I love passive income. Besides my deep respect for earning money in my sleep, it also helped me retire early from my job.

There are many ways to leverage passive income in your daily life, but I want to focus on two ways you can start today.

Dividends are profits companies pay you for being shareholders. Covered calls are a type of options trading in which you own the underlying stocks.

Selling covered calls presents a riskier scenario but can generate higher returns than dividend investing.

Ultimately, using a combination of both of these techniques will position you for a healthy, wealthy retirement. You can even sell covered calls using your dividend stocks. Amazing!