Another idea I've heard recommended which is somewhere in between a money site (that may be boring and you know nothing about) and a passion site (topic you know and love but not profitable) is to pick a niche you don't know much about but would love to learn. Then even though you have to do research to come up with content, it's a topic you're excited about and wanted to learn about any way, so it works.
Obviously you always have to research to be sure there is a market and a way to monetize the niche.
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