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From passive income sources to side hustles, skyrocketing living costs have left many of us looking for ways to boost our checking account balances. In that sense, passive income -- making money without actively working for every cent -- sounds like a dream come true.
The reality is a little different. Without going all Shakespeare on you, nothing will come of nothing. To create passive income streams, you'll need a combination of time, knowledge, and money. The right passive income stream depends on your budget, skills, and available hours.