My experience in the past two years motivated me to ask this question. I always hear of passive income both online and offline and many people talk glowingly about how beneficial it is to have a passive income.
However, to be engaged in having either of active or passive income, a certain amount of fund or physical presence is required. That means if you are a salary earner, a business person engaged in buying and selling or an artisan your presence and financial inputs are paramount. Likewise having a passive income requires maybe only your financial investment in most cases and your money continues working for you.
The question is about that individual who has no source of income but has the time but not the financial capacity to earn a passive income. What sources or types of passive incomes are available for this group of people?
However, to be engaged in having either of active or passive income, a certain amount of fund or physical presence is required. That means if you are a salary earner, a business person engaged in buying and selling or an artisan your presence and financial inputs are paramount. Likewise having a passive income requires maybe only your financial investment in most cases and your money continues working for you.
The question is about that individual who has no source of income but has the time but not the financial capacity to earn a passive income. What sources or types of passive incomes are available for this group of people?