Why wait for a government check when you can take control of your financial future? Discover how to create your own passive income streams and achieve financial stability without relying on uncertain government aid.

Passive income is money earned with little to no ongoing effort, unlike traditional income that requires active work.

High-yield dividend funds are an attractive way to invest. You get what can be a highly stable payout from a diversified collection of securities. The best high-yield exchange-traded funds (ETFs) can offer a growing payout year after year,

Oil stocks can be excellent sources of passive income for investors who can stomach the volatility of the cyclical energy sector. ConocoPhillips (NYSE: COP) is the largest U.S. exploration and production (E&P) company by market capitalization and has an elite portfolio of assets that can perform well even at weaker oil prices.

Baby boomers looking to set up their portfolios for a relaxing and rewarding retirement have plenty of factors to consider. Of course, maximizing one’s passive income in retirement is great for those looking to potentially live off dividends (in combination with social security payments) and not have to sell much,

Investing in dividend growth stocks is a great way to achieve financial independence. Read more to see my 2 high-yield dividend stock picks.

Investing in exchange-traded funds (ETFs) is one of the easiest ways to start generating passive income. You don't have to manage a portfolio of stocks. Instead, you can buy a few diversified funds and just sit back and watch the income passively flow into your portfolio.

Five BofA Securities US 1 stocks offer serious upside potential and substantial dividends, making them ideal for passive income investors.