Nite
Valued Contributor
Passive income is the money earned with minimal effort through various ventures such as rental properties, investments in stocks or bonds, creating digital products, affiliate marketing, and more. Unlike active income, which requires constant work to generate earnings, passive income allows people to make money while they sleep.
One of the key advantages of passive income is that it can continue to be earned with little to no effort after the initial investment or work has been done. However, it’s important to note that generating passive income often requires upfront effort, time, and sometimes capital investment.
Passive income is often seen as a way to build wealth and achieve financial independence because it provides people with the opportunity to generate income without having to trade their time for money. It can also provide a sense of financial security and stability, as it's not solely reliant on active work or employment
One of the key advantages of passive income is that it can continue to be earned with little to no effort after the initial investment or work has been done. However, it’s important to note that generating passive income often requires upfront effort, time, and sometimes capital investment.
Passive income is often seen as a way to build wealth and achieve financial independence because it provides people with the opportunity to generate income without having to trade their time for money. It can also provide a sense of financial security and stability, as it's not solely reliant on active work or employment
