Passive Income Ideas or Importance of Passive income
You work for active income, but passive income works for you.
If you don't figure out how to make money in your sleep, a day may come when you lose sleep due to money.
Passive income is the ability to earn money without having to actively work for it.
Nothing is truly 100% passive upfront, as everything requires some amount of effort to set up initially. Use your time & money to create systems that require minimal intervention from you.
Use active income to buy passive income, so that passive income replaces your active income.
Active income is temporary, but passive income is forever. Here are 7 Passive income ideas or semi-passive:
• REITs
• Real Estate
• Renting Space
• Dividend Stocks
• Social media Influencer
• Affiliate Marketing
• Digital Products (Courses/ eBooks)
Below are some helpful articles on Investment.
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