What is Passive Income in a simple way?

[Reedex]

Passive income is more like having your money work tirelessly on your behalf . The money will keep growing at a steady rate and it will keep compounding as well.

 

[uptrendfinancialsignal]

It can be regarsed as a financial strategy that would allow you to escape the paycheck to paycheck cycle. This is why it is very crucial to consider this method of money making.

 

[flower]

A passive income means that more time for the things you love because it creates more time for the things you love and you will make money at the same time because there is a less time for work.

 

[Reedex]

It is an income that would allow you to focus on experiences over expenses. I have seen a ot of people utilised this particular medium to gain financial freedom .

 

[uptrendfinancialsignal]

You can imagine not worrying about bills because you have a passive income source that would be able to cover them more effectively without putting yourself under unnecessary stressor.

 

[flower]

Passive income is a gift you give your future self because it is a way you can use to generate financial security and financial freedom which is what everyone should try to do.

 

[Reedex]

It is the path to achieving your financial goals without you being tied to a desk because it will continue to generate money for you without putting in a lot of work.

 

[uptrendfinancialsignal]

Passive income is income that lets you live life on your terms because you will be able to dictate the tune and work at your own pace . No boss will push you around.

 

[saoussen5765]

Passive income is like having a money tree that keeps growing and providing fruit. This is indeed a very good way to make money without you constantly tending to it.

It could be like that but you have to be aware that even passive income needs work to bring affiliate and sales working under you and getting commission in the middle way not like for example invest 100 $ and get 125 $ by end of the month or pyramid scheme ways.

 

[LoukiaCharilaou]

Passive income is earning money without making any special effort or while sleeping. Of course, you must work hard in the beginning in order to enjoy the passive earnings in the end.

 

[oldbuddy]

The only thing I can add to that is even if you earn very little per day, it keeps on adding up all year long and if you have it where you earn interest on your deposit it just may surprise you when you did so little to earn it.

 

[arunima]

Passive income does need involvement from time to time, though the time and effort needed is minimal after initial set up. I have few passive income sources... earning interest from my savings in bank, my rental income from my apartments, dividend from sticks etc.

 

[Suba]

There are many types of investment instruments that you can use as passive income, and of course you have to understand the basic concepts, especially your risk profile. There are several types of investment instruments that are considered safe or only have a small risk, such as mutual funds and government bonds. If you have a lot of money you can invest in property.

 

[saoussen5765]

There are many types of investment instruments that you can use as passive income, and of course you have to understand the basic concepts, especially your risk profile. There are several types of investment instruments that are considered safe or only have a small risk, such as mutual funds and government bonds. If you have a lot of money you can invest in property.

The problem of many websites is that they suddenly stop the reward program and remove website from the web before you take an action to leave investment program and this is a risk means for example company is paying and then suddenly website disappear.

 

[freelancermaria]

It is possible to produce passive income in a number of ways, including investments, rental properties, dividends, interest from bonds or savings accounts, and revenue from other businesses. I have a passive income which is interest I earn from my bank.

 

[Rubz]

In simple terms or in a simple way, passive income is the money one earns without actively working for it. It is like making money by putting very little or no effort daily.