The Slick Way to Building Passive Income

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Here are three slick ways to build and generate passive income of over 50,000 dollars a year

1. Rentals

In my area buying a house is expensive however the rent is high enough to make this investment worthwhile. Focus especially on new constructions when downpayment is typically low like a pre-sale condo.

2. High Interest Saving Accounts

Look for saving accounts in Canada that offer between 1.8 to 2%. These are usually done by credit unions and online banks. EQ Bank right now has an offer of 2.3%!

3. Dividend based Investments

This is one area where I am looking to diversify my incomes. Investments thats increase their dividends yearly are especially a target area.

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