How can you generate passive income? To borrow a phrase from William Shakespeare, “Let me count the ways.”
Rental properties come to mind for many people when they think of passive income. Some choose affiliate marketing. Creating online videos that attract advertisers has also become popular.
I think, though, that there’s an even easier alternative. Do you want decades of passive income? Buy the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD) and hold it forever.