Passive income is a dream for many people, but it can become a reality with the right strategies and investments. Vincent Chan, a financial influencer, recently shared six passive income streams to build wealth in 2025. One of the most accessible ways to earn passive income is through real estate investment trusts (REITs). These companies own income-producing real estate and are required to distribute 90% of their income to shareholders. With as little as $1,000, $100, or even $10, you can start investing in REITs and potentially earn decent returns.
Chan also recommended investing in businesses that require minimal effort, such as FBA stores or affiliate marketing sites. These opportunities can be entered with just a few thousand dollars and can generate passive income over time. Another option Chan discussed is Turo, a car rental marketplace similar to Airbnb but for cars. By listing your car on Turo, you can earn passive income from rentals, especially if your car is located in a high-demand area or is a higher-end vehicle.
Dividend stocks are another popular way to earn passive income. By investing in companies that pay out dividends, you can receive regular income in the form of dividend payouts. Chan suggested looking at the dividend yield and payout ratio when selecting dividend stocks. For those who prefer a more diversified approach, dividend index funds offer a variety of dividend-paying stocks in one investment vehicle.
High-yield savings accounts were highlighted as Chan’s “absolute favorite” passive income stream. These accounts offer higher-than-average annual percentage yields and are typically offered by smaller banks, online banks, and fintech companies. When choosing a high-yield savings account, it’s essential to consider factors such as interest rates, fees, and FDIC insurance coverage.
Overall, earning passive income doesn’t have to be complicated or require a significant capital investment. With the right knowledge and strategic investments, anyone can start building wealth through passive income streams. By following Chan’s recommendations and exploring different opportunities, individuals can work towards achieving financial freedom and creating a more secure financial future.
