The dream of earning money while you sleep is as desirable as ever, but not all passive income strategies stand the test of time.

Want to earn more passive income on a regular basis? Check out these three dividend stocks to buy with $15,000 right now. The post Invest $15,000 in 3 TSX Stocks for $60 in Monthly Passive Income appeared first on The Motley Fool Canada.

Sure, most of us have to work hard initially to save enough to get the passive income stream flowing. While there are lots of ways to make money passively, my favorite strategy is investing in dividend stocks.

Dividend stocks have long been a favorite for investors seeking reliable passive income. First, a conservative payout ratio of under 50% signals that the company isn't overextending itself to maintain dividends.

Invest for the long haul with a balanced portfolio. Find out why these three stocks are ideal for stability, income, and growth in retirement.

Dividends can be a great way to generate income from stocks, no matter what the market is doing. But only if the companies paying the dividends are reliable. That's why Dividend Kings -- or companies that have paid and raised their dividends for at least 50 years -- are so elite.

Four top passive income stocks are reasonable, safe ideas for growth and income investors and they offer ultra-high-yield dividends.