#passive-income

#passive-income

Many Boomers in 2025 need dependable passive income, and one outstanding way to achieve this is to invest in exchange-traded funds (ETFs). Unlike open-end mutual funds, ETFs trade on major exchanges like stocks. They own financial assets, including stocks, bonds, currencies, debt, futures contracts, and commodities such as gold bars. Having more passive income can help cover rising costs, such as mortgages, insurance, taxes, and other expenses.

Growing one's asset value over time is great, but having something to show for this growth over time is also very valuable. For many of the smartest and most conservative investors out there (such as Warren Buffett), there's a trend many will notice in dividend stocks and other income-producing assets often making up a larger share of their portfolios than the industry average.

Launching a profitable side hustle is easier with the right prompts. Nearly 40% of Americans have a side gig and 61% say their life would be unaffordable without the extra income, according to LendingTree. Side hustlers report average monthly earnings of more than $1,200. With these seven ChatGPT prompts, you can generate side hustle ideas, validate demand and launch a successful business with confidence.