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31 Passive Income Ideas to Build Real Wealth (Updated for 2023)

Good Financial Cents

The data is pretty good; however, the average person like you and I should make passive income investments through ETFs, a mutual fund, or index funds with low fees. There are two ways you can do this: Set it and forget it with a robo investment advisor Letting an algorithm manage your investments is about as passive as you can get.

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Transcript: Dave Nadig

The Big Picture

So for a while, I ran Wells Fargo’s 401(k) business because they had acquired that as part of Wells Fargo Nikko Investment Advisors. So as much as I’m personally still a pretty strong skeptic of active management, I mean, I understand the math, and the odds are not in your favor. It’s how math works.