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Title: Kamal Lidder Discusses the Role of Passive Income in 2025

Toronto, Canada, 4th Feb 2025 - Passive income has become a powerful tool for building wealth, especially as we move into 2025. For anyone aiming to achieve financial independence, understanding how to create and manage passive income is no longer optional—it’s essential. Kamal Lidder, a trusted Senior Wealth Advisor at Canaccord Genuity Wealth Management, stresses that passive income should be a cornerstone of every financial strategy. Whether you’re just starting or looking to grow your portfolio, now’s the time to explore how passive income can work for you. Let’s break it down and see how you can make your money work smarter, not harder.What is Passive Income?Passive income is money earned from investments or businesses that don’t require constant effort. Examples include earnings from dividend stocks, rental properties, and royalties from books or music. Unlike a regular job that demands daily work, passive income allows you to earn money with minimal ongoing effort.Why Passive Income is More Important Than EverIn an era where job security is uncertain and economic fluctuations are common, passive income provides a safety net. It allows individuals to create financial stability without relying solely on a paycheck. For retirees, passive income can supplement pensions or savings, ensuring a comfortable lifestyle. For younger generations, it offers a way to build wealth early and achieve financial freedom sooner.How Passive Income Has EvolvedPassive income strategies have come a long way. In the past, real estate and dividend stocks were the go-to options. Today, thanks to technology, there are many more opportunities. People can now earn money through digital products, online courses, and even automated businesses. The internet has made it easier than ever to c...

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