There's nothing better than earning passive income. Getting a check month after month and year after year without having to do the work to earn it is a beautiful thing. As the broader market gets hammered, reliable passive income streams are more valuable than ever. And thankfully, due to the current market volatility, it's also a favorable time to scoop up passive-income-generating investments for a steal.

If you're getting started on the path to building passive income, here are two ways to generate $1,000 or more in passive income each month.

Rental income can be an extremely reliable source of passive income. The key is to find a rental property that generates enough cash flow or income from the rent to not only pay for the property's expenses -- like a mortgage, property taxes, insurance, or maintenance -- but also provide some extra money each month.

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Source Fool.com