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GOBankingRates
GOBankingRates
Angela Mae

Side Gigs vs. Passive Income — Which One Is Better for Building Wealth?

franckreporter / Getty Images

Roughly four in 10 Americans (41%) have a side hustle and earn an average of $2,241 monthly, according to a recent PYMNTS report. That’s a significant amount of people — and money — but is it the way to build true wealth? Or is passive income the way to go?

Here’s a breakdown of which money-making method is better for building wealth and why.

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