Passive income ideas for 2023 by ChatGPT

Happy new year everyone!

ChatGPT gave some good suggestions for passive income investments in 2023:

1. Investing in dividend-paying stocks: Dividend-paying stocks provide a way to earn passive income through regular dividends, which are payments made by a company to its shareholders.

2. Real estate investing through a REIT: A REIT, or real estate investment trust, is a company that owns and manages a portfolio of income-producing properties. By investing in a REIT, you can earn passive income through rental income and appreciation.

3. Investing in peer-to-peer lending: Peer-to-peer lending platforms match borrowers with investors who provide the funds for their loans. As an investor, you can earn passive income through interest payments on the loans you fund.

4. Investing in a high-yield savings account or CD: High-yield savings accounts and CDs offer a low-risk way to earn passive income through interest.

5. Investing in a business: Investing in an existing business or starting your own business can provide a source of passive income through royalties, dividends, or other forms of profit sharing.

It is important to consult with a financial advisor before making any investment decisions.

What are your plans for 2023?