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Passive Income: How to Earn $25 Per Day in 2021
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The COVID-19 pandemic disrupted not only the lifestyles but also the long-term financial goals of people. Ironically, and amid the uncertainties, Canadians themselves could save the country’s economy in 2021. Households added a massive $127 billion to savings in 2020.
A senior managing director at Investor Economics, Carlos Cardone, said that if the money is redeployed into investments or expenditures, it might well be the engine for the economy’s recovery. The lockdowns also spawned resourcefulness and passive-income ideas for those staying at home.
Besides federal aid, Canadians found ways to create additional income support. Among the simplest and age-old proven approach is to invest in dividend-paying stocks. In this challenging environment, it’s possible to earn $25 per day in 2021.