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

Diversification comes in a variety of flavors, from gaining exposure to different sectors to buying stocks that have varying market capitalizations. Income investors, in particular, can benefit from diversifying their sources of passive income with exchange-traded funds (ETFs) that pay out more than the benchmark S&P 500's current yield around 1.

Warren Buffett's safest passive income stocks are perfect for baby boomers looking to supplement Social Security or pension payments.

Read here for 5 dividend stocks that offer a rare combination of high yields, wide moats, strong balance sheets, and growing payouts for a lifetime of passive income.

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.

Most big-cap stocks and your favorite tech stocks may be rallying right now, but the market is still walking a tightrope this year as inflation is stickier than expected and the recent round of government layoffs could end up lifting unemployment.