are one of the unique side hustles you can start online. These cover a variety of themes

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Create an Online Course

The courses offered run the gamut, from IT certifications to sourdough bread baking, from speaking German to learning guitar.

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High Yield Savings Account

Another effortless way to derive passive income is by investing in high-yield savings accounts.

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Real Estate Investment

Another avenue to real estate investing is to do so via REITs, which are essentially mutual funds that buy real estate instead of stocks.

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Peer-to-Peer

Peer-to-peer lending entails loaning money — as little as $10 — and collecting interest on top of getting your initial investment back, as The Millennial Money Woman explained in a blog post.

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Use Affiliate Marketing

“Now this doesn’t mean you can just hashtag your favorite running shoes on Twitter and expect to get paid.

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