Want $4,000 in Passive Income? Invest $10,000 in These Dividend Stocks Now

Passive income is loosely defined as income generated without active involvement. Three common sources from which investors can generate this type of income is ownership of rental property, licensing royalties, and stock dividends -- a favorite among investors such as Warren Buffett. Investing in these stocks can put investors on the right path toward achieving their financial goals and enjoying the benefits passive income brings.