Develop 1K per month in passive income.

I have a regular USD$12, or thereabouts, generating passively every month now. It’s such a tiny amount, but it is completely passive income. Now if I can just replicate what I’ve done there another 84 times I’d be right ;-)

Starting at the very beginning with this one and breaking it down into baby steps.

My first action is to investigate the various ways of developing a passive income stream and determine which one/s I am able to / would like to pursue.

At the moment I have about 5k per year coming from share dividends and an online internet bank account. What I want to do is increase this amount with the use of some sensible moderate gearing as well as general saving.