Got $1,000? Here's How to Turn it Into as Much as $74 of Annual Passive Income.

There are a multitude of ways to start generating passive income. One of the most common is to invest in real estate. That strategy would allow you to earn rental income that you can use to offset some of your expenses. The easiest way to invest in real estate is through a real estate investment trust (REIT). These entities own a collection of rental properties, which generate income that they distribute to investors. REITs are very low-cost investments, with many having share prices below $100, and are mor ...