In your 20s, you have the opportunity to lay the groundwork for long-term financial independence. By establishing passive income streams early on, you can ensure a steady flow of money with minimal ongoing effort. Here are several ways to begin creating passive income:

  • Investing in Dividend Stocks: By investing in companies that regularly pay dividends, you can receive quarterly or annual payouts with little work on your part.
  • Real Estate Crowdfunding: This method allows you to invest in property without the need for significant capital or management responsibilities.
  • Online Courses and Ebooks: Once created, digital products like courses or ebooks can generate income with little upkeep beyond initial creation.

"The earlier you start creating passive income, the more time your money has to grow and work for you."

Here is a table outlining the steps for creating passive income from different sources:

Source Initial Effort Ongoing Maintenance
Dividend Stocks Research, Invest Monitor portfolio periodically
Real Estate Crowdfunding Research platforms, Invest Occasional monitoring of returns
Online Courses Content creation Respond to feedback, occasional updates