When exploring the means of creating wealth without using active income, we come across two types. There is passive income, and there is residual income. They both act very similarly, but as we talk about finance, it is better to think of the residual income.
Investing in the stock market is one of the simplest ways to create a passive income stream. Have you heard of index funds? They are one of the simplest ways to build wealth with your money in the stock market.
REITs are real estate investment trusts. These are companies that will buy up real estate and use your money to help them do it. You will get dividends from the residual income that the company makes off of its property.
If you enjoy talking with people or sharing ideas, you can start a podcast. Many podcasts pop up all over the place, but it is a newer field compared to the blogging world and offers many opportunities.