Generating passive income can help get you on the road to financial freedom. The more passive income you can produce, the less reliant you'll become on your career for income. Buying stocks that pay dividends is a great way to start earning durable passive income.

Learn how to make your crypto work for you and earn passive income through various strategies in the digital asset space.

Altria is a top choice for building passive income with stable cash flows, despite potential tech stock valuation slowdowns. Learn more about MO stock here.

Wells Fargo blasted 6.7% higher on Jan. 15 thanks to solid results, including 11% higher diluted earnings per share and 15% growth in fee-based revenue. JPMorgan Chase popped 2% on Jan. 15 and reached an all-time high on Jan. 17 in response to excellent results and another year of record revenue and net income.

Imagine relying on a single source of passive income, only to have it disappear overnight. Putting all your eggs in one basket leaves you vulnerable to financial risk.

"Passive income is money you earn without actively working for it — as opposed to earned income from a job. In general, passive income comes from putting something you own — property, money or expertise — to work. The revenue you collect in rent, dividends or ad sales are all forms of passive income," explains SmartAsset.com.

What would it take to make over $3,000 this year with only barely lifting a finger? My answer is having $50,000 and spending five minutes or so using an online brokerage. Could it really be that easy?