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Hey everyone! I know the phrase “passive income” makes your eyes light up because it sounds like a dream, right? Just sleep and watch the money roll in!  But let’s get real about passive income — it’s not a get-rich-quick scheme. It requires capital, and not just money. Capital also means the time and effort you put into building the asset that will generate income. Whether it’s dividends, interest, cash flow, or rental income, you need to invest time and effort upfront.  So, if someone tells you passive income doesn’t need much capital or time, be cautious. In this post, I’ll guide you on how to earn a passive income of $1,000 per month. But remember, it will require some investment — both in terms of money and time.  Let’s dive in! Photo by Blogging Guide on  Unsplash 1. Real Estate Investment Trusts (REITs) Overview: REITs allow individuals to invest in income-producing real estate without owning the properties directly. They pool funds from investors to pu...

Imagine earning money while you sleep, study, or hang out with friends. As a student in Singapore, the thought of passive income can seem like a dream. However, with the right strategies and determination, you can turn this dream into reality and achieve financial independence without compromising your academic goals. Introduction In today's fast-paced world, many Singaporean students face the challenge of balancing their studies, social life, and financial needs . The high cost of living and educational expenses often leave students feeling stressed and financially constrained.  This comprehensive guide will teach you how to generate passive income effectively, allowing you to focus on your studies while building a steady income stream. Let's dive into the world of passive income and discover how you can start earning today. Understanding Passive Income Passive income is money earned with minimal active effort. Unlike a part-time job, which requires regular work hours, passiv...