Some favour composing a short sentence to remember, and setting that as password.
I generate random letters, preferably consonants, and numbers, and then compose a sentence to remember most or all of the password.
For instance: Tfrydl50 - "Thanks for yodeling" (not real, generated as demonstration) and after a couple of repeats the numbers come up in my mind with the letters, and I don't have to look at the written copy hidden in my xxxxxx xxx xxx xxx xxxxxxx, which is awkward in the office environment.
The drawback of actual words is that one letter = one random bit approximately. My letters are fewer but randomer.
Consonants mean I generally don't run into a word filter, as if a password would be rejected because Mwsfukgst contains a three-letter rude word.