To start generating passive income, begin by exploring options such as real estate investments and dividend stocks. For real estate, consider purchasing rental properties that can provide a steady income stream through monthly rent. Alternatively, you can invest in Real Estate Investment Trusts (REITs), which allow you to earn from real estate without managing properties directly. For dividend stocks, start by researching and investing in well-established companies that regularly pay dividends. Open a brokerage account, and build a diversified portfolio to reduce risk and ensure a consistent income.

Additionally, you can explore other passive income opportunities like creating digital products (e.g., e-books, online courses), investing in peer-to-peer lending platforms, or setting up a high-yield savings account. The key is to start small, educate yourself thoroughly, and gradually expand your investments as you gain more experience and confidence.