Make Money While You Sleep, Invest in These to against Recession

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When it comes to personal finance, passive income is the holy grail. And, for a good reason. A passive income gives you more time on your hands and less financial stress. Also, as we’ve hopefully learned from the COVID-19 pandemic, having multiple income streams can make all the difference in the world.

But, how can you create a passive income stream? By investing in the following eleven ideas.

1. Annuities

“As a refresher, annuities are contracts that you purchase from an insurance or annuity company with either a lump-sum payment or installments,” explains Deanna Ritchie. “Eventually, your money will earn interest, and you’ll start receiving monthly payments. You should consider purchasing an annuity if you’re planning to live a long and healthy life.”