What is Passive Income?

What is Passive Income - Example 5

Passive income is often defined as income that is continually earned with as minimal effort as possible from the person receiving the money. This is usually accomplished by creating a self-sustaining service or product that can be automatically distributed or maintained. For example: • Monthly dividend checks from your stocks • A rental property that earns you rental income each month • An eBook that you sell online from a website Do you see how each of these examples are different from your regular job? If you stopped going to your regular job everyday, what would happen? • You’d be fired and your income would cease In each of these examples, you don’t “have to go to them”. The dividend checks appear as long as the company has … [Read more...]