What is Passive Income in a simple way?

flower

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You can imagine earning money effortlessly such as receiving rental income from a property that you own . This is a very good way to generate passive income and it is called a rental income.
 

Reedex

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It is a financial freedom because when you have income sources that don't rely on trading your time for money . It automatically translate to a financial freedom which is what everyone is aiming at.
 

flower

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It is the income that keeps flowing and you will definitely enjoy it because you will make money even when you are not actively working, which sounds like a great idea.
 

Reedex

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It is like having an army of money making robots that would work for you around the clock. A lot of people tapped into this opportunity and they make decent amount of money from it.
 

flower

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It is the money you make while you are pursuing your dreams and your passions as well . This is why it is a very good medium to choose whenever you want to make money.
 

Reedex

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The passive income is a financial security for the future and it is a way at which you can make money in the future without sacrificing your present, which is good!
 

flower

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Passive income is the type of income that you don't have to constantly chase at all time because it comes to you automatically after you have set some things into play.
 

Reedex

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It is the cash flow that would definitely allow you to build wealth steadily and it will also be constantly as well. When you build wealth consistently, it a passive income.
 

flower

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Passive income source is a smart way to make your money work for you . It is always a good way to earn rather than the other way around because you're going to generate money steadily through this method.
 

Reedex

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A passive income can be totally likebed to a financial cushion that will definitely provid a piece of mind , but you must understand the investment sources critically as well.
 

uptrendfinancialsignal

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Passive income could be retarded as having a multiple income streams and generating money from different kinds of sources without having to put in a lot of effort or by just putting in little maintenance.
 

flower

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It is a ticket to financial independence and you can utilise the passive income source to generate more for yourself for a very long period f time which is a very good way to make money
 

Reedex

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Passive income is the bridge to a life where you call the shots because it's an avenue where you can enjoy more freedom especially when it comes to personal finances.
 

flower

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Having an assets that generate money while you are pursuing your hobbies is a very good thing to consider and this is totally what is being referred to as a passive income sources.
 
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