I love to generate passive income. It gives me more money to invest. It also provides me with more peace of mind, knowing I'll have supplemental income to help cover my bills if needed. I eventually want to become financially independent by generating enough passive income to cover all my basic living expenses. I strive to increase my passive income each month by investing in additional income-generating assets. Buying high-yielding dividend stocks is a core aspect of my income strategy. Three that I plan o ...