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