What Are the Benefits of Passive Income?

Passive income is income that isn’t directly based on the amount of time or work you put into it. For example, if you publish an ebook, and you can sell that one book a million times over the next five years, that is a passive income because you aren’t continuing to work.

Building passive income business

Another great way to embrace nearly effortless income is to buy passive real estate investments and hire a management company to run the day-to-day operations of the property. From there, the money you make on the property becomes a steady stream of passive income that you don’t have to spend valuable time every day grueling over.…

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