Earning money while you sleep, or better yet, while you're on vacation. Sounds like a dream, doesn't it? But it's not. Welcome to the world of passive income.
Now, what exactly is passive income? It's earnings derived from a rental property, limited partnership, or any other enterprise in which you're not actively involved.
Unlike active income, where the sweat of your brow directly correlates with the money you make, passive income requires an upfront investment and less involvement thereafter.
It's almost like setting a well-oiled machine in motion. Once it's up and running, it keeps generating income with minimal intervention.
So, whether you're sipping a margarita by the beach or catching up on some much-needed sleep, the money keeps rolling in.
In essence, passive income is money that keeps coming in, even when you're not actively working for it.
Let me explain the different ways you can earn passive income in this video...
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