What is passive income?

uptrendfinancialsignal

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Passive income refers to earnings derived from sources that require minimal effort or time investment after the initial setup. Unlike active income, which involves huge time for money through traditional employment, passive income streams generate revenue continuously, even when the individual is not actively working. Examples of passive income include rental properties, dividends from stocks, interest from bonds, royalties from creative works, and online businesses.

 

Hate2Wait

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Passive income is that income which we can earn without even involving in it like we earn rental income and can earn for long duration and we don't even need to get involved all the time

 

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aovurevu

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Passive income refers to any income source that isn't related to working and getting paid , it just require you putting your money at work, putting little effort in earning high return and so on.

 

AruneBend

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passive income is where you still earn money even if you do nothing I think it's one of the greatest way to make money but it's not easy at all

 

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Bisolami

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AruneBend said:

passive income is where you still earn money even if you do nothing I think it's one of the greatest way to make money but it's not easy at all

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But I still a lot of people make a mistake of saying that you don't need to do anything while you earn passive income. You need to monitor the business and I think it is part of doing something

 

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Springtime

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Passive income is a way of earning income with minimal efforts. There are various sources of passive income. Interest from your savings at bank, dividends from stocks you purchased, royalties, property rental.

 

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Rubz

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Passive Income is the money earned by putting in little or no effort. It mostly involves making an investment and waiting to receive profits after a particular time. It could be monthly or yearly.

 

Authenticity101

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Passive income is so good for sure. You don't depend on your job to earn money. You can earn money anytime because you already invested somewhere. Also, you will have your wealth growing.

 

Desireu30b

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Passive income is the money you make after you had worked for sometime you know working for some time text effort consistency and time but there are times that you do not work again and the effort you have put before you'll be generating more income for you and that is what we called passive income making money while you are sleeping okay

 

Starmix

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It is not easy to own a passive income. It takes time. The best passive income is owning a beach resort, amusement park, schools, lots and properties through the rent is where you live by just waiting only on the money rents from your beach resorts amusement park and more. This is how money works for you.

 

nomad

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If you earn money without any ongoing work, or if you are earning money with just a little work, that's your passive income. You can build passive income through investment or business