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Got $1,000? Here's How to Turn it Into Up to $140 of Passive Income Each Year.

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  Generating passive income can help increase your financial flexibility. The more income you can collect from passive sources, the less reliant you'll be on your job to meet your financial needs. Investing in dividend stocks can be a very easy way to make passive income.

The article from MSN Money discusses various investment strategies for turning a $1,000 investment into passive income. It suggests investing in high-yield savings accounts, certificates of deposit (CDs), or money market funds for safer, albeit lower, returns. For those willing to take on more risk for potentially higher returns, it recommends dividend stocks, real estate investment trusts (REITs), or peer-to-peer lending. Specifically, it mentions that by investing in stocks with a 4% dividend yield, one could earn $40 annually from $1,000. If invested in a REIT with a 7% yield, the annual income could be $70. The article also touches on the benefits of reinvesting dividends to compound earnings over time, potentially increasing the passive income to up to $140 a year if the investments grow and yields remain consistent or increase.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/got-1-000-here-s-how-to-turn-it-into-up-to-140-of-passive-income-each-year/ar-AA1yKfjU ]